NEW MEXICO LIFE AND HEALTH INSURANCE EXAM
ACTUAL EXAM 2026 | ALL QUESTIONS AND
CORRECT ANSWERS | VERIFIED ANSWERS | JUST
RELEASED
Which benefit supplement added to a life insurance policy insures an
entire family?
Kin term rider
Family term rider
Group term rider
Household term rider ---------CORRECT ANSWER-----------------Family
Term rider
Which of these is NOT relevant when determining the amount of
personal life insurance needed?
Household income
Household debt
Local unemployment rates
Existing life insurance coverage ---------CORRECT ANSWER-----------------
Local Unemployment rate
,A policyowner is permitted to take out a policy loan on a whole life
policy at what point?
When the policy has a cash value
When the cash value equals the face amount
When the policy has been in force 2 years
When the policyowner has demonstrated financial need ---------
CORRECT ANSWER-----------------When the policy has cash value
Which of the following describes coverage for the Medicare Part B
coinsurance? ---------CORRECT ANSWER-----------------A medicare
supplemental core benefit
In long-term care insurance, what is the length of time for which claims
will be paid? ---------CORRECT ANSWER-----------------Benefit Period
Karen is considering replacing her individual accident and health
insurance policy with another individual policy. She has had issues in
the past with her gall bladder that would be considered a pre-existing
condition. How will a pre-existing conditions exclusion affect Karen's
new insurance contract? ---------CORRECT ANSWER-----------------May
reduce her benefits
,All of these are duties that a producer may be required to perform
when delivering an insurance policy EXCEPT
Review policy with applicant
Acquire a statement of good health signature
Leave a conditional receipt with client
Gather the initial premium ---------CORRECT ANSWER-----------------Leave
a conditional Receipt with client
Tim is retired and has recently separated from his wife. He receives
benefits from a qualified retirement plan through his former employer.
The plan's trustee has decided to split these benefit payments between
Tim and his estranged wife. This decision is likely in violation of which
IRS rule? ---------CORRECT ANSWER-----------------Alienation of Benefits
Which term describes the elimination of a hazard?
Risk pooling
Risk retention
Risk transference
Risk avoidance ---------CORRECT ANSWER-----------------Risk Avoidance
, What are reasonable and customary charges for health insurance
primarily based on?
Average charges as determined by the NAIC
Average charges within a geographic region
Average charges within the United States
Average charges as determined by actuarial tables ---------CORRECT
ANSWER-----------------Average Charges Within a Geographic Region
Which of these is NOT considered to be a cost connected with an
individual's death?
Business expenses
Funeral expense
Tax liability
Probate costs ---------CORRECT ANSWER-----------------Business Expenses
A policyowner pays the first annual premium for a $50,000 life
insurance policy and dies one month after the policy effective date.
Which of these statements is normally true?
ACTUAL EXAM 2026 | ALL QUESTIONS AND
CORRECT ANSWERS | VERIFIED ANSWERS | JUST
RELEASED
Which benefit supplement added to a life insurance policy insures an
entire family?
Kin term rider
Family term rider
Group term rider
Household term rider ---------CORRECT ANSWER-----------------Family
Term rider
Which of these is NOT relevant when determining the amount of
personal life insurance needed?
Household income
Household debt
Local unemployment rates
Existing life insurance coverage ---------CORRECT ANSWER-----------------
Local Unemployment rate
,A policyowner is permitted to take out a policy loan on a whole life
policy at what point?
When the policy has a cash value
When the cash value equals the face amount
When the policy has been in force 2 years
When the policyowner has demonstrated financial need ---------
CORRECT ANSWER-----------------When the policy has cash value
Which of the following describes coverage for the Medicare Part B
coinsurance? ---------CORRECT ANSWER-----------------A medicare
supplemental core benefit
In long-term care insurance, what is the length of time for which claims
will be paid? ---------CORRECT ANSWER-----------------Benefit Period
Karen is considering replacing her individual accident and health
insurance policy with another individual policy. She has had issues in
the past with her gall bladder that would be considered a pre-existing
condition. How will a pre-existing conditions exclusion affect Karen's
new insurance contract? ---------CORRECT ANSWER-----------------May
reduce her benefits
,All of these are duties that a producer may be required to perform
when delivering an insurance policy EXCEPT
Review policy with applicant
Acquire a statement of good health signature
Leave a conditional receipt with client
Gather the initial premium ---------CORRECT ANSWER-----------------Leave
a conditional Receipt with client
Tim is retired and has recently separated from his wife. He receives
benefits from a qualified retirement plan through his former employer.
The plan's trustee has decided to split these benefit payments between
Tim and his estranged wife. This decision is likely in violation of which
IRS rule? ---------CORRECT ANSWER-----------------Alienation of Benefits
Which term describes the elimination of a hazard?
Risk pooling
Risk retention
Risk transference
Risk avoidance ---------CORRECT ANSWER-----------------Risk Avoidance
, What are reasonable and customary charges for health insurance
primarily based on?
Average charges as determined by the NAIC
Average charges within a geographic region
Average charges within the United States
Average charges as determined by actuarial tables ---------CORRECT
ANSWER-----------------Average Charges Within a Geographic Region
Which of these is NOT considered to be a cost connected with an
individual's death?
Business expenses
Funeral expense
Tax liability
Probate costs ---------CORRECT ANSWER-----------------Business Expenses
A policyowner pays the first annual premium for a $50,000 life
insurance policy and dies one month after the policy effective date.
Which of these statements is normally true?
