FLORIDA HEALTH AND LIFE INSURANCE
EXAM 2025 AND PRACTICE EXAM TEST
BANK | 450 ACCURATE REAL EXAM
QUESTIONS WITH VERIFIED ANSWERS |
ACCURATE FOR GUARANTEED PASS |
GRADED A
K, age 45 and his wife age 43 have 3 children. They purchase a family policy that
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covers K's wife until 65. All of these will pay a death benefit except - ANSWER>>wife
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dies at age 66
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If an individual has an Accidental Death and Dismemberment policy and dies, and
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autopsy can be performed in all these situations, EXCEPT: - ANSWER>>When the
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state prohibits this by law
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P is a producer who notices 5 questions on a life application were not answered.
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What actions should P take? - ANSWER>>Set up a meeting with the applicant to
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answer the remaining questions
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A disability elimination period is best described as a: - ANSWER>>time deductible
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Which type of insurance company allows their policyowners to elect a governing
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body? - ANSWER>>Mutual
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Two partners own equal shares in a business worth a total of $1,000,000. If they both
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commit to the purchase of a life insurance policy that will fund a Buy-Sell
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,Agreement, which of the following is TRUE? - ANSWER>>Each partner owns a L L L L L L L L L L L
$500,000 policy on their partner's life L L L L L
N is a student pilot with a large life insurance policy. Which of these features
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would limit the insurer's obligation in the event N was killed while flying as a
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student pilot? - ANSWER>>Exclusion
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Which of these types of policies may NOT have the Automatic Premium Loan
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provision attached to it? - ANSWER>>decreasing term
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A provision in a life insurance policy that pays the policyowner an amount that does
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not surpass the guaranteed cash value is called the - ANSWER>>policy loan provision
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Which rider provides coverage for a child under a parent's life insurance policy? -
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ANSWER>>child term rider
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Which of these life insurance riders allows the applicant to have excess coverage?
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- ANSWER>>term rider
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Automatic Premium Loan Provision is designed to - ANSWER>>avoid a policy lapse
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How do life insurance companies handle cases where the insured commits suicide
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within the contract's stated Contestable period? - ANSWER>>claims are denied
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under the suicide clause of the policy
L L L L L L L
,Accidental Death and Dismemberment provision in a life insurance policy would
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pay additional benefits if the insured - ANSWER>>is blinded in an accident
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All of these Settlement options involve the systematic liquidation of the death
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proceeds in the event of the insured's death EXCEPT - ANSWER>>interest only
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which of the following provisions guarantees that premiums will be waived if the
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juvenile life policy owner becomes disabled - ANSWER>>payor clause
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K pays on a $20,000 20-Year Endowment policy for 10 years and dies from an
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automobile accident. How much will the insurance company pay the beneficiary?
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- ANSWER>>20K death benefit
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the has the right to change a life insurance policy beneficiary -
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ANSWER>>policyowner
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which statement regarding the misstatement of age provision is considered to be true
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- ANSWER>>coverage will be adjusted to reflect the true age if it is discovered
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what action can a policy owner take if an application for a bank loan requires
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collateral - ANSWER>>assign policy ownership to the bank
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An insured is past due on his life insurance premium, but is still within the Grace
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Period. What will the beneficiary receive if the insured dies during this Grace Period?
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- ANSWER>>full face amount minus any past due premiums
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, The incontestable clause allows an insurer to - ANSWER>>contest a claim during
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the contestable period
L L
According to Mandatory Uniform Policy Provisions, what is the maximum amount of
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time after the premium due date during which the policy remains in force even
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though the premium has not been paid? - ANSWER>>31 days
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G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If
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G were to die at age 50, how long would G's family receive an income?
L L L L L L L L L L L L L L L
- ANSWER>>10 years
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E and F are business partners. Each takes out a $500,000 life insurance policy on the
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other, naming himself as primary beneficiary. E and F eventually terminate their
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business, and four months later E dies. Although E was married with three children at
L L L L L L L L L L L L L L L
the time of death, the primary beneficiary is still F. However, an insurable interest no
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longer exists. Where will the proceeds from E's life insurance policy be directed to? -
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ANSWER>>F
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The Health Insurance Portability and Accountability Act (HIPAA) gives privacy
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protection for: - ANSWER>>health information
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What do Dread Disease policies cover? - ANSWER>>A specific disease or illness
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When an insurance application is taken by a producer, which of these statements is
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true? - ANSWER>>Any changes made on the application require the applicant's
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initials
L
EXAM 2025 AND PRACTICE EXAM TEST
BANK | 450 ACCURATE REAL EXAM
QUESTIONS WITH VERIFIED ANSWERS |
ACCURATE FOR GUARANTEED PASS |
GRADED A
K, age 45 and his wife age 43 have 3 children. They purchase a family policy that
L L L L L L L L L L L L L L L L
covers K's wife until 65. All of these will pay a death benefit except - ANSWER>>wife
L L L L L L L L L L L L L L L
dies at age 66
L L L L
If an individual has an Accidental Death and Dismemberment policy and dies, and
L L L L L L L L L L L L
autopsy can be performed in all these situations, EXCEPT: - ANSWER>>When the
L L L L L L L L L L L L
state prohibits this by law
L L L L L
P is a producer who notices 5 questions on a life application were not answered.
L L L L L L L L L L L L L L
What actions should P take? - ANSWER>>Set up a meeting with the applicant to
L L L L L L L L L L L L L L
answer the remaining questions
L L L L
A disability elimination period is best described as a: - ANSWER>>time deductible
L L L L L L L L L L L
Which type of insurance company allows their policyowners to elect a governing
L L L L L L L L L L L
body? - ANSWER>>Mutual
L L L
Two partners own equal shares in a business worth a total of $1,000,000. If they both
L L L L L L L L L L L L L L L
commit to the purchase of a life insurance policy that will fund a Buy-Sell
L L L L L L L L L L L L L L
,Agreement, which of the following is TRUE? - ANSWER>>Each partner owns a L L L L L L L L L L L
$500,000 policy on their partner's life L L L L L
N is a student pilot with a large life insurance policy. Which of these features
L L L L L L L L L L L L L L
would limit the insurer's obligation in the event N was killed while flying as a
L L L L L L L L L L L L L L L
student pilot? - ANSWER>>Exclusion
L L L L
Which of these types of policies may NOT have the Automatic Premium Loan
L L L L L L L L L L L L
provision attached to it? - ANSWER>>decreasing term
L L L L L L L
A provision in a life insurance policy that pays the policyowner an amount that does
L L L L L L L L L L L L L L
not surpass the guaranteed cash value is called the - ANSWER>>policy loan provision
L L L L L L L L L L L L L
Which rider provides coverage for a child under a parent's life insurance policy? -
L L L L L L L L L L L L L
ANSWER>>child term rider
L L L
Which of these life insurance riders allows the applicant to have excess coverage?
L L L L L L L L L L L L
- ANSWER>>term rider
L L
Automatic Premium Loan Provision is designed to - ANSWER>>avoid a policy lapse
L L L L L L L L L L L
How do life insurance companies handle cases where the insured commits suicide
L L L L L L L L L L L
within the contract's stated Contestable period? - ANSWER>>claims are denied
L L L L L L L L L L
under the suicide clause of the policy
L L L L L L L
,Accidental Death and Dismemberment provision in a life insurance policy would
L L L L L L L L L L
pay additional benefits if the insured - ANSWER>>is blinded in an accident
L L L L L L L L L L L
All of these Settlement options involve the systematic liquidation of the death
L L L L L L L L L L L
proceeds in the event of the insured's death EXCEPT - ANSWER>>interest only
L L L L L L L L L L L L
which of the following provisions guarantees that premiums will be waived if the
L L L L L L L L L L L L
juvenile life policy owner becomes disabled - ANSWER>>payor clause
L L L L L L L L L
K pays on a $20,000 20-Year Endowment policy for 10 years and dies from an
L L L L L L L L L L L L L L
automobile accident. How much will the insurance company pay the beneficiary?
L L L L L L L L L L L
- ANSWER>>20K death benefit
L L L
the has the right to change a life insurance policy beneficiary -
L L L L L L L L L L
ANSWER>>policyowner
L
which statement regarding the misstatement of age provision is considered to be true
L L L L L L L L L L L L
- ANSWER>>coverage will be adjusted to reflect the true age if it is discovered
L L L L L L L L L L L L L L
what action can a policy owner take if an application for a bank loan requires
L L L L L L L L L L L L L L
collateral - ANSWER>>assign policy ownership to the bank
L L L L L L L L
An insured is past due on his life insurance premium, but is still within the Grace
L L L L L L L L L L L L L L L
Period. What will the beneficiary receive if the insured dies during this Grace Period?
L L L L L L L L L L L L L L
- ANSWER>>full face amount minus any past due premiums
L L L L L L L L L
, The incontestable clause allows an insurer to - ANSWER>>contest a claim during
L L L L L L L L L L L
the contestable period
L L
According to Mandatory Uniform Policy Provisions, what is the maximum amount of
L L L L L L L L L L L
time after the premium due date during which the policy remains in force even
L L L L L L L L L L L L L L
though the premium has not been paid? - ANSWER>>31 days
L L L L L L L L L L
G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If
L L L L L L L L L L L L L L L L
G were to die at age 50, how long would G's family receive an income?
L L L L L L L L L L L L L L L
- ANSWER>>10 years
L L
E and F are business partners. Each takes out a $500,000 life insurance policy on the
L L L L L L L L L L L L L L L
other, naming himself as primary beneficiary. E and F eventually terminate their
L L L L L L L L L L L L
business, and four months later E dies. Although E was married with three children at
L L L L L L L L L L L L L L L
the time of death, the primary beneficiary is still F. However, an insurable interest no
L L L L L L L L L L L L L L L
longer exists. Where will the proceeds from E's life insurance policy be directed to? -
L L L L L L L L L L L L L L L
ANSWER>>F
L
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy
L L L L L L L L L
protection for: - ANSWER>>health information
L L L L L
What do Dread Disease policies cover? - ANSWER>>A specific disease or illness
L L L L L L L L L L L
When an insurance application is taken by a producer, which of these statements is
L L L L L L L L L L L L L
true? - ANSWER>>Any changes made on the application require the applicant's
L L L L L L L L L L L
initials
L
