UTAH HEALTH AND LIFE INSURANCE ACTUAL
EXAM PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ Kathy's annuity is currently experiencing tax-deferred growth until
she retires. Which phase is this annuity in? Answer: Accumulation
period
◉ If threats or force is used to affect an insurance transaction, the unfair
trade practice of _________ has been committed. Answer: Coercion
◉ A whole life policy option where extended term insurance is selected
is called a? Answer: Nonforfeiture Option
◉ The cause of a loss is referred to as? Answer: peril
◉ Donald is the primary insured of a life insurance policy and adds a
children's term rider. What is the advantage of adding this rider?
Answer: Can be converted to a permanent insurance without evidence of
insurability
,◉ What guarantees that the statements supplied by an insurance
applicant are true? Answer: Warranty
◉ The fair credit and reporting ACT's main purpose is to. Answer:
Protect consumers with guidelines regarding credit reporting and
distribution.
◉ How many days is a temporary producers license valid. Answer: 180
Days
◉ All of these are characteristics of a major medical expense policy
except. Answer: elimination periods
◉ Sole properties are permitted tax deductions for the health cost paid
from their earnings in the amount of. Answer: 100% of costs
◉ When are group disability benefits considered to be tax-free to the
insured? Answer: When the recipient pays the premiums
◉ Which of the following does coordination of benefits allow? Answer:
Allows the secondary to reduce there payments so no more then 100%
of the benefit is being paid.
◉ A _______ Sells, solicits, or negotiates insurance on behalf of
insurance companies for compensation. Answer: Producer
, ◉ A life insurance policy that is subject to a contract interest rate is
referred to as? Answer: universal Life
◉ An attending physician's statement would be appropriate for which
life insurance purpose? Answer: At the request of the insurer to assist in
the underwriting decision
◉ which of these factors is NOT taken into account when determining
an applicants life insurance needs? Answer: Automobile
◉ what type of life insurance pays off mortgage if you die before the 30
years? Answer: Decreasing term insurance
◉ All of the following are considered appropriate uses of life insurance
for business purposes except. Answer: Protecting the bus by covering
entry level employees with life insurance
◉ Purchasing a life insurance policy in order to avoid the forced sale of
assets upon death is called. Answer: Estate Conservation
◉ States that have "no loss no gain" laws require a replacing policy to.
Answer: Pay for ongoing claims under the policy it replaces.
EXAM PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ Kathy's annuity is currently experiencing tax-deferred growth until
she retires. Which phase is this annuity in? Answer: Accumulation
period
◉ If threats or force is used to affect an insurance transaction, the unfair
trade practice of _________ has been committed. Answer: Coercion
◉ A whole life policy option where extended term insurance is selected
is called a? Answer: Nonforfeiture Option
◉ The cause of a loss is referred to as? Answer: peril
◉ Donald is the primary insured of a life insurance policy and adds a
children's term rider. What is the advantage of adding this rider?
Answer: Can be converted to a permanent insurance without evidence of
insurability
,◉ What guarantees that the statements supplied by an insurance
applicant are true? Answer: Warranty
◉ The fair credit and reporting ACT's main purpose is to. Answer:
Protect consumers with guidelines regarding credit reporting and
distribution.
◉ How many days is a temporary producers license valid. Answer: 180
Days
◉ All of these are characteristics of a major medical expense policy
except. Answer: elimination periods
◉ Sole properties are permitted tax deductions for the health cost paid
from their earnings in the amount of. Answer: 100% of costs
◉ When are group disability benefits considered to be tax-free to the
insured? Answer: When the recipient pays the premiums
◉ Which of the following does coordination of benefits allow? Answer:
Allows the secondary to reduce there payments so no more then 100%
of the benefit is being paid.
◉ A _______ Sells, solicits, or negotiates insurance on behalf of
insurance companies for compensation. Answer: Producer
, ◉ A life insurance policy that is subject to a contract interest rate is
referred to as? Answer: universal Life
◉ An attending physician's statement would be appropriate for which
life insurance purpose? Answer: At the request of the insurer to assist in
the underwriting decision
◉ which of these factors is NOT taken into account when determining
an applicants life insurance needs? Answer: Automobile
◉ what type of life insurance pays off mortgage if you die before the 30
years? Answer: Decreasing term insurance
◉ All of the following are considered appropriate uses of life insurance
for business purposes except. Answer: Protecting the bus by covering
entry level employees with life insurance
◉ Purchasing a life insurance policy in order to avoid the forced sale of
assets upon death is called. Answer: Estate Conservation
◉ States that have "no loss no gain" laws require a replacing policy to.
Answer: Pay for ongoing claims under the policy it replaces.
