Indiana Life and Health 2025/2026 Exam
Questions and Corresponding Answers
with Surety of 100% Pass Mark
Which of the following individuals would be a likely candidate to purchase a
deferred annuity?
a) Someone who needs to start receiving benefit payments within 6 months of the
annuity purchase.
b) Someone who wants to leave the death benefit to the beneficiaries.
c) Someone who cannot afford life insurance.
d) Someone who wants to grow retirement funds tax deferred. - 🧠ANSWER ✔✔D
If a life insurance policy is purchased by someone who has no insurable interest in
the insured, it is considered
a) A STOLI policy
b) Estate liquidation
c) Third-party ownership
, d) A specialized policy - 🧠ANSWER ✔✔A
Which of the following would NOT trigger the payment of Accelerated Death
Benefits?
a) Requiring an organ transplant for the insured to survive.
b) Being permanently institutionalized.
c) Being permanently disabled.
d) Terminal Illness - 🧠ANSWER ✔✔C
When may HIV-related test results be provided to the MIB?
a) Only if the individual is not identified.
b) Under all circumstances.
c) When given authorization by the patient.
d) Only when the test results are negative. - 🧠ANSWER ✔✔A
An elimination period may NOT have to be satisfied for a disability in which of the
following?
a) An insured suffers a relapse of a prior disability within 6 months of the initial
covered disability.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
Questions and Corresponding Answers
with Surety of 100% Pass Mark
Which of the following individuals would be a likely candidate to purchase a
deferred annuity?
a) Someone who needs to start receiving benefit payments within 6 months of the
annuity purchase.
b) Someone who wants to leave the death benefit to the beneficiaries.
c) Someone who cannot afford life insurance.
d) Someone who wants to grow retirement funds tax deferred. - 🧠ANSWER ✔✔D
If a life insurance policy is purchased by someone who has no insurable interest in
the insured, it is considered
a) A STOLI policy
b) Estate liquidation
c) Third-party ownership
, d) A specialized policy - 🧠ANSWER ✔✔A
Which of the following would NOT trigger the payment of Accelerated Death
Benefits?
a) Requiring an organ transplant for the insured to survive.
b) Being permanently institutionalized.
c) Being permanently disabled.
d) Terminal Illness - 🧠ANSWER ✔✔C
When may HIV-related test results be provided to the MIB?
a) Only if the individual is not identified.
b) Under all circumstances.
c) When given authorization by the patient.
d) Only when the test results are negative. - 🧠ANSWER ✔✔A
An elimination period may NOT have to be satisfied for a disability in which of the
following?
a) An insured suffers a relapse of a prior disability within 6 months of the initial
covered disability.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
