MISSISSIPPI LIFE AND HEALTH INSURANCE
EXAM ACTUAL EXAM SCRIPT 2026 COMPLETE
QUESTIONS AND SOLUTIONS GRADED A+
◉ Accelerated benefits rider.
Answer: A life insurance rider that allows for the early payment of
some portion of the
policies face amount should the insured suffers from a terminal i l l n
e s s or injury.
◉ Acceptance.
Answer: (See offer and acceptance)
◉ Accidental bodily injury provision.
Answer: Disability income or accident policy provision that requires
that the injury
be accidental in order for benefits to be payable.
◉ Accidental death and dismemberment (AD&D).
Answer: Insurance providing payment if the insured's death results
from an accident, if the insured accidentally severs a limb above the
wrist or ankle joints, or totally and irreversibly
,◉ Accidental death benefit rider.
Answer: A life insurance policy rider providing for payment of an
additional benefit
when death occurs by accidental means.
◉ Accidental dismemberment.
Answer: Often defined as "the severance of limbs at or above the
wrists or ankle
joints, or the entire irrevocable loss of sight." Loss of use in itself
may or not be considered dismemberment.
◉ Accidental means provision.
Answer: Unforeseen, unexpected, unintended cause of an accident.
Requirement of an
accident-based policy that the cause of the mishap must be
accidental for any claim to be payable.
◉ Accident and health insurance.
Answer: Under which benefits are payable in case of disease,
accidental injury, or
accidental death. Also called health insurance, personal health
insurance, and sickness and accident insurance.
,◉ Accumulation unit.
Answer: Premiums an annuitant pays into annuities are credited as
accumulation units. At the end of
the accumulation period, accumulation units are converted to
annuity units.
◉ Acquired immune deficiency syndrome (AIDS).
Answer: A life-threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict
underwriting and claims guidelines in regard to AIDS risks
and AIDS-related conditions.
◉ Acute illness.
Answer: A serious condition, such as pneumonia, from which the
body can fully recover with proper
medical attention.
◉ Adhesion.
Answer: A life insurance policy is a contract of adhesion because
buyers must adhere to the terms of the
contract already in existence. They have no opportunity to negotiate
terms, rates, values, and so on.
, ◉ Adjustable life insurance.
Answer: Combines features of both term and whole life coverage
with the length of coverage
and amount of accumulated cash value as the adjustable factors.
Premiums may be increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only
to the future.
◉ Administrative-services-only (ASO) Plan.
Answer: Arrangement under which an insurance company or an
independent organization, for a fee, handles the administration of
claims, benefits, and other administrative
functionsfor a self-insured group.
◉ Admitted insurer.
Answer: An insurance company that has met the legal and financial
requirements for operation within
a given state.
◉ Adult day care.
Answer: Type of care (usually custodial) designed for individuals
who require assistance with various
activities of daily living, while their primary caregivers are absent.
Offered in care centers.
EXAM ACTUAL EXAM SCRIPT 2026 COMPLETE
QUESTIONS AND SOLUTIONS GRADED A+
◉ Accelerated benefits rider.
Answer: A life insurance rider that allows for the early payment of
some portion of the
policies face amount should the insured suffers from a terminal i l l n
e s s or injury.
◉ Acceptance.
Answer: (See offer and acceptance)
◉ Accidental bodily injury provision.
Answer: Disability income or accident policy provision that requires
that the injury
be accidental in order for benefits to be payable.
◉ Accidental death and dismemberment (AD&D).
Answer: Insurance providing payment if the insured's death results
from an accident, if the insured accidentally severs a limb above the
wrist or ankle joints, or totally and irreversibly
,◉ Accidental death benefit rider.
Answer: A life insurance policy rider providing for payment of an
additional benefit
when death occurs by accidental means.
◉ Accidental dismemberment.
Answer: Often defined as "the severance of limbs at or above the
wrists or ankle
joints, or the entire irrevocable loss of sight." Loss of use in itself
may or not be considered dismemberment.
◉ Accidental means provision.
Answer: Unforeseen, unexpected, unintended cause of an accident.
Requirement of an
accident-based policy that the cause of the mishap must be
accidental for any claim to be payable.
◉ Accident and health insurance.
Answer: Under which benefits are payable in case of disease,
accidental injury, or
accidental death. Also called health insurance, personal health
insurance, and sickness and accident insurance.
,◉ Accumulation unit.
Answer: Premiums an annuitant pays into annuities are credited as
accumulation units. At the end of
the accumulation period, accumulation units are converted to
annuity units.
◉ Acquired immune deficiency syndrome (AIDS).
Answer: A life-threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict
underwriting and claims guidelines in regard to AIDS risks
and AIDS-related conditions.
◉ Acute illness.
Answer: A serious condition, such as pneumonia, from which the
body can fully recover with proper
medical attention.
◉ Adhesion.
Answer: A life insurance policy is a contract of adhesion because
buyers must adhere to the terms of the
contract already in existence. They have no opportunity to negotiate
terms, rates, values, and so on.
, ◉ Adjustable life insurance.
Answer: Combines features of both term and whole life coverage
with the length of coverage
and amount of accumulated cash value as the adjustable factors.
Premiums may be increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only
to the future.
◉ Administrative-services-only (ASO) Plan.
Answer: Arrangement under which an insurance company or an
independent organization, for a fee, handles the administration of
claims, benefits, and other administrative
functionsfor a self-insured group.
◉ Admitted insurer.
Answer: An insurance company that has met the legal and financial
requirements for operation within
a given state.
◉ Adult day care.
Answer: Type of care (usually custodial) designed for individuals
who require assistance with various
activities of daily living, while their primary caregivers are absent.
Offered in care centers.
