Final Exam – Kentucky Life & Health
2025/2026
Exam Prep Guide
(Actual Verified Questions and
Answers)
A+ Grade Guarantee
, Final Exam - Kentucky
FinalLife
Examand Health
- Kentucky Life and Health
Study online at https://quizlet.com/_cz3n0u
1. An insurance agent who replaces an existing policy by twisting
making false written or oral statements is committing
the act of:
2. Which of the following risks are insurable? pure risk
3. The federal income tax treatment of employer-pro- Employee's coverage paid
vided group health insurance can be accurately de- for by the employer is
scribed as: tax-deductible to the em-
ployer as a business ex-
penditure
4. Which approach predicts a person's earning potential Human life value ap-
and determines how much of that amount would be proach
devoted to dependents?
5. What type of society operates under a lodge system fraternal benefits
with a representative form of government and pro-
vides benefits in accordance to its chapter?
6. Which of the following statements BEST describes An insured must wait at
what the Legal Actions provision of an Accident and least 60 days after Proof
Health policy requires? of Loss has been submit-
ted before a lawsuit can be
filed
7. What does a fixed annuity offer protection against? savings depletion because
of longevity
8. J is a subscriber to plan which contracts with doctors A Health Maintenance Or-
and hospitals to provide medical benefits at a prede- ganization
termined price. What type of plan does J belong to?
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, Final Exam - Kentucky
FinalLife
Examand Health
- Kentucky Life and Health
Study online at https://quizlet.com/_cz3n0u
9. When does a Probationary Period provision become at the policy's inception
effective in a health insurance contract?
10. A product which can offer its owner a lifetime income annuity
stream is called an ____________.
11. S buys a $10,000 Whole Life policy in 2003 and pays an return premium rider
annual premium of $100. S dies 5 years later in 2008
and the insurer pays the beneficiary $10,500. What
kind of rider did S include on the policy?
12. When does the agent give a premium receipt for a life when the initial premium
insurance application? has been paid with the ap-
plication
13. A life insurance policyowner falls behind on his premi- face amount will be paid
um payments and dies during the grace period. How minus the past due premi-
will the insurer handle this claim? um
14. In a family plan, a child born after issuance of the covers begins immediate-
policy would require which of the following? ly at birth no additional
premium
15. Which of these is considered a mandatory provision? payments of claim
16. Which of these statements regarding insurance is the number of losses de-
false? crease as the number of
insured units increase
17. Which health policy clause stipulates that an insur- entire contract
ance company must attach a copy of application to the
policy to ensure that is part of the contract?
18. Local unemployment rate
www.stuvia.com
2025/2026
Exam Prep Guide
(Actual Verified Questions and
Answers)
A+ Grade Guarantee
, Final Exam - Kentucky
FinalLife
Examand Health
- Kentucky Life and Health
Study online at https://quizlet.com/_cz3n0u
1. An insurance agent who replaces an existing policy by twisting
making false written or oral statements is committing
the act of:
2. Which of the following risks are insurable? pure risk
3. The federal income tax treatment of employer-pro- Employee's coverage paid
vided group health insurance can be accurately de- for by the employer is
scribed as: tax-deductible to the em-
ployer as a business ex-
penditure
4. Which approach predicts a person's earning potential Human life value ap-
and determines how much of that amount would be proach
devoted to dependents?
5. What type of society operates under a lodge system fraternal benefits
with a representative form of government and pro-
vides benefits in accordance to its chapter?
6. Which of the following statements BEST describes An insured must wait at
what the Legal Actions provision of an Accident and least 60 days after Proof
Health policy requires? of Loss has been submit-
ted before a lawsuit can be
filed
7. What does a fixed annuity offer protection against? savings depletion because
of longevity
8. J is a subscriber to plan which contracts with doctors A Health Maintenance Or-
and hospitals to provide medical benefits at a prede- ganization
termined price. What type of plan does J belong to?
www.stuvia.com
, Final Exam - Kentucky
FinalLife
Examand Health
- Kentucky Life and Health
Study online at https://quizlet.com/_cz3n0u
9. When does a Probationary Period provision become at the policy's inception
effective in a health insurance contract?
10. A product which can offer its owner a lifetime income annuity
stream is called an ____________.
11. S buys a $10,000 Whole Life policy in 2003 and pays an return premium rider
annual premium of $100. S dies 5 years later in 2008
and the insurer pays the beneficiary $10,500. What
kind of rider did S include on the policy?
12. When does the agent give a premium receipt for a life when the initial premium
insurance application? has been paid with the ap-
plication
13. A life insurance policyowner falls behind on his premi- face amount will be paid
um payments and dies during the grace period. How minus the past due premi-
will the insurer handle this claim? um
14. In a family plan, a child born after issuance of the covers begins immediate-
policy would require which of the following? ly at birth no additional
premium
15. Which of these is considered a mandatory provision? payments of claim
16. Which of these statements regarding insurance is the number of losses de-
false? crease as the number of
insured units increase
17. Which health policy clause stipulates that an insur- entire contract
ance company must attach a copy of application to the
policy to ensure that is part of the contract?
18. Local unemployment rate
www.stuvia.com
