QUESTIONS WITH CORRECT ANSWERS RATED A+ 2025-2026
WhichZpolicyZprovisionZpermitsZtheZpolicyZownerZtoZtakeZaZspecifiedZnumberZofZdaysZtoZexamineZt
heZcontract,ZandZallowsZforZcancellationZandZaZfullZrefundZifZtheZpolicyZownerZrejectsZtheZtermsZorZc
osts?Z-ZCORRECTZANSWERSFreeZLook
WhenZwillZaZpolicyZpayZonZaZUCRZbasis?Z-
ZCORRECTZANSWERSWhenZparticularZbenefitsZareZnotZlistedZonZaZpaymentZschedule
WhichZtypeZofZriderZreimbursesZhealthZandZsocialZserviceZexpensesZincurredZinZaZconvalescentZorZn
ursingZhomeZfacility?Z-ZCORRECTZANSWERSlongZtermZcareZrider
WhichZofZtheZfollowingZisZexemptedZfromZtheZincontestabilityZprovisionZinZinsuranceZpolicies?Z-
ZCORRECTZANSWERSFraudulentZmisstatements
WhatZdoesZfirstZdollarZcoverageZmean?Z-
ZCORRECTZANSWERSAsZsoonZasZcoveredZmedicalZexpensesZareZincurred,ZtheZpolicyZbeginsZtoZpay
WhatZisZtheZwaiverZofZpremiumZprovision?Z-
ZCORRECTZANSWERSInZaZlongZtermZcareZcontract,ZtheZpremiumZisZwaivedZafterZtheZinsuredZhasZbe
enZconfinedZforZaZspecificZperiodZofZtime
AccordingZtoZtheZTimeZPaymentZofZClaimsZprovision,ZtheZinsurerZmustZmakeZtheZpaymentZimmedia
telyZafterZreceivingZproofZofZlossZEXCEPTZ-
ZCORRECTZANSWERSforZclaimsZinvolvingZperiodicZpayments
WhichZisZaZdisadvantageZtoZaZflexibleZpremiumZannuity?Z-
ZCORRECTZANSWERStheZactualZamountZofZtheZannuityZbenefitZcannotZbeZdeterminedZinZadvance
, WhenZaZpolicyZorZcertificateZcontainingZanZacceleratedZbenefitZprovisionZisZappliedZforZorZdelivered
,ZtheZproducerZisZresponsibleZforZprovidingZthatZapplicantZaZsummaryZofZcoverageZthatZincludesZallZ
ofZtheZfollowingZEXCEPTZ-
ZCORRECTZANSWERSaZdetailedZandZcomprehensiveZsummaryZofZtheZacceleratedZbenefit
whichZoneZofZtheZfollowingZrepresentsZanZadvantageZofZobtainingZaZpolicyZloanZversusZaZwithdraw
al?Z-
ZCORRECTZANSWERStheZloanZisZnotZtaxedZwhileZaZwithdrawalZisZtaxedZforZamountsZaboveZtheZcont
ractZcostZbasis
HowZdoesZaZnoncancelableZpolicyZdifferZfromZaZguaranteedZrenewableZpolicy?Z-
ZCORRECTZANSWERSwithZtheZnonZcancelableZpolicyZtheZinsurerZmayZincreaseZpremiumsZonlyZbase
dZonZtheZtermsZofZtheZpolicy
WhatZdoesZitZmeanZifZaZhealthZpolicyZisZconditionallyZrenewable?Z-
ZCORRECTZANSWERSInsurerZmayZelectZNOTZtoZrenewZonlyZunderZtheZconditionsZspecifiedZinZtheZp
olicy
WhenZtheZsuicideZclauseZisZinsertedZinZaZlifeZinsuranceZcontract,ZdeathZbyZsuicideZisZnotZcoveredZdu
ringZtheZpolicy'sZinitial:Z-ZCORRECTZANSWERS2ZyearZperiod
WhatZdoesZcoinsuranceZmean?Z-
ZCORRECTZANSWERSTheZinsurerZandZtheZinsuredZshareZexpensesZoverZtheZdeductible.
WhichZofZtheZfollowingZmustZbeZgivenZtoZtheZinsurerZwithinZ20ZdaysZafterZoccurrenceZorZcommenc
ementZofZanyZlossZcoveredZbyZtheZpolicy,ZorZasZsoonZthereafterZasZisZreasonablyZpossible?Z-
ZCORRECTZANSWERSNoticeZofZclaim
TheZrightZtoZchangeZtheZbeneficiaryZorZdisposeZofZtheZpolicyZorZitsZbenefitsZinZanyZmannerZoneZcho
osesZisZreservedZtoZtheZpolicyZownerZUNLESSZwhichZofZtheZfollowingZisZtrue?Z-
ZCORRECTZANSWERSTheZpolicyZownerZhasZnamedZanZirrevocableZbeneficiary