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Nevada Life and Health Exam Simulator
(200 Questions) 2025/2026 Exam All
Answers and Illustrations Given
Z owns a disability income policy with a 30 day elimination period. Z contracts
pneumonia that leaves him unable to work from January 1 until January 15. He
then becomes disabled from an accident on February 1 and the disability last until
July 1 the same year. She will become eligible to receive benefits starting on? - 🧠
ANSWER ✔✔March 1.
The elimination period is the period of time between the onset of a disability, and
the time you're eligible for benefits. It is best thought of as a deductible. For your
policy. After a 30 day elimination. Z will become eligible for receiving benefits on
March 1.
Which of the following best describes how pre-administration certifications are
used? - 🧠 ANSWER ✔✔Used to prevent nonessential medical costs.
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
Pre-administration certification is used to prevent unnecessary medical costs
When an insurance company sends a policy to the insured with an attached
application, the element that makes the application part of the contract between the
insured and the insurer is called: - 🧠 ANSWER ✔✔Entire Contract provision
At the age of 45, an individual with draws $50,000 from his qualified profit-
sharing plan and then deposit this amount into a personal savings account. This
action would result in: - 🧠 ANSWER ✔✔Income tax and a 10% penalty assessed
upon funds withdrawn from the qualified plan.
The IRS says that withdraws of funds from a profit sharing plan may be subject to
a 10% tax penalty in addition to income taxes if they are made before the age of 59
1/2. This same early withdrawal penalty applies to funds taken out of for 401(k)
plans and traditional individual retirement accounts.
If, at a time of an insured's death, the insurance company discovers that the
insured's age was missed stated on the application for life insurance, the company
will most likely: - 🧠 ANSWER ✔✔Pay the policy proceeds in the amount the
premiums would have purchased at the intrudes actual age
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 3
An insurance company must clearly specify questions design to obtain information
solely for marketing research: - 🧠 ANSWER ✔✔In any insurance transaction.
An insurance company must clearly specify questions designed to obtain
information for marketing research in any insurance transaction.
What foremost an applicant be provided with prior to policy delivery if it's
replacing an existing health policy? - 🧠 ANSWER ✔✔Notice regarding
replacement.
Health insurance application forms must contain a question asking the applicant
whether the policy being applied for is intended to replace a health policy currently
in force. If so the agent must provide the applicant with a notice regarding
replacement prior to delivering the policy.
A variable insurance policy: - 🧠 ANSWER ✔✔Does not guarantee a return of its
investment accounts.
In contrast variable insurance products do not guarantee contract cash values, and
it is the policy owner who assumes the investment risk. Variable life insurance
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
Nevada Life and Health Exam Simulator
(200 Questions) 2025/2026 Exam All
Answers and Illustrations Given
Z owns a disability income policy with a 30 day elimination period. Z contracts
pneumonia that leaves him unable to work from January 1 until January 15. He
then becomes disabled from an accident on February 1 and the disability last until
July 1 the same year. She will become eligible to receive benefits starting on? - 🧠
ANSWER ✔✔March 1.
The elimination period is the period of time between the onset of a disability, and
the time you're eligible for benefits. It is best thought of as a deductible. For your
policy. After a 30 day elimination. Z will become eligible for receiving benefits on
March 1.
Which of the following best describes how pre-administration certifications are
used? - 🧠 ANSWER ✔✔Used to prevent nonessential medical costs.
1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,2
Pre-administration certification is used to prevent unnecessary medical costs
When an insurance company sends a policy to the insured with an attached
application, the element that makes the application part of the contract between the
insured and the insurer is called: - 🧠 ANSWER ✔✔Entire Contract provision
At the age of 45, an individual with draws $50,000 from his qualified profit-
sharing plan and then deposit this amount into a personal savings account. This
action would result in: - 🧠 ANSWER ✔✔Income tax and a 10% penalty assessed
upon funds withdrawn from the qualified plan.
The IRS says that withdraws of funds from a profit sharing plan may be subject to
a 10% tax penalty in addition to income taxes if they are made before the age of 59
1/2. This same early withdrawal penalty applies to funds taken out of for 401(k)
plans and traditional individual retirement accounts.
If, at a time of an insured's death, the insurance company discovers that the
insured's age was missed stated on the application for life insurance, the company
will most likely: - 🧠 ANSWER ✔✔Pay the policy proceeds in the amount the
premiums would have purchased at the intrudes actual age
2
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 3
An insurance company must clearly specify questions design to obtain information
solely for marketing research: - 🧠 ANSWER ✔✔In any insurance transaction.
An insurance company must clearly specify questions designed to obtain
information for marketing research in any insurance transaction.
What foremost an applicant be provided with prior to policy delivery if it's
replacing an existing health policy? - 🧠 ANSWER ✔✔Notice regarding
replacement.
Health insurance application forms must contain a question asking the applicant
whether the policy being applied for is intended to replace a health policy currently
in force. If so the agent must provide the applicant with a notice regarding
replacement prior to delivering the policy.
A variable insurance policy: - 🧠 ANSWER ✔✔Does not guarantee a return of its
investment accounts.
In contrast variable insurance products do not guarantee contract cash values, and
it is the policy owner who assumes the investment risk. Variable life insurance
3
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
