New York Life, Accident and Health Insurance Exam
WITH VERY WELL VERIFIED ANSWERS 2026
Accelerated Benefits - ANSWER☑️⭐-Riders attached to life insurance policies which allow death benefits
to be used to cover nursing or convalescent home expenses.
Accident - ANSWER☑️⭐-An unplanned, unforeseen event which occurs suddenly and at an unspecified
place. Accident Insurance - A type of insurance that protects the insured against loss due to accidental
bodily injury.
Accidental Bodily Injury - ANSWER☑️⭐-Unplanned, unforeseen traumatic injury to the body.
Accidental Death and Dismemberment (AD&D) - ANSWER☑️⭐-An insurance policy which pays a
specified amount or a specified multiple of the insured's benefit if the insured dies, loses his/her sight,
or loses two limbs due to an accident.
Accidental Death Benefits - ANSWER☑️⭐-A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of accidental death.
Accidental Death Insurance - ANSWER☑️⭐-An insurance policy that provides payment if the insured's
death is the result of an accident.
Accumulation Period - ANSWER☑️⭐-The time over which the annuitant makes payments or investments
in an annuity, and when those payments earn interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS) - ANSWER☑️⭐-An infectious and incurable disease caused
by the human immunodeficiency virus (HIV).
,Activities of Daily Living (ADLs) - ANSWER☑️⭐-Activities individuals must do every day such as moving
about, getting dressed, eating, bathing, etc.
Actual Cash Value (ACV) - ANSWER☑️⭐-The required amount to pay damages or for property loss, which
is calculated based on the property's current replacement value minus depreciation.
Actual Charge - ANSWER☑️⭐-The amount a physician or supplier actually bills for a particular service or
supply. Actuary - A person trained in the technical aspects of insurance and related fields, particularly in
the mathematics of insurance; a person who, on behalf of the company, determines the mathematical
probability of loss.
Adhesion - ANSWER☑️⭐-A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the
insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in
favor of the insured.
Adjustable Life - ANSWER☑️⭐-Life insurance which permits changes in the face amount, premium
amount, period of protection, and the duration of the premium payment period.
Adjuster - ANSWER☑️⭐-A representative of an insurance company who investigates and acts on the
behalf of the company to obtain agreements for the amount of the insurance claim.
Administrator - ANSWER☑️⭐-An individual appointed by a court as a fiduciary to settle the financial
affairs and estate of a deceased person.
Admitted (Authorized) Insurer - ANSWER☑️⭐-An insurance company authorized and licensed to transact
business in a particular state.
Adult Day Care - ANSWER☑️⭐-A program for impaired adults that attempts to meet their health, social,
and functional needs in a setting away from their homes.
Adverse Selection - ANSWER☑️⭐-The tendency of risks with higher probability of loss to purchase and
maintain insurance more often than the risks who present lower probability.
, Agency - ANSWER☑️⭐-An insurance sales office or company.
Agent - ANSWER☑️⭐-An individual who is licensed to sell, negotiate, or effect insurance contracts on
behalf of an insurer.
Agent's Authority - ANSWER☑️⭐-Special powers granted to an agent by his or her agency contract.
Aleatory - A contract in which participating parties exchange unequal amounts. Insurance contracts are
aleatory in that the amount the insured will pay in premiums is unequal to the amount the insurer will
pay in the event of a loss.
Alien Insurer - ANSWER☑️⭐-An insurance company that is incorporated outside the United States.
Alzheimer's Disease - A disease that causes the victim to become dysfunctional due to degeneration of
brain cells causing severe memory loss.
Ancillary - ANSWER☑️⭐-Additional, miscellaneous services provided by a hospital, such as x-rays,
anesthesia, and lab work, but not hospital room and board expenses.
Annual Statement - ANSWER☑️⭐-A detailed financial report that an insurance company must submit
every year to the insurance department of state(s) in which it conducts business.
Annuity - ANSWER☑️⭐-A contract that provides income for a specified period of years, or for life.
Apparent Authority - ANSWER☑️⭐-The appearance or the assumption of authority based on the actions,
words, or deeds of the principal or because of circumstances the principal created.
Applicant - ANSWER☑️⭐-A person making application for, or offering him/herself or another to be
insured under an insurance contract.
Application - ANSWER☑️⭐-A document that provides information for underwriting purposes. After the
policy is issued, any unANSWERed questions are considered waived by the insurer.
WITH VERY WELL VERIFIED ANSWERS 2026
Accelerated Benefits - ANSWER☑️⭐-Riders attached to life insurance policies which allow death benefits
to be used to cover nursing or convalescent home expenses.
Accident - ANSWER☑️⭐-An unplanned, unforeseen event which occurs suddenly and at an unspecified
place. Accident Insurance - A type of insurance that protects the insured against loss due to accidental
bodily injury.
Accidental Bodily Injury - ANSWER☑️⭐-Unplanned, unforeseen traumatic injury to the body.
Accidental Death and Dismemberment (AD&D) - ANSWER☑️⭐-An insurance policy which pays a
specified amount or a specified multiple of the insured's benefit if the insured dies, loses his/her sight,
or loses two limbs due to an accident.
Accidental Death Benefits - ANSWER☑️⭐-A policy rider that states that the cause of death will be
analyzed to determine if it complies with the policy description of accidental death.
Accidental Death Insurance - ANSWER☑️⭐-An insurance policy that provides payment if the insured's
death is the result of an accident.
Accumulation Period - ANSWER☑️⭐-The time over which the annuitant makes payments or investments
in an annuity, and when those payments earn interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS) - ANSWER☑️⭐-An infectious and incurable disease caused
by the human immunodeficiency virus (HIV).
,Activities of Daily Living (ADLs) - ANSWER☑️⭐-Activities individuals must do every day such as moving
about, getting dressed, eating, bathing, etc.
Actual Cash Value (ACV) - ANSWER☑️⭐-The required amount to pay damages or for property loss, which
is calculated based on the property's current replacement value minus depreciation.
Actual Charge - ANSWER☑️⭐-The amount a physician or supplier actually bills for a particular service or
supply. Actuary - A person trained in the technical aspects of insurance and related fields, particularly in
the mathematics of insurance; a person who, on behalf of the company, determines the mathematical
probability of loss.
Adhesion - ANSWER☑️⭐-A contract offered on a "take-it-or-leave-it" basis by an insurer, in which the
insured's only option is to accept or reject the contract. Any ambiguities in the contract will be settled in
favor of the insured.
Adjustable Life - ANSWER☑️⭐-Life insurance which permits changes in the face amount, premium
amount, period of protection, and the duration of the premium payment period.
Adjuster - ANSWER☑️⭐-A representative of an insurance company who investigates and acts on the
behalf of the company to obtain agreements for the amount of the insurance claim.
Administrator - ANSWER☑️⭐-An individual appointed by a court as a fiduciary to settle the financial
affairs and estate of a deceased person.
Admitted (Authorized) Insurer - ANSWER☑️⭐-An insurance company authorized and licensed to transact
business in a particular state.
Adult Day Care - ANSWER☑️⭐-A program for impaired adults that attempts to meet their health, social,
and functional needs in a setting away from their homes.
Adverse Selection - ANSWER☑️⭐-The tendency of risks with higher probability of loss to purchase and
maintain insurance more often than the risks who present lower probability.
, Agency - ANSWER☑️⭐-An insurance sales office or company.
Agent - ANSWER☑️⭐-An individual who is licensed to sell, negotiate, or effect insurance contracts on
behalf of an insurer.
Agent's Authority - ANSWER☑️⭐-Special powers granted to an agent by his or her agency contract.
Aleatory - A contract in which participating parties exchange unequal amounts. Insurance contracts are
aleatory in that the amount the insured will pay in premiums is unequal to the amount the insurer will
pay in the event of a loss.
Alien Insurer - ANSWER☑️⭐-An insurance company that is incorporated outside the United States.
Alzheimer's Disease - A disease that causes the victim to become dysfunctional due to degeneration of
brain cells causing severe memory loss.
Ancillary - ANSWER☑️⭐-Additional, miscellaneous services provided by a hospital, such as x-rays,
anesthesia, and lab work, but not hospital room and board expenses.
Annual Statement - ANSWER☑️⭐-A detailed financial report that an insurance company must submit
every year to the insurance department of state(s) in which it conducts business.
Annuity - ANSWER☑️⭐-A contract that provides income for a specified period of years, or for life.
Apparent Authority - ANSWER☑️⭐-The appearance or the assumption of authority based on the actions,
words, or deeds of the principal or because of circumstances the principal created.
Applicant - ANSWER☑️⭐-A person making application for, or offering him/herself or another to be
insured under an insurance contract.
Application - ANSWER☑️⭐-A document that provides information for underwriting purposes. After the
policy is issued, any unANSWERed questions are considered waived by the insurer.
