LIFE & HEALTH INSURANCE AGENT PRACTICE EXAM Kit- 350 Questions with Fully Explained Answers ALL WHAT YOU NEED TO KNOW

LIFE & HEALTH INSURANCE AGENT PRACTICE EXAM Kit- 350 Questions with Fully Explained Answers ALL WHAT YOU NEED TO KNOW TABLE OF CONTENTS Introduction / Review Practice Exam Questions Life Insurance Section 1 – General Life Insurance Basics, Insurable Interest, Parties and Regulations Section 2 – Types of Life Insurance Policies and Individual versus Group Life Insurance Section 3 – Life Insurance Application and Underwriting Section 4 – Selling Life Insurance, Determining Coverage Needs and Issuance and Delivery Section 5 – Life Insurance for Business Owners and in Estate Planning Section 6 – Policy Components, Riders and Non-forfeiture Options Section 7 – Claims, Settlement Options and Tax Concepts Section 8 – Living Benefits and Viatical and Life Settlements Health Insurance Section 9 – General Health Insurance Basics, Regulation and Social Health Insurance Section 10 – Types of Health Insurance Policies and HMO and PPO Section 11 – Health Insurance Policy Components and Exclusions Section 12 – Selling Health Insurance, Issuance and Delivery and Tax Considerations Section 13 – Deductibles and Copayments Section 14 – Health Insurance Claims and Indemnity vs. Reimbursement Section 15 – Disability and Related Insurance and Seniors and Special Needs Individuals Miscellaneous Section 16 – Risk Management and Legal Concepts Section 17 – Types of Insurance Entities and HIPPA Section 18 – Fraud and Unauthorized Entities Section 19 – Affordable Care Act Practice Exam Answers Practice Exam Questions with Answers Test Preparation and Test Taking Tips Bubble Sheet 50 State Life and Health Insurance Agent Exam Guide Life and Health Insurance Agent Exam Review While most people do not like to dwell on unexpected perils that can occur, the probability of such incidents happening must be properly prepared for. Insurance can provide both individuals and businesses protection against the financial loss that may result from accidents, illnesses, death, and other types of covered situations. Because insurance is a complex product, agents who are involved in selling such policies are required to have an in-depth understanding of how insurance works as well as understand which types of coverage will best fit the particular needs of their clients. As an insurance agent, one is allowed to offer many different lines of coverage – provided that the required training and testing qualifications have been met. Those who wish to sell life and health insurance are required to posses the proper licensing for each state in which they conduct business. In order to obtain a life and health insurance license, individuals must take and successfully pass an exam that is offered by the state licensing boards. Insurance agents and companies have been regulated by the states in which they sell insurance products and by the U.S. government for many years for the purpose of consumer protection. In addition, all insurers must possess an appropriate amount of surplus funds in order to pay the potential future claims of their policy holders. Each of the 50 states has its own specific insurance licensing and testing functions, and all require some amount of pre-licensing education. Different lines of insurance are tested separately, therefore the passing of the Life & Health Insurance exam will only allow an agent to offer and sell life and health insurance related products. A life and health insurance license will typically allow an agent to offer and sell the following products to their clients:........