Louisiana Life, Accident and Health Practice Exam
Test Questions & Answers EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
Select from the choices below the best description of a speculative risk? - CORRECT-
ANSWERSInvolving the possibility of a gain in addition to the uncertainty of loss
If there is a material change in an MEC contract, what is the first thing needing to be
done? - CORRECT-ANSWERSAnother 7 pay test
Which of the following is not taxable? - CORRECT-ANSWERSFixed amount installments
A premature distribution from a Roth IRA made before the age 59.5 is subject to a 10%
penalty tax unless: - CORRECT-ANSWERSIt was used as a down payment on first home
Carlos cancels his life policy but instructs the insurance company to transfer the cash
value of his policy to an annuity. This non taxable transaction is called? - CORRECT-
ANSWERS1035 Exchange
,Which of the following is a disadvantage to setup and participate in a qualified
retirement plan? - CORRECT-ANSWERSImmediate liquidity
All of these types of distributions that are exceptions to the 10% penalty rule except: -
CORRECT-ANSWERSNew car purchase
Which of the following does not describe a 401(K) characteristics - CORRECT-
ANSWERSCurrently $49,000 maximum contribution
The following are examples of Qualified Retirement Plans except: - CORRECT-
ANSWERS501c(3)
Which of the following is not correct regarding Long Term Care - CORRECT-ANSWERSIt
provides different benefits for different levels of care
Medicare Select is a type of? - CORRECT-ANSWERSMedicare Supplement plan offered by
an HMO
Which of the following statements is correct regarding Medicare Advantage - CORRECT-
ANSWERSIt can offer benefits that ate not covered by regular Medicare
Which of the following is correct with regards to the hospital insurance Part A plan of
Medicare - CORRECT-ANSWERSInsured must satisfy a deductible
,Which of the following statements is correct about Part B of Medicare - CORRECT-
ANSWERSAn annual deductible is required
All of the following examples of groups that purchase group health insurance except: -
CORRECT-ANSWERSMEWA
The following are example of limited health plans except: - CORRECT-ANSWERSHMO
Ally wants a rider that will pay disability that social security will pay for one year,
assuming that social security should begin then. What type of rider should she consider?
- CORRECT-ANSWERSAdditional monthly benefit (AMB)
How many QCs are necessary to be fully funded? - CORRECT-ANSWERS40
If Bill has a type of disability plan that has benefits set at a percentage of income, what
type is it? - CORRECT-ANSWERSEmployer Group
Ally wants to make sure that her benefits for her disability policy keep up with the rate of
inflation, what type of rider should she consider - CORRECT-ANSWERSCOLA
How many QCs are necessary to be deemed partially insured - CORRECT-ANSWERS6 in
the last 13
, If Jill has a type of disability plan that has benefits set at a flat amount per month, what
type is it? - CORRECT-ANSWERSIndividual
The period before benefits begin is termed as all of the following except: - CORRECT-
ANSWERSPre-benefit period
Which of the following does Coinsurance describe? - CORRECT-ANSWERSa percentage
the insured will pay after the deductible
If a health insurer does not pay a claim more than how many days after required a 1% per
month penalty will begin? - CORRECT-ANSWERS25 days
How many days after receiving notice of a claim does an insurer have to furnish proof of
loss forms? - CORRECT-ANSWERS15
If Martha wants to pay her daughter's college tuition, which of the following can be used
as an education annuity? - CORRECT-ANSWERSAnnuity Certain
The best description of a hazard is? - CORRECT-ANSWERSCondition that may increase
the chance that a loss may occur
Test Questions & Answers EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
Select from the choices below the best description of a speculative risk? - CORRECT-
ANSWERSInvolving the possibility of a gain in addition to the uncertainty of loss
If there is a material change in an MEC contract, what is the first thing needing to be
done? - CORRECT-ANSWERSAnother 7 pay test
Which of the following is not taxable? - CORRECT-ANSWERSFixed amount installments
A premature distribution from a Roth IRA made before the age 59.5 is subject to a 10%
penalty tax unless: - CORRECT-ANSWERSIt was used as a down payment on first home
Carlos cancels his life policy but instructs the insurance company to transfer the cash
value of his policy to an annuity. This non taxable transaction is called? - CORRECT-
ANSWERS1035 Exchange
,Which of the following is a disadvantage to setup and participate in a qualified
retirement plan? - CORRECT-ANSWERSImmediate liquidity
All of these types of distributions that are exceptions to the 10% penalty rule except: -
CORRECT-ANSWERSNew car purchase
Which of the following does not describe a 401(K) characteristics - CORRECT-
ANSWERSCurrently $49,000 maximum contribution
The following are examples of Qualified Retirement Plans except: - CORRECT-
ANSWERS501c(3)
Which of the following is not correct regarding Long Term Care - CORRECT-ANSWERSIt
provides different benefits for different levels of care
Medicare Select is a type of? - CORRECT-ANSWERSMedicare Supplement plan offered by
an HMO
Which of the following statements is correct regarding Medicare Advantage - CORRECT-
ANSWERSIt can offer benefits that ate not covered by regular Medicare
Which of the following is correct with regards to the hospital insurance Part A plan of
Medicare - CORRECT-ANSWERSInsured must satisfy a deductible
,Which of the following statements is correct about Part B of Medicare - CORRECT-
ANSWERSAn annual deductible is required
All of the following examples of groups that purchase group health insurance except: -
CORRECT-ANSWERSMEWA
The following are example of limited health plans except: - CORRECT-ANSWERSHMO
Ally wants a rider that will pay disability that social security will pay for one year,
assuming that social security should begin then. What type of rider should she consider?
- CORRECT-ANSWERSAdditional monthly benefit (AMB)
How many QCs are necessary to be fully funded? - CORRECT-ANSWERS40
If Bill has a type of disability plan that has benefits set at a percentage of income, what
type is it? - CORRECT-ANSWERSEmployer Group
Ally wants to make sure that her benefits for her disability policy keep up with the rate of
inflation, what type of rider should she consider - CORRECT-ANSWERSCOLA
How many QCs are necessary to be deemed partially insured - CORRECT-ANSWERS6 in
the last 13
, If Jill has a type of disability plan that has benefits set at a flat amount per month, what
type is it? - CORRECT-ANSWERSIndividual
The period before benefits begin is termed as all of the following except: - CORRECT-
ANSWERSPre-benefit period
Which of the following does Coinsurance describe? - CORRECT-ANSWERSa percentage
the insured will pay after the deductible
If a health insurer does not pay a claim more than how many days after required a 1% per
month penalty will begin? - CORRECT-ANSWERS25 days
How many days after receiving notice of a claim does an insurer have to furnish proof of
loss forms? - CORRECT-ANSWERS15
If Martha wants to pay her daughter's college tuition, which of the following can be used
as an education annuity? - CORRECT-ANSWERSAnnuity Certain
The best description of a hazard is? - CORRECT-ANSWERSCondition that may increase
the chance that a loss may occur
