Nevadal Lifel andl Healthl Insurancel Examl
(2025/l 2026l Update)l Questionsl &l
Answers|l Gradel A|l 100%l Correctl
(Verifiedl Solution)
Q:l Whichl ofl thel followingl isl NOTl truel regardingl Equityl Indexedl Annuities?
Answer:
Theyl earnl lowerl interestl ratesl thanl fixedl annuities
Q:l Underwritingl al groupl healthl insurancel planl thatl isl paidl forl byl thel employerl
requiresl alll ofl thel followingl EXCEPT
Answer:
Individuall membersl ofl thel groupl mayl selectl thel levell ofl benefitsl forl theirl ownl
coverage
Q:l Tol bel eligiblel forl al Healthl Savingsl Account,l anl individuall mustl bel coveredl byl a
Answer:
High-deductiblel healthl plan
Q:l Whichl policyl componentl decreasesl inl decreasingl terml insurance?
Answer:
Facel amount
,Q:l Whichl ofl thel followingl isl NOTl coveredl underl al long-terml carel policy?
Answer:
Acutel carel inl al hospital
Q:l Whichl ofl thel following,l whenl attachedl tol al permanentl lifel insurancel policy,l
allowsl thel policyownerl tol customizel thel policyl tol providel anl additionall amountl ofl
temporaryl insurancel onl thel insured,l orl allowsl amountsl ofl temporaryl insurancel tol coverl
otherl familyl members?
Answer:
Terml rider
Q:l Anl individuall hasl beenl makingl periodicl premiuml paymentsl onl anl annuity.l Thel
annuityl incomel paymentsl arel schedulesl tol beginl afterl 1l yearl sincel thel annuityl wasl
purchasedl whatl typel ofl annuityl isl it?
Answer:
Deferred
Q:l Whatl amountl ofl carel isl providedl inl LTC'sl intermediatel care?
Answer:
Dailyl carel byl medicall personnel
,Q:l Whatl isl thel maximuml amountl thatl thel Nevadal Lifel &l Healthl Insurancel Guarantyl
Associationl mayl bel obligatedl tol payl withl respectl tol majorl medicall insurancel forl onel
life?
Answer:
$500,000
Q:l Al lifel producerl applyingl forl al viaticall settlementl brokerl licensel mayl bel exemptl
froml thel prelicensingl educationl andl examinationl requirementl ifl thel producerl hasl heldl
anl activel lifel licensel forl atl leastl howl manyl years?
Answer:
1l year
Q:l Anl insuredl hasl chosenl jointl andl 2/3l survivorl asl thel settlementl option.l Whatl doesl
thisl meanl tol thel beneficiaries?
Answer:
Thel survivingl beneficiaryl willl continuel receivingl 2/3l ofl thel benefitl paidl whenl bothl
beneficiariesl werel alive
Q:l Whatl typel ofl insurancel wouldl bel usedl forl al Returnl ofl Premiuml rider?
Answer:
Increasingl term
Q:l Al producerl isl helpingl al marriedl couplel determinel thel financiall needsl ofl theirl
childrenl inl thel eventl onel orl bothl shouldl diel prematurely
, Answer:
Survivorl protection
Q:l Al corporationl isl thel ownerl ofl thel beneficiaryl ofl thel keyl persionl lifel policy.l Ifl
thel corporationl collectl thel policyl benefit,l then
Answer:
Thel benefitl receivedl isl taxl free
Q:l Thel premiuml chargedl forl exercisingl thel Guaranteedl Insurabilityl Riderl isl basedl
uponl thel insured's
Answer:
Attainedl age
Q:l Whichl healthl insurancel provisionl describesl thel insured'sl rightl tol cancell coverage?
Answer:
renewall provision
Q:l Whichl ofl thel followingl ridersl wouldl NOTl increasel thel premiuml forl al
policyowner?
Answer:
Impairmentl rider
(2025/l 2026l Update)l Questionsl &l
Answers|l Gradel A|l 100%l Correctl
(Verifiedl Solution)
Q:l Whichl ofl thel followingl isl NOTl truel regardingl Equityl Indexedl Annuities?
Answer:
Theyl earnl lowerl interestl ratesl thanl fixedl annuities
Q:l Underwritingl al groupl healthl insurancel planl thatl isl paidl forl byl thel employerl
requiresl alll ofl thel followingl EXCEPT
Answer:
Individuall membersl ofl thel groupl mayl selectl thel levell ofl benefitsl forl theirl ownl
coverage
Q:l Tol bel eligiblel forl al Healthl Savingsl Account,l anl individuall mustl bel coveredl byl a
Answer:
High-deductiblel healthl plan
Q:l Whichl policyl componentl decreasesl inl decreasingl terml insurance?
Answer:
Facel amount
,Q:l Whichl ofl thel followingl isl NOTl coveredl underl al long-terml carel policy?
Answer:
Acutel carel inl al hospital
Q:l Whichl ofl thel following,l whenl attachedl tol al permanentl lifel insurancel policy,l
allowsl thel policyownerl tol customizel thel policyl tol providel anl additionall amountl ofl
temporaryl insurancel onl thel insured,l orl allowsl amountsl ofl temporaryl insurancel tol coverl
otherl familyl members?
Answer:
Terml rider
Q:l Anl individuall hasl beenl makingl periodicl premiuml paymentsl onl anl annuity.l Thel
annuityl incomel paymentsl arel schedulesl tol beginl afterl 1l yearl sincel thel annuityl wasl
purchasedl whatl typel ofl annuityl isl it?
Answer:
Deferred
Q:l Whatl amountl ofl carel isl providedl inl LTC'sl intermediatel care?
Answer:
Dailyl carel byl medicall personnel
,Q:l Whatl isl thel maximuml amountl thatl thel Nevadal Lifel &l Healthl Insurancel Guarantyl
Associationl mayl bel obligatedl tol payl withl respectl tol majorl medicall insurancel forl onel
life?
Answer:
$500,000
Q:l Al lifel producerl applyingl forl al viaticall settlementl brokerl licensel mayl bel exemptl
froml thel prelicensingl educationl andl examinationl requirementl ifl thel producerl hasl heldl
anl activel lifel licensel forl atl leastl howl manyl years?
Answer:
1l year
Q:l Anl insuredl hasl chosenl jointl andl 2/3l survivorl asl thel settlementl option.l Whatl doesl
thisl meanl tol thel beneficiaries?
Answer:
Thel survivingl beneficiaryl willl continuel receivingl 2/3l ofl thel benefitl paidl whenl bothl
beneficiariesl werel alive
Q:l Whatl typel ofl insurancel wouldl bel usedl forl al Returnl ofl Premiuml rider?
Answer:
Increasingl term
Q:l Al producerl isl helpingl al marriedl couplel determinel thel financiall needsl ofl theirl
childrenl inl thel eventl onel orl bothl shouldl diel prematurely
, Answer:
Survivorl protection
Q:l Al corporationl isl thel ownerl ofl thel beneficiaryl ofl thel keyl persionl lifel policy.l Ifl
thel corporationl collectl thel policyl benefit,l then
Answer:
Thel benefitl receivedl isl taxl free
Q:l Thel premiuml chargedl forl exercisingl thel Guaranteedl Insurabilityl Riderl isl basedl
uponl thel insured's
Answer:
Attainedl age
Q:l Whichl healthl insurancel provisionl describesl thel insured'sl rightl tol cancell coverage?
Answer:
renewall provision
Q:l Whichl ofl thel followingl ridersl wouldl NOTl increasel thel premiuml forl al
policyowner?
Answer:
Impairmentl rider
