Kentucky Life & Health Insurance Exam Practice Questions with Verified Answers | Latest 2025/2026.

Kentucky Life & Health Insurance i,- i,- i,- i,- i,-




Exam Practice Questions with Verified
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Answers | Latest 2025/2026. i,- i,- i,-




A husband and wife own a life insurance policy with their son
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named as beneficiary. The wife dies first, followed by the husband
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5 years later. Their son receives the policy's face amount after his
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father dies. What type of policy was owned?
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i,- Family Maintenance i,-




i,- Dual Life
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i,- Joint Life
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i,- Survivorship Life i,- i,-i,- i,- survivorship life i,-




When a premium payment for a life insurance policy is missed,
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what provision will dictate the actions taken by the insurer?
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i,- Reinstatement clause i,-




i,- Grace Period clause
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i,- Premium Mode clause i,- i,-




i,- Incontestable clause i,- i,-i,- i,- Grace period clause i,- i,-

,What kind of premium does a Whole Life policy have?
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i,- decreasing
i,- adjustable
i,- level
i,- deferred i,-i,- i,- Level


All of the following are proper funding vehicles in a qualified
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plan, EXCEPT? i,-




i,- Annuity
i,- Mutual Fund i,-




i,- Stock
i,- Life Insurance
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All of the following statements about Major Medical benefits are
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true, EXCEPT: i,- i,-




The deductible can be expressed as a fixed dollar amount
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The benefit period begins only after a specified amount of
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expenses have accrued i,- i,-

,Benefits are generally expressed as a percentage of eligible
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expenses
Benefits have no maximum limit i,- i,- i,- i,- i,-i,- i,- benefits have no maximum i,- i,- i,- i,-



limit


Which of these documents is signed by an applicant at policy
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delivery that certifies no change in health has occurred since the
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original application date? i,- i,- i,-




i,- Binding receipt i,-




i,- Good health statement
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i,- Agent's report i,-




i,- MIB disclosurei,- i,-i,- i,-




The reason for backdating a policy is:
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to avoid being considered a substandard risk due to a recent
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cancer diagnosis i,-




i,- to obtain a premium rate based on an earlier age
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i,- to decrease the face amount
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i,- to decrease the Contestable period
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, A producer who guarantees the payment of dividends by a policy
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of insurance has engaged in:
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i,- Twisting
i,- Misrepresentation
i,- Defamation
i,- Rebating i,-i,- i,- misrepresentation


Life insurance underwriting would consider which of these factors
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as unimportant?
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i,- Age of the applicant
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i,- Weight of the applicant i,- i,- i,-




i,- Marital status of the applicant
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i,- Gender of the applicant i,- i,- i,- i,-i,- i,- Marital status of the applicant
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The inducement of an insured to lapse, forfeit, or surrender an
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insurance policy by misrepresentation or misleading comparisons,
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in order to write a new policy, is known as:
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i,- Rebating