Louisiana Life, Health & Accident Insurances Exam Questions
AND Correct Answers
A 55-year-old employee has worked part-time for his new employer
for 3 months now - ✔✔Number of hours worked per week
A business owner was trying to obtain a bank fund loan to fund the
purchase of a new business facility, but the bank requires proof of
additional assets to secure the loan. The business owner then decided
to use her $25,000 life insurance policy to secure the loan. Which
provision makes this possible? - ✔✔Collateral assignment
A business wants to make sure that if a key employee becomes
disabled, the business will be protected from any resulting loss. Which
kind of insurance will protect the business? - ✔✔Business Disability
A deferred annuity is surrendered prior to annuitization which of the
following best describes the nonforfeiture value of the the annuity? -
✔✔The surrender value should be equal to 100% of the premium
paid, minus any prior withdrawls & surrender charges
A deferred annuity is surrendered prior to annuitization. Which of the
following... nonforfeiture value of annuity? - ✔✔The surrender value
should be equal...
A fixed annuity contract provides for - ✔✔level benefit payment
,A France-based insurer would like to do... - ✔✔Certificate of Authority
A group of 15 skydivers met at a seminar & began talking about life
insurance during a break. Because it was expensive to get individual
life insurance, they decided to band together so they could qualify for
group life insurance. After applying they were rejected. why? -
✔✔The purpose of the group was to purchase life insurance
A guaranteed renewable health insurance policy allows the -
✔✔policyholder to renew the policy to a stated age, with the
company...
A health insurance policy clause that prevents an insurance company
from denying payment of a claim after a specified period of time is
known as the - ✔✔Time Limit on certain Defenses clause
A long stretch of national economic hardship causes a 7% inflation. A
policyowner's face value has been raised 7%. Which policy rider
caused this change? - ✔✔Cost of Living Rider
A long stretch of national economy hardship causes a 7% rate of
inflation... - ✔✔Cost of Living Rider
,A long-term care insurance shopper's guide must be provided in the
format developed by which of the following? - ✔✔NAIC
A long-term care insurance shopper's guide must be provided in the
format... - ✔✔NAIC
A long-term care shopper's guide must be presented at what point? -
✔✔Prior to the time of application
A Louisiana insurance company ran an advertisement in June 2008.
When could the company discard... - ✔✔June 2012
A man decided to purchase a $100,000 Joint life policy on the himself
& his wife. 8 years later, he died in an automobile accidents. How
much will his wife receive from the policy? - ✔✔$100,000
A man works for company A & his wife works for company B, the
spouses are covered by health plans through their.. - ✔✔The
insurance through his company is primary
A married couple owns a permanent policy which covers both of their
lives & pays the benefit upon first insured... - ✔✔Joint life policy
, A married couple owns a permanent policy which covers both their
lives & pays the death benefit only upon the death of the 1st insured.
Which policy is that? - ✔✔Joint Life Policy
A medicare SELECT policy does all of the following EXCEPT -
✔✔Prohibit payment for regularly covered services if provided by
non-network providers
A participating insurance policy may do which of the following? -
✔✔Pay dividends to the policyowner
A policy available to business owners that provides payment for
normal business expenses... - ✔✔Business Overheard Expense
A policy will pay the death benefit if the insured dies during the 20-
year premium paying period, & nothing if death occurs after it. What
type of policy is this? - ✔✔Level term
A producer is helping a married couple determine the financial needs
of their if they die prematurely. This is a personal use of insurance
known as? - ✔✔survivor protection
A producer's license has been revoked for a violation of the insurance
code. When... apply for a new... - ✔✔Within 1 year of the revocation
AND Correct Answers
A 55-year-old employee has worked part-time for his new employer
for 3 months now - ✔✔Number of hours worked per week
A business owner was trying to obtain a bank fund loan to fund the
purchase of a new business facility, but the bank requires proof of
additional assets to secure the loan. The business owner then decided
to use her $25,000 life insurance policy to secure the loan. Which
provision makes this possible? - ✔✔Collateral assignment
A business wants to make sure that if a key employee becomes
disabled, the business will be protected from any resulting loss. Which
kind of insurance will protect the business? - ✔✔Business Disability
A deferred annuity is surrendered prior to annuitization which of the
following best describes the nonforfeiture value of the the annuity? -
✔✔The surrender value should be equal to 100% of the premium
paid, minus any prior withdrawls & surrender charges
A deferred annuity is surrendered prior to annuitization. Which of the
following... nonforfeiture value of annuity? - ✔✔The surrender value
should be equal...
A fixed annuity contract provides for - ✔✔level benefit payment
,A France-based insurer would like to do... - ✔✔Certificate of Authority
A group of 15 skydivers met at a seminar & began talking about life
insurance during a break. Because it was expensive to get individual
life insurance, they decided to band together so they could qualify for
group life insurance. After applying they were rejected. why? -
✔✔The purpose of the group was to purchase life insurance
A guaranteed renewable health insurance policy allows the -
✔✔policyholder to renew the policy to a stated age, with the
company...
A health insurance policy clause that prevents an insurance company
from denying payment of a claim after a specified period of time is
known as the - ✔✔Time Limit on certain Defenses clause
A long stretch of national economic hardship causes a 7% inflation. A
policyowner's face value has been raised 7%. Which policy rider
caused this change? - ✔✔Cost of Living Rider
A long stretch of national economy hardship causes a 7% rate of
inflation... - ✔✔Cost of Living Rider
,A long-term care insurance shopper's guide must be provided in the
format developed by which of the following? - ✔✔NAIC
A long-term care insurance shopper's guide must be provided in the
format... - ✔✔NAIC
A long-term care shopper's guide must be presented at what point? -
✔✔Prior to the time of application
A Louisiana insurance company ran an advertisement in June 2008.
When could the company discard... - ✔✔June 2012
A man decided to purchase a $100,000 Joint life policy on the himself
& his wife. 8 years later, he died in an automobile accidents. How
much will his wife receive from the policy? - ✔✔$100,000
A man works for company A & his wife works for company B, the
spouses are covered by health plans through their.. - ✔✔The
insurance through his company is primary
A married couple owns a permanent policy which covers both of their
lives & pays the benefit upon first insured... - ✔✔Joint life policy
, A married couple owns a permanent policy which covers both their
lives & pays the death benefit only upon the death of the 1st insured.
Which policy is that? - ✔✔Joint Life Policy
A medicare SELECT policy does all of the following EXCEPT -
✔✔Prohibit payment for regularly covered services if provided by
non-network providers
A participating insurance policy may do which of the following? -
✔✔Pay dividends to the policyowner
A policy available to business owners that provides payment for
normal business expenses... - ✔✔Business Overheard Expense
A policy will pay the death benefit if the insured dies during the 20-
year premium paying period, & nothing if death occurs after it. What
type of policy is this? - ✔✔Level term
A producer is helping a married couple determine the financial needs
of their if they die prematurely. This is a personal use of insurance
known as? - ✔✔survivor protection
A producer's license has been revoked for a violation of the insurance
code. When... apply for a new... - ✔✔Within 1 year of the revocation
