CONNECTICUT LIFE AND HEALTH
FINAL EXAM UPDATED QUESTIONS
AND CORRECT ANSWERS.
Someone who is licensed to negotiate a life settlement contract is called a - ANS Life
settlement broker
Chris has a single major medical contract which covers all medical expenses. His plan is
considered to be - ANS comprehensive
What typically changes at the re-entry option date found in some life insurance policies? -
ANS Premium - a re-entry option gives the insured the opportunity to provide evidence of
insurability at the end of the term to qualify to renew the policy at a lower premium
In Connecticut, continuing education courses must be approved by the - ANS Commissioner
After a life insurance policy has been in effect for _____ year(s), it becomes incontestable. -
ANS 2
Which of the following must clearly be illustrated in all sales material for market value adjusted
annuities?
1. The market value adjustment must always be approved by the commissioner
2. The market value adjustment is always downward
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,3. The market value adjustment is always upwards
4. The market value adjustment can be either upward or downward - ANS 4. The market
value adjustment can be either upward or downward
According to the Pregnancy Discrimination Act of 1978, employers must treat a pregnancy in
the same manner as - ANS any other medical disability - the pregnancy discrimination act of
1978 requires that employers treat pregnancy in the same manner as a disability for any other
medical reason
Which of these noncontributory group plans would a claim likely result in the payment of
federal income?
1. Accidental health
2. Blanket health
3. Major medical
4. Disability income - ANS Disability income
During the liquidation phase of an annuity contract, to whom are the income benefits normally
payable to? - ANS Annuitant - the income benefits distributed during the liquidation phase of
an annuity contract are normally payable to the annuitant
Under an adjustable life insurance policy, which of the following may NOT be changed without
further underwriting?
The person insured
The period of coverage
The payment period
The plan of coverage - ANS The person insured - all of these may normally be changed
without further underwriting in an adjustable life insurance policy expect for the "person
insurance"
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, All of these are duties that a producer may be required to perform when delivering an
insurance policy expect
Acquire a statement of good health signature
Gather the initial premium
Review policy with applicant
Leave a conditional receipt with client - ANS Leave a conditional receipt with client - a
conditional receipt is normally given prior to a policy being issued
According to the affordable care act, insurers can no longer deny health coverage due to pre-
existing conditions unless that plan is a(n) - ANS Grandfathered plan - under the affordable
care act, health insurers can no longer charge more or deny coverage to you or your child
because of a pre-existing health condition unless it is grandfathered health plan
Which of the following types of insurers limits the exposures it writes to those of its owners? -
ANS Captive insurer - an insurer that confines largely limits the exposures it writes to those
of its owners is called a captive insurer
Which of the following could be a future use of cash value that builds in a recently-purchased
whole life insurance policy?
Convert the cash value to a paid-up term policy
Gives policyowner ability to borrow against funds within two years
Increases policy's face amount
Provide supplemental income in 35 years - ANS Provide supplemental income in 35 years -
whole kife policies typically begin to accrue cash value during the 3rd year after issue. The cash
value that accumulates can be used to supplement income during retirement years
An accident and health insurance policy's premium requirements are set forth in which of the
following provisions? - ANS Consideration clause - sets forth an accident and health
insurance policy's premium requirements
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
FINAL EXAM UPDATED QUESTIONS
AND CORRECT ANSWERS.
Someone who is licensed to negotiate a life settlement contract is called a - ANS Life
settlement broker
Chris has a single major medical contract which covers all medical expenses. His plan is
considered to be - ANS comprehensive
What typically changes at the re-entry option date found in some life insurance policies? -
ANS Premium - a re-entry option gives the insured the opportunity to provide evidence of
insurability at the end of the term to qualify to renew the policy at a lower premium
In Connecticut, continuing education courses must be approved by the - ANS Commissioner
After a life insurance policy has been in effect for _____ year(s), it becomes incontestable. -
ANS 2
Which of the following must clearly be illustrated in all sales material for market value adjusted
annuities?
1. The market value adjustment must always be approved by the commissioner
2. The market value adjustment is always downward
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
,3. The market value adjustment is always upwards
4. The market value adjustment can be either upward or downward - ANS 4. The market
value adjustment can be either upward or downward
According to the Pregnancy Discrimination Act of 1978, employers must treat a pregnancy in
the same manner as - ANS any other medical disability - the pregnancy discrimination act of
1978 requires that employers treat pregnancy in the same manner as a disability for any other
medical reason
Which of these noncontributory group plans would a claim likely result in the payment of
federal income?
1. Accidental health
2. Blanket health
3. Major medical
4. Disability income - ANS Disability income
During the liquidation phase of an annuity contract, to whom are the income benefits normally
payable to? - ANS Annuitant - the income benefits distributed during the liquidation phase of
an annuity contract are normally payable to the annuitant
Under an adjustable life insurance policy, which of the following may NOT be changed without
further underwriting?
The person insured
The period of coverage
The payment period
The plan of coverage - ANS The person insured - all of these may normally be changed
without further underwriting in an adjustable life insurance policy expect for the "person
insurance"
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, All of these are duties that a producer may be required to perform when delivering an
insurance policy expect
Acquire a statement of good health signature
Gather the initial premium
Review policy with applicant
Leave a conditional receipt with client - ANS Leave a conditional receipt with client - a
conditional receipt is normally given prior to a policy being issued
According to the affordable care act, insurers can no longer deny health coverage due to pre-
existing conditions unless that plan is a(n) - ANS Grandfathered plan - under the affordable
care act, health insurers can no longer charge more or deny coverage to you or your child
because of a pre-existing health condition unless it is grandfathered health plan
Which of the following types of insurers limits the exposures it writes to those of its owners? -
ANS Captive insurer - an insurer that confines largely limits the exposures it writes to those
of its owners is called a captive insurer
Which of the following could be a future use of cash value that builds in a recently-purchased
whole life insurance policy?
Convert the cash value to a paid-up term policy
Gives policyowner ability to borrow against funds within two years
Increases policy's face amount
Provide supplemental income in 35 years - ANS Provide supplemental income in 35 years -
whole kife policies typically begin to accrue cash value during the 3rd year after issue. The cash
value that accumulates can be used to supplement income during retirement years
An accident and health insurance policy's premium requirements are set forth in which of the
following provisions? - ANS Consideration clause - sets forth an accident and health
insurance policy's premium requirements
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
