FLORIDA LIFE HEALTH AND
ANNUITIES 2 TO 15 500+ QUESTIONS
2026 2027 VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE
QUESTIONS HIGH YIELD STUDY
GUIDE EXAM PREP MATERIAL
LATEST VERSION REAL EXAM
QUESTIONS AND ANSWERS GRADED
A+ SUCCESS PACK REVIEW EDITION
1.ZoomWords: A list of the important terms to be understood in preparing for the
insurance exams
1. Yearly Renewable Term Insurance (YRT): The same as annually renewable
term (ARTs)
2. Absolute assignment: Ownership is assigned to another person permanently
unless intentionally returned
3. Accelerated benefits rider: Providing death benefits ahead of time of death
when insured is terminally ill
4. Acceptance: Offer has been made and accepted by the company, or by the
client if counter-offer was made
5. Accidental bodily injury provision: Benefits payable when injured by
accidental means
6. Accidental death and dismemberment: A plan specifically for accidental
death or loss of body parts
,
,FLORIDA L -15
500+
7. Accidental death benefit rider: Twice (or three times) the benefit will be paid
if the insured dies in an accident
8. Accidental dismemberment: Loss of a body part-state test actual loss not just
loss of use
9. Accidental means provision: Benefit only paid when the insured was not in
control of the accident
10. Accidental results provision: Benefit paid when accident occurred because
of any means; it just happened!
11. Accident and health insurance: Coverage for an insured disabled by accident
or illness
12. Accumulation unit: Purchased by premiums paid into variable annuity during
the annuitants working years
13. Acute illness: The one category of serious illness where the patient can fully
recover
14. Adhesion: Where all specifications of forms, brochures, and contracts are pre-
approved by the state
15. Adjustable life insurance: A combination term and whole life policy where it is
easy to change various factors
16. Administration services only (ASO): Insurance company insists only with the
paperwork for self-insureds
17. Admitted insurer: Company approved, authorized, admitted, certified to do
business in the state
18. Adult daycare: Where Alzheimers or similar patients can be monitored and
receive care during the day
19. Adverse selection: poor choices made by an underwriter when selecting risks
,
,20. Advertising code: What's ok and what's NOT okay in advertising... found
inside the Unfair Trade Practices Act
21. Agency: An office established for the purpose of selling insurance within the
state
22. Agent: Any licensed person who solicits insurance on behalf of an insurance
company
23. Agent's report: Part 3 of the application where the agent enters his/her com-
ments regarding the transaction
24. Aleatory: A chance/risk for both of the parties. It never works out to be equal
25. Alien insurer: Insurance company is located outside the USA
26. Ambulatory surgery: A neighborhood clinic commonly less expensive than the
costs from a hospital
27. American agency system: the same as the independent agency system 28.
Annually renewable term (ART): A term policy where the premium gradually
increases annually by age
29. Annuitant: The owner of an annuity
30. Annuity: A savings product created for the purpose of a lifetime income -
liquidating a sum of money
31. Annuity units: The calculated value of the payout portion of the contract in a
variable annuity
32. Any occupation: The category of work where the insured is able to perform
some/any occupation
33. Apparent authority: Based on what the company has provided to their agents
-they can use the material
34. Application: Used to ask questions to provide underwriters with a means of
determining data and risks
35. Appointment: A licensed agent must also be appointed by their company in
order to sell insurance
,
, 36. Approval receipt: A conditional receipt, which becomes effective only when
approved by the insurer
37. Assessment mutual insurer: An insurer, which assesses other policyholders
when a claim occurs
38. Assignment: A policy can be assigned to a different owner without approval
from beneficiaries or the insurer
39. Attained age: When converting from a term to whole life policy and using the
current age reached
40. Authority: Agent receives expressed (written), implied (business), apparent
(what the company has provided)
41. Authorized company: see admitted company
,
ANNUITIES 2 TO 15 500+ QUESTIONS
2026 2027 VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE
QUESTIONS HIGH YIELD STUDY
GUIDE EXAM PREP MATERIAL
LATEST VERSION REAL EXAM
QUESTIONS AND ANSWERS GRADED
A+ SUCCESS PACK REVIEW EDITION
1.ZoomWords: A list of the important terms to be understood in preparing for the
insurance exams
1. Yearly Renewable Term Insurance (YRT): The same as annually renewable
term (ARTs)
2. Absolute assignment: Ownership is assigned to another person permanently
unless intentionally returned
3. Accelerated benefits rider: Providing death benefits ahead of time of death
when insured is terminally ill
4. Acceptance: Offer has been made and accepted by the company, or by the
client if counter-offer was made
5. Accidental bodily injury provision: Benefits payable when injured by
accidental means
6. Accidental death and dismemberment: A plan specifically for accidental
death or loss of body parts
,
,FLORIDA L -15
500+
7. Accidental death benefit rider: Twice (or three times) the benefit will be paid
if the insured dies in an accident
8. Accidental dismemberment: Loss of a body part-state test actual loss not just
loss of use
9. Accidental means provision: Benefit only paid when the insured was not in
control of the accident
10. Accidental results provision: Benefit paid when accident occurred because
of any means; it just happened!
11. Accident and health insurance: Coverage for an insured disabled by accident
or illness
12. Accumulation unit: Purchased by premiums paid into variable annuity during
the annuitants working years
13. Acute illness: The one category of serious illness where the patient can fully
recover
14. Adhesion: Where all specifications of forms, brochures, and contracts are pre-
approved by the state
15. Adjustable life insurance: A combination term and whole life policy where it is
easy to change various factors
16. Administration services only (ASO): Insurance company insists only with the
paperwork for self-insureds
17. Admitted insurer: Company approved, authorized, admitted, certified to do
business in the state
18. Adult daycare: Where Alzheimers or similar patients can be monitored and
receive care during the day
19. Adverse selection: poor choices made by an underwriter when selecting risks
,
,20. Advertising code: What's ok and what's NOT okay in advertising... found
inside the Unfair Trade Practices Act
21. Agency: An office established for the purpose of selling insurance within the
state
22. Agent: Any licensed person who solicits insurance on behalf of an insurance
company
23. Agent's report: Part 3 of the application where the agent enters his/her com-
ments regarding the transaction
24. Aleatory: A chance/risk for both of the parties. It never works out to be equal
25. Alien insurer: Insurance company is located outside the USA
26. Ambulatory surgery: A neighborhood clinic commonly less expensive than the
costs from a hospital
27. American agency system: the same as the independent agency system 28.
Annually renewable term (ART): A term policy where the premium gradually
increases annually by age
29. Annuitant: The owner of an annuity
30. Annuity: A savings product created for the purpose of a lifetime income -
liquidating a sum of money
31. Annuity units: The calculated value of the payout portion of the contract in a
variable annuity
32. Any occupation: The category of work where the insured is able to perform
some/any occupation
33. Apparent authority: Based on what the company has provided to their agents
-they can use the material
34. Application: Used to ask questions to provide underwriters with a means of
determining data and risks
35. Appointment: A licensed agent must also be appointed by their company in
order to sell insurance
,
, 36. Approval receipt: A conditional receipt, which becomes effective only when
approved by the insurer
37. Assessment mutual insurer: An insurer, which assesses other policyholders
when a claim occurs
38. Assignment: A policy can be assigned to a different owner without approval
from beneficiaries or the insurer
39. Attained age: When converting from a term to whole life policy and using the
current age reached
40. Authority: Agent receives expressed (written), implied (business), apparent
(what the company has provided)
41. Authorized company: see admitted company
,
