FLS MEDICAL FINAL EXAM NEWEST 2025 ACTUAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS
an annuitant -CORRECT ANSWER-guaranteed lifetime withdrawal benefit
How much does medicare -CORRECT ANSWER-80%
which of the following employer tasks does a professional employer organization normally
handle? -CORRECT ANSWER-administration tasks
a stock insurance company -CORRECT ANSWER-is owned exclusively by its shareholders
an example of a primary care physician would be a -CORRECT ANSWER-internist
J is an agent -CORRECT ANSWER-Coercion
all of the following are functions of an insuring clause except -CORRECT ANSWER-Primarily
describes the free-look period
An insured has a health plan that pays established amounts in accordance with a list of
injuries, surgical procedures, or other losses. This list is called a -CORRECT ANSWER-Benefit
schedule
What type of insurance company is domiciled in England but conducts business in Florida. -
CORRECT ANSWER-Alien
,__ is NOT an element of a valid contract -CORRECT ANSWER-countersignature
According to florida law -CORRECT ANSWER-require evidence of insurability
A long-term care lapse notice must be delivered to both the applicant and -CORRECT
ANSWER-beneficiary
The type of policy wher -CORRECT ANSWER-cancelable
What is the name of the provision which sates that a copy of the application must be
attached to the policy when issued? -CORRECT ANSWER-Entire contract
Which of the following is considered to be an alternative to a life settlement -CORRECT
ANSWER-accelerated death benefit rider
Which of these describes -CORRECT ANSWER-Pre-death distributions are typically taxable
Kelly purchases -CORRECT ANSWER-Specific reasons stated in the contract
Decreasing term life insurance is often used to -CORRECT ANSWER-provide coverage for a
home mortgage
which of these ensures -CORRECT ANSWER-Spendthrift clause
In Florida, most life insurance policies have a contestability period of -CORRECT ANSWER-2
years
Joe has a life -CORRECT ANSWER-Universal life policy
, States that have -CORRECT ANSWER-pay for ongoing claims under the policy it replaces
Barbaras -CORRECT ANSWER-Guaranteed Insurability rider
a provision that allows -CORRECT ANSWER-partial surrender
a licensed agent -CORRECT ANSWER-48 months
which settlement -CORRECT ANSWER-Interest only
what is an insurance policy's grace period -CORRECT ANSWER-period of time after the
premium is due but the policy remains in force.
What is the purpose for having an accelerated death benefit on a life insurance policy? -
CORRECT ANSWER-It allows for cash advances to be paid against the death benefit if the
insured becomes terminally ill.
which of the following is ineligible to participate in a section 125 Plan? -CORRECT ANSWER-
An S-Corp owner with a greater than 2% share
Life insurance policies will normally pay for losses arising from -CORRECT ANSWER-
commercial aviation
Which of the following is not a federal requirement of a qualified plan? -CORRECT ANSWER-
employee must be able to make unlimited contributions
As a condition -CORRECT ANSWER-Coercion
VERIFIED ANSWERS
an annuitant -CORRECT ANSWER-guaranteed lifetime withdrawal benefit
How much does medicare -CORRECT ANSWER-80%
which of the following employer tasks does a professional employer organization normally
handle? -CORRECT ANSWER-administration tasks
a stock insurance company -CORRECT ANSWER-is owned exclusively by its shareholders
an example of a primary care physician would be a -CORRECT ANSWER-internist
J is an agent -CORRECT ANSWER-Coercion
all of the following are functions of an insuring clause except -CORRECT ANSWER-Primarily
describes the free-look period
An insured has a health plan that pays established amounts in accordance with a list of
injuries, surgical procedures, or other losses. This list is called a -CORRECT ANSWER-Benefit
schedule
What type of insurance company is domiciled in England but conducts business in Florida. -
CORRECT ANSWER-Alien
,__ is NOT an element of a valid contract -CORRECT ANSWER-countersignature
According to florida law -CORRECT ANSWER-require evidence of insurability
A long-term care lapse notice must be delivered to both the applicant and -CORRECT
ANSWER-beneficiary
The type of policy wher -CORRECT ANSWER-cancelable
What is the name of the provision which sates that a copy of the application must be
attached to the policy when issued? -CORRECT ANSWER-Entire contract
Which of the following is considered to be an alternative to a life settlement -CORRECT
ANSWER-accelerated death benefit rider
Which of these describes -CORRECT ANSWER-Pre-death distributions are typically taxable
Kelly purchases -CORRECT ANSWER-Specific reasons stated in the contract
Decreasing term life insurance is often used to -CORRECT ANSWER-provide coverage for a
home mortgage
which of these ensures -CORRECT ANSWER-Spendthrift clause
In Florida, most life insurance policies have a contestability period of -CORRECT ANSWER-2
years
Joe has a life -CORRECT ANSWER-Universal life policy
, States that have -CORRECT ANSWER-pay for ongoing claims under the policy it replaces
Barbaras -CORRECT ANSWER-Guaranteed Insurability rider
a provision that allows -CORRECT ANSWER-partial surrender
a licensed agent -CORRECT ANSWER-48 months
which settlement -CORRECT ANSWER-Interest only
what is an insurance policy's grace period -CORRECT ANSWER-period of time after the
premium is due but the policy remains in force.
What is the purpose for having an accelerated death benefit on a life insurance policy? -
CORRECT ANSWER-It allows for cash advances to be paid against the death benefit if the
insured becomes terminally ill.
which of the following is ineligible to participate in a section 125 Plan? -CORRECT ANSWER-
An S-Corp owner with a greater than 2% share
Life insurance policies will normally pay for losses arising from -CORRECT ANSWER-
commercial aviation
Which of the following is not a federal requirement of a qualified plan? -CORRECT ANSWER-
employee must be able to make unlimited contributions
As a condition -CORRECT ANSWER-Coercion
