CONNECTICUT LIFE AND HEALTH INSURANCE
EXAM BANK 2025 | ACCURATE CURRENTLY
TESTING REAL EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS | ALREADY GRADED A+ |
EXPERT GUARANTEED PASS
A television advertisement features a health insurance product that is endorsed
by a specific group. In this advertisement, - ✔✔✔ Correct Answer > Any control
by the insurer over this group must be disclosed. If a group endorses a health
insurance plan product in an advertisement, the public must be made aware of
any control by the insurer over the group.
A producer has indicated to a potential client that the proposed life insurance is
covered by the Connecticut Life and Health Insurance Guaranty Association. This
action taken by the producer is - ✔✔✔ Correct Answer > "Prohibited by law".
Pointing out to a prospective client that the life insurance policy you are
presenting is covered by the Connecticut Life and Health Guaranty Association is
prohibited by law.
A life insurance policy provision that has the ability to reduce the death benefit is
called the - ✔✔✔ Correct Answer > Accelerated (living) benefit. Whatever
amount is withdrawn from an accelerated benefit will be deducted from the
face amount when death occurs.
Which of the following does NOT involve a life settlement transaction? - ✔✔✔
Correct Answer > Converting term life coverage to whole life insurance. the
,business of life settlements includes all of these except "Converting term life
coverage to whole life insurance.
Life settlement brokers are NOT allowed to - ✔✔✔ Correct Answer > Complete
transactions prior to being approved for a license. Life settlement brokers need
to be licensed before conducting any life settlement transactions. the exception
to this would be certain eligible financial professionals.
A producer must complete-credit hours of continuing education for each licensing
period. - ✔✔✔ Correct Answer > 24 hours. All insurance agents must
successfully complete 24 credit hours of continuing education every 2 years,
prior to license renewal. Three of those hours must be in ethics.
An officer for a corporation takes out numerous unsecured loans from the
company's qualified retirement plan. Which of these rules is the plan in violation
of? - ✔✔✔ Correct Answer > Exclusive benefit rule. The assets held in a
company's qualified retirement plan must be maintained for the exclusive
benefit of the employees and their beneficiaries.
A source of supplemental income for a life insurance policyowner can be derived
from the - ✔✔✔ Correct Answer > Cash value. Cash value may be used as a
source to supplement a policyowner's income.
Purchasing insurance is an example of risk - ✔✔✔ Correct Answer >
Transference. Purchasing insurance is an example of risk transference.
Which statement best describes a single premium whole life policy? - ✔✔✔
Correct Answer > Paid-up policy that offers lifetime protection. A single
premium whole life policy provides protection for life as a paid-up policy.
, Which of the following situations would allow funds to be deposited into a
rollover IRA? - ✔✔✔ Correct Answer > An employee quits her job and receives
$50,000 from her qualified plan.
Medical costs in birthing centers are lowered by using - ✔✔✔ Correct Answer >
Certified nurse midwives. Birthing centers reduce medical costs through the use
of certified nurse midwives.
What is a a "functional assessment" for long-term care benefits? - ✔✔✔ Correct
Answer > A review of the insured's ability to perform the activities of daily
living. A "functional assessment" determines the insured's ability to perform the
activities of daily living (ADLs)
John bought a deferred annuity on Mary. John amends the contract years later to
name Tom as the recipient of the proceeds if Mary dies. Who is the annuitant for
this contract? - ✔✔✔ Correct Answer > Mary. In this situation, Mary is the
annuitant because that is where the proceeds of the annuity will be directed.
When does the producer give a premium receipt for a life insurance application? -
✔✔✔ Correct Answer > "When the initial premium has been paid with the
application". A premium receipt is given to an applicant when the initial
premium is paid with the application.
Which statement is true regarding hospital preadmission certification for
emergency situations? - ✔✔✔ Correct Answer > Notification is required to be
given after insured is admitted to the hospital. Hospital preadmission
certification typically requires notification to be given after the patient is
EXAM BANK 2025 | ACCURATE CURRENTLY
TESTING REAL EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS | ALREADY GRADED A+ |
EXPERT GUARANTEED PASS
A television advertisement features a health insurance product that is endorsed
by a specific group. In this advertisement, - ✔✔✔ Correct Answer > Any control
by the insurer over this group must be disclosed. If a group endorses a health
insurance plan product in an advertisement, the public must be made aware of
any control by the insurer over the group.
A producer has indicated to a potential client that the proposed life insurance is
covered by the Connecticut Life and Health Insurance Guaranty Association. This
action taken by the producer is - ✔✔✔ Correct Answer > "Prohibited by law".
Pointing out to a prospective client that the life insurance policy you are
presenting is covered by the Connecticut Life and Health Guaranty Association is
prohibited by law.
A life insurance policy provision that has the ability to reduce the death benefit is
called the - ✔✔✔ Correct Answer > Accelerated (living) benefit. Whatever
amount is withdrawn from an accelerated benefit will be deducted from the
face amount when death occurs.
Which of the following does NOT involve a life settlement transaction? - ✔✔✔
Correct Answer > Converting term life coverage to whole life insurance. the
,business of life settlements includes all of these except "Converting term life
coverage to whole life insurance.
Life settlement brokers are NOT allowed to - ✔✔✔ Correct Answer > Complete
transactions prior to being approved for a license. Life settlement brokers need
to be licensed before conducting any life settlement transactions. the exception
to this would be certain eligible financial professionals.
A producer must complete-credit hours of continuing education for each licensing
period. - ✔✔✔ Correct Answer > 24 hours. All insurance agents must
successfully complete 24 credit hours of continuing education every 2 years,
prior to license renewal. Three of those hours must be in ethics.
An officer for a corporation takes out numerous unsecured loans from the
company's qualified retirement plan. Which of these rules is the plan in violation
of? - ✔✔✔ Correct Answer > Exclusive benefit rule. The assets held in a
company's qualified retirement plan must be maintained for the exclusive
benefit of the employees and their beneficiaries.
A source of supplemental income for a life insurance policyowner can be derived
from the - ✔✔✔ Correct Answer > Cash value. Cash value may be used as a
source to supplement a policyowner's income.
Purchasing insurance is an example of risk - ✔✔✔ Correct Answer >
Transference. Purchasing insurance is an example of risk transference.
Which statement best describes a single premium whole life policy? - ✔✔✔
Correct Answer > Paid-up policy that offers lifetime protection. A single
premium whole life policy provides protection for life as a paid-up policy.
, Which of the following situations would allow funds to be deposited into a
rollover IRA? - ✔✔✔ Correct Answer > An employee quits her job and receives
$50,000 from her qualified plan.
Medical costs in birthing centers are lowered by using - ✔✔✔ Correct Answer >
Certified nurse midwives. Birthing centers reduce medical costs through the use
of certified nurse midwives.
What is a a "functional assessment" for long-term care benefits? - ✔✔✔ Correct
Answer > A review of the insured's ability to perform the activities of daily
living. A "functional assessment" determines the insured's ability to perform the
activities of daily living (ADLs)
John bought a deferred annuity on Mary. John amends the contract years later to
name Tom as the recipient of the proceeds if Mary dies. Who is the annuitant for
this contract? - ✔✔✔ Correct Answer > Mary. In this situation, Mary is the
annuitant because that is where the proceeds of the annuity will be directed.
When does the producer give a premium receipt for a life insurance application? -
✔✔✔ Correct Answer > "When the initial premium has been paid with the
application". A premium receipt is given to an applicant when the initial
premium is paid with the application.
Which statement is true regarding hospital preadmission certification for
emergency situations? - ✔✔✔ Correct Answer > Notification is required to be
given after insured is admitted to the hospital. Hospital preadmission
certification typically requires notification to be given after the patient is
