UTAH HEALTH AND LIFE INSURANCE
COMPREHENSIVE EXAM SCRIPT 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ coinsurance. Answer: the insurer and the insured share expenses over
the deductible.
◉ participating policies. Answer: participating policies pay dividends
◉ non-participating policies. Answer: non-participating policies do not
pay dividends
◉ LTC Rider. Answer: reimburses Health and Social Service expenses
incurred in a convalscent or nursing home facility
◉ ownership rights. Answer: vest ownership rights EG the right to
designate the beneficiary to specific person or entity
◉ term Riders. Answer: are used to purchase insurance on a family
member of the originally insured
, ◉ impairment Rider. Answer: list specific conditions in the contract that
are excluded from the contract.
◉ policy loan provision. Answer: the loan is not taxed
◉ policy withdrawal. Answer: is taxed for amounts above the contract
cost basis
◉ Premium modes. Answer: Monthly; Quarterly; Semi-annually;
Annually (cheapest due to less admin cost).
◉ conditionally renewable. Answer: the insurer may elect not to renew
only under conditions specified in the policy
◉ whose responsibility is it to make sure the company is notified of a
death claim at the earliest possible opportunity. Answer: the producer
◉ which of the following is true regarding assignment rights for
irrevocable beneficiaries? Answer: they are more likely to receive a loan
based on the expectations of the proceeds
◉ conditional receipt for renewal. Answer: when the premium is paid
after the time granted by the insurer the maximum amount of time for
reinstatement of the policy is 45 days
COMPREHENSIVE EXAM SCRIPT 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ coinsurance. Answer: the insurer and the insured share expenses over
the deductible.
◉ participating policies. Answer: participating policies pay dividends
◉ non-participating policies. Answer: non-participating policies do not
pay dividends
◉ LTC Rider. Answer: reimburses Health and Social Service expenses
incurred in a convalscent or nursing home facility
◉ ownership rights. Answer: vest ownership rights EG the right to
designate the beneficiary to specific person or entity
◉ term Riders. Answer: are used to purchase insurance on a family
member of the originally insured
, ◉ impairment Rider. Answer: list specific conditions in the contract that
are excluded from the contract.
◉ policy loan provision. Answer: the loan is not taxed
◉ policy withdrawal. Answer: is taxed for amounts above the contract
cost basis
◉ Premium modes. Answer: Monthly; Quarterly; Semi-annually;
Annually (cheapest due to less admin cost).
◉ conditionally renewable. Answer: the insurer may elect not to renew
only under conditions specified in the policy
◉ whose responsibility is it to make sure the company is notified of a
death claim at the earliest possible opportunity. Answer: the producer
◉ which of the following is true regarding assignment rights for
irrevocable beneficiaries? Answer: they are more likely to receive a loan
based on the expectations of the proceeds
◉ conditional receipt for renewal. Answer: when the premium is paid
after the time granted by the insurer the maximum amount of time for
reinstatement of the policy is 45 days
