NEBRASKA LIFE AND HEALTH LICENSE EXAM WITH
100% VERIFIED/DETAILED ANSWERED QUESTIONS
A COMPLETE EXAM SOLUTION THAT COVERS
2024/2025 BEST RATED TO SCORE A+ FOR PASS
When completing an application for life insurance, Andrew states that he is 39 years old,
though he is actually 45. When the insurer discovers this, what will it probably do? -
CORRECT ANSWERS adjusted the benefits
When underwriting a group life insurance policy, which of the following does the
underwriter look at? - CORRECT ANSWERS the group as a whole
Alana let her life insurance policy lapse two years ago and now wants to reinstate the policy.
Which action is she NOT required to take to reinstate the policy? - CORRECT ANSWERS pay
the next year's premium in advance
A long-term care insurance policy issued in Nebraska cannot exclude coverage or limit
benefits for which of the following? - CORRECT ANSWERS Alzheimer's disease
What happens if the provisions of an insurer's health insurance policies contradict state law?
- CORRECT ANSWERS The provisions are changed automatically to comply with the law.
Whether a variable annuity's monthly income rises, falls, or stays level depends largely on
which of the following? - CORRECT ANSWERS the assumed interest rate (AIR) selected by
the contract owner
Producers and insurers selling Medicare supplement insurance policies are prohibited from
engaging in all of the following acts EXCEPT: - CORRECT ANSWERS replacement
Jessica, age 48, owns a traditional IRA that she funded with tax-deducted contributions and
which is now worth $300,000. Which of the following correctly describes the tax
consequences of converting her IRA to a Roth IRA? - CORRECT ANSWERS She would have to
pay income taxes on the entire $300,000.
What kind of insurance policy pays benefits to the business owner if an essential manager
were to become disabled? - CORRECT ANSWERS key person disability income insurance
,NEBRASKA LIFE AND HEALTH LICENSE EXAM WITH
100% VERIFIED/DETAILED ANSWERED QUESTIONS
A COMPLETE EXAM SOLUTION THAT COVERS
2024/2025 BEST RATED TO SCORE A+ FOR PASS
If Jack takes a new job that is less hazardous than the job he had when he obtained health
coverage, what may the insurer do? - CORRECT ANSWERS reduce the premium
Dan owns a fixed whole life insurance policy. What type of death benefit is Dan guaranteed?
- CORRECT ANSWERS the policy guarantees a fixed death benefit amount.
Ralph, Jerry, and Paula are primary and equal beneficiaries of the $600,000 insurance policy
on the life of their mother, Judy. Ralph dies before his mother. He leaves two children, Tim
and Hal. Judy's life insurance policy designates the death benefit per capita. How will the
insurer distribute the policy benefits? - CORRECT ANSWERS Jerry and Paula will each receive
$300,000
For Social Security purposes, Brian is considered currently insured while Samantha is fully
insured. Which of the following statements is correct? - CORRECT ANSWERS Samantha is
eligible for more Social Security benefits than Brian
When she applied for an individual health insurance policy, Betty neglected to disclose that
her parents had undergone open-heart surgery many years ago. Her insurer discovers this
misstatement four years after the effective date of coverage. What can it do? - CORRECT
ANSWERS nothing
Why does an insurer require that a certain percentage of eligible members participate in a
group health insurance plan? - CORRECT ANSWERS to protect the insurer from adverse
selection
Which of the following statements about a Medicare supplement policy is NOT correct? -
CORRECT ANSWERS It can indemnify against loss from illness on a different basis than loss
from accident.
Which statement is true under a split-dollar life insurance plan? - CORRECT ANSWERS The
employer and employee split the premiums.
, NEBRASKA LIFE AND HEALTH LICENSE EXAM WITH
100% VERIFIED/DETAILED ANSWERED QUESTIONS
A COMPLETE EXAM SOLUTION THAT COVERS
2024/2025 BEST RATED TO SCORE A+ FOR PASS
Laura was injured in an accident. She incurred $1,000 in medical bills. Even though she was
not disabled or lost any income, her disability income policy paid for these expenses because
it has: - CORRECT ANSWERS a nondisabling injury provision
What do covered employees receive to show they have coverage under a group life
insurance policy? - CORRECT ANSWERS certificate of insurance
Under the payor benefit rider of a juvenile life insurance policy, which of the following
happens if the payor becomes disabled before the maximum age specified in the rider? -
CORRECT ANSWERS Premiums are waived until the payor recovers or the insured child
reaches a certain age (e.g., 21 or 25), whichever occurs first.
What does the employer own under a group insurance plan? - CORRECT ANSWERS the
master policy
In which of the following areas may a life insurance underwriter discriminate in determining
policy eligibility and coverage limits? - CORRECT ANSWERS personal health history
Which of the following statements regarding the life insurance needs analysis is correct? -
CORRECT ANSWERS Determining the ongoing income needs of surviving dependents is a
critical part of the needs approach to life insurance needs analysis.
All of the following statements regarding the career agency distribution system are correct
EXCEPT: - CORRECT ANSWERS Personal producing general agents (PPGAs) are commonly
hired to manage career agencies
Which of the following is NOT an unfair claims settlement practice if committed by an
insurance company in Nebraska? - CORRECT ANSWERS failing to promptly settle a claim for
which liability is uncertain
100% VERIFIED/DETAILED ANSWERED QUESTIONS
A COMPLETE EXAM SOLUTION THAT COVERS
2024/2025 BEST RATED TO SCORE A+ FOR PASS
When completing an application for life insurance, Andrew states that he is 39 years old,
though he is actually 45. When the insurer discovers this, what will it probably do? -
CORRECT ANSWERS adjusted the benefits
When underwriting a group life insurance policy, which of the following does the
underwriter look at? - CORRECT ANSWERS the group as a whole
Alana let her life insurance policy lapse two years ago and now wants to reinstate the policy.
Which action is she NOT required to take to reinstate the policy? - CORRECT ANSWERS pay
the next year's premium in advance
A long-term care insurance policy issued in Nebraska cannot exclude coverage or limit
benefits for which of the following? - CORRECT ANSWERS Alzheimer's disease
What happens if the provisions of an insurer's health insurance policies contradict state law?
- CORRECT ANSWERS The provisions are changed automatically to comply with the law.
Whether a variable annuity's monthly income rises, falls, or stays level depends largely on
which of the following? - CORRECT ANSWERS the assumed interest rate (AIR) selected by
the contract owner
Producers and insurers selling Medicare supplement insurance policies are prohibited from
engaging in all of the following acts EXCEPT: - CORRECT ANSWERS replacement
Jessica, age 48, owns a traditional IRA that she funded with tax-deducted contributions and
which is now worth $300,000. Which of the following correctly describes the tax
consequences of converting her IRA to a Roth IRA? - CORRECT ANSWERS She would have to
pay income taxes on the entire $300,000.
What kind of insurance policy pays benefits to the business owner if an essential manager
were to become disabled? - CORRECT ANSWERS key person disability income insurance
,NEBRASKA LIFE AND HEALTH LICENSE EXAM WITH
100% VERIFIED/DETAILED ANSWERED QUESTIONS
A COMPLETE EXAM SOLUTION THAT COVERS
2024/2025 BEST RATED TO SCORE A+ FOR PASS
If Jack takes a new job that is less hazardous than the job he had when he obtained health
coverage, what may the insurer do? - CORRECT ANSWERS reduce the premium
Dan owns a fixed whole life insurance policy. What type of death benefit is Dan guaranteed?
- CORRECT ANSWERS the policy guarantees a fixed death benefit amount.
Ralph, Jerry, and Paula are primary and equal beneficiaries of the $600,000 insurance policy
on the life of their mother, Judy. Ralph dies before his mother. He leaves two children, Tim
and Hal. Judy's life insurance policy designates the death benefit per capita. How will the
insurer distribute the policy benefits? - CORRECT ANSWERS Jerry and Paula will each receive
$300,000
For Social Security purposes, Brian is considered currently insured while Samantha is fully
insured. Which of the following statements is correct? - CORRECT ANSWERS Samantha is
eligible for more Social Security benefits than Brian
When she applied for an individual health insurance policy, Betty neglected to disclose that
her parents had undergone open-heart surgery many years ago. Her insurer discovers this
misstatement four years after the effective date of coverage. What can it do? - CORRECT
ANSWERS nothing
Why does an insurer require that a certain percentage of eligible members participate in a
group health insurance plan? - CORRECT ANSWERS to protect the insurer from adverse
selection
Which of the following statements about a Medicare supplement policy is NOT correct? -
CORRECT ANSWERS It can indemnify against loss from illness on a different basis than loss
from accident.
Which statement is true under a split-dollar life insurance plan? - CORRECT ANSWERS The
employer and employee split the premiums.
, NEBRASKA LIFE AND HEALTH LICENSE EXAM WITH
100% VERIFIED/DETAILED ANSWERED QUESTIONS
A COMPLETE EXAM SOLUTION THAT COVERS
2024/2025 BEST RATED TO SCORE A+ FOR PASS
Laura was injured in an accident. She incurred $1,000 in medical bills. Even though she was
not disabled or lost any income, her disability income policy paid for these expenses because
it has: - CORRECT ANSWERS a nondisabling injury provision
What do covered employees receive to show they have coverage under a group life
insurance policy? - CORRECT ANSWERS certificate of insurance
Under the payor benefit rider of a juvenile life insurance policy, which of the following
happens if the payor becomes disabled before the maximum age specified in the rider? -
CORRECT ANSWERS Premiums are waived until the payor recovers or the insured child
reaches a certain age (e.g., 21 or 25), whichever occurs first.
What does the employer own under a group insurance plan? - CORRECT ANSWERS the
master policy
In which of the following areas may a life insurance underwriter discriminate in determining
policy eligibility and coverage limits? - CORRECT ANSWERS personal health history
Which of the following statements regarding the life insurance needs analysis is correct? -
CORRECT ANSWERS Determining the ongoing income needs of surviving dependents is a
critical part of the needs approach to life insurance needs analysis.
All of the following statements regarding the career agency distribution system are correct
EXCEPT: - CORRECT ANSWERS Personal producing general agents (PPGAs) are commonly
hired to manage career agencies
Which of the following is NOT an unfair claims settlement practice if committed by an
insurance company in Nebraska? - CORRECT ANSWERS failing to promptly settle a claim for
which liability is uncertain
