NEBRASKA LIFE AND HEALTH CORE EXAM SET 2025/2026
QUESTIONS WITH SOLUTIONS RATED A+
✔✔Which of the following would NOT be appropriate for an immediate annuity? - ✔✔A
parent saving for a child's college
✔✔How long does one premium-payment cover in a single premium whole life policy? -
✔✔Full life of the policy
✔✔Medicare supplement insurance that provide a preventative medical care benefit will
often cover - ✔✔Yearly physical examinations
✔✔Which action will trigger a penalty tax on premature distribution from a modified
endowment contract (MEC) - ✔✔Policy loans
✔✔A handicapped child is covered under an individual sickness and health policy. If
continuation of coverage is needed beyond the policy's age limits, which of the following
is required? - ✔✔Proof of incapacity and dependency upon reaching the age limit.
✔✔A television advertisement features a sickness and accident insurance product that
is endorsed by a specific group. In this advertisement, - ✔✔Any control by the insurer
over this group must be disclosed
✔✔What is the best way to define life insurance replacement? - ✔✔A transaction in
which a new life insurance policy is purchased and an existing life insurance policy is
surrendered
✔✔First-time homebuyers are able to withdraw up to how much from their qualified
IRAs without incurring the 10% early withdraw penalty? - ✔✔$10,000
✔✔Which of these is NOT an Unfair Claims Settlement Practice? - ✔✔Refusing to pay
persons bringing a false or fraudulent claims
✔✔Which of these is NOT a true statement of the war exclusion? - ✔✔It applies to civil
insurrections
✔✔Under which circumstance does an accident and health insurer have the right to
request an autopsy? - ✔✔When not prohibited by state law
✔✔Which of these policies is considered a whole life policy? - ✔✔Single premium life
, ✔✔Rick provides a notice of claim to his sickness and accident insurer. If he does not
recurve a claim form within 15 days, he may comply with the proof of loss provision by -
✔✔Submitting written proof of loss
✔✔The authority for a producer to bind an insurer to an insurance contract is found in
the - ✔✔Producer's appointment
✔✔Which individual would be suited for Medicare Supplement insurance? -
✔✔Medicare enrollee
✔✔In Nebraska, qualified long-term care plans require the following EXCEPT - ✔✔At
least 3 days of prior hospitalization
✔✔In Nebraska, a small group sickness & accident coverage can be terminated in each
of the following circumstances EXCEPT - ✔✔Timely payment of premium
✔✔The initial premium for a life insurance policy is typically paid in what way? - ✔✔It is
typically obtained by the producer and forwarded to the insurer
✔✔Which situation does NOT require the insured's consent with an insurance policy is
issued? - ✔✔A policy is purchased by a parent for a minor child
✔✔During the sale of a life insurance policy, a producer may provide an incomplete
illustration - ✔✔NEVER
✔✔Which of the following would most likely purchase an immediate annuity? -
✔✔Retiree having a lump sum to invest
✔✔An insured must be notified in writing within how many days or any change of
ownership for a viatical settlement - ✔✔20
✔✔How may an insurance company classify an accidental death benefit on a life
policy? - ✔✔As an optional policy rider
✔✔Voluntarily terminating an insurance policy is also known as - ✔✔cancellation
✔✔Omar is covered by a disability income policy. He is hurt while performing an
occupation more hazardous than the occupation listed in his policy. The policy's change
of occupation provision will have what effect? - ✔✔Reduce the benefit level
✔✔Group accident and health insurance may be offered by an insurer when the
sponsoring group - ✔✔provides an employer-employee relationship
QUESTIONS WITH SOLUTIONS RATED A+
✔✔Which of the following would NOT be appropriate for an immediate annuity? - ✔✔A
parent saving for a child's college
✔✔How long does one premium-payment cover in a single premium whole life policy? -
✔✔Full life of the policy
✔✔Medicare supplement insurance that provide a preventative medical care benefit will
often cover - ✔✔Yearly physical examinations
✔✔Which action will trigger a penalty tax on premature distribution from a modified
endowment contract (MEC) - ✔✔Policy loans
✔✔A handicapped child is covered under an individual sickness and health policy. If
continuation of coverage is needed beyond the policy's age limits, which of the following
is required? - ✔✔Proof of incapacity and dependency upon reaching the age limit.
✔✔A television advertisement features a sickness and accident insurance product that
is endorsed by a specific group. In this advertisement, - ✔✔Any control by the insurer
over this group must be disclosed
✔✔What is the best way to define life insurance replacement? - ✔✔A transaction in
which a new life insurance policy is purchased and an existing life insurance policy is
surrendered
✔✔First-time homebuyers are able to withdraw up to how much from their qualified
IRAs without incurring the 10% early withdraw penalty? - ✔✔$10,000
✔✔Which of these is NOT an Unfair Claims Settlement Practice? - ✔✔Refusing to pay
persons bringing a false or fraudulent claims
✔✔Which of these is NOT a true statement of the war exclusion? - ✔✔It applies to civil
insurrections
✔✔Under which circumstance does an accident and health insurer have the right to
request an autopsy? - ✔✔When not prohibited by state law
✔✔Which of these policies is considered a whole life policy? - ✔✔Single premium life
, ✔✔Rick provides a notice of claim to his sickness and accident insurer. If he does not
recurve a claim form within 15 days, he may comply with the proof of loss provision by -
✔✔Submitting written proof of loss
✔✔The authority for a producer to bind an insurer to an insurance contract is found in
the - ✔✔Producer's appointment
✔✔Which individual would be suited for Medicare Supplement insurance? -
✔✔Medicare enrollee
✔✔In Nebraska, qualified long-term care plans require the following EXCEPT - ✔✔At
least 3 days of prior hospitalization
✔✔In Nebraska, a small group sickness & accident coverage can be terminated in each
of the following circumstances EXCEPT - ✔✔Timely payment of premium
✔✔The initial premium for a life insurance policy is typically paid in what way? - ✔✔It is
typically obtained by the producer and forwarded to the insurer
✔✔Which situation does NOT require the insured's consent with an insurance policy is
issued? - ✔✔A policy is purchased by a parent for a minor child
✔✔During the sale of a life insurance policy, a producer may provide an incomplete
illustration - ✔✔NEVER
✔✔Which of the following would most likely purchase an immediate annuity? -
✔✔Retiree having a lump sum to invest
✔✔An insured must be notified in writing within how many days or any change of
ownership for a viatical settlement - ✔✔20
✔✔How may an insurance company classify an accidental death benefit on a life
policy? - ✔✔As an optional policy rider
✔✔Voluntarily terminating an insurance policy is also known as - ✔✔cancellation
✔✔Omar is covered by a disability income policy. He is hurt while performing an
occupation more hazardous than the occupation listed in his policy. The policy's change
of occupation provision will have what effect? - ✔✔Reduce the benefit level
✔✔Group accident and health insurance may be offered by an insurer when the
sponsoring group - ✔✔provides an employer-employee relationship
