2026 NEVADA LIFE AND HEALTH LATEST EXAMS
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔Who would be considered a third - ✔✔An individual or an entity who is not the
insured
✔✔What does liquidity mean in a life insurance policy? - ✔✔Availability of cash value
✔✔What is required to qualify an individual to contribute to a traditional IRA? -
✔✔Earned income
✔✔When would life insurance policy proceeds be included in the insured's taxable
estate? - ✔✔When there is an incident of ownership at the time of death
✔✔What type of policy is typically issued without proof of insurability from the insured? -
✔✔Group policy
✔✔SIMPLE plans are available to groups of how many employees? - ✔✔No more than
100
✔✔Why are dividends in life insurance policies not taxable? - ✔✔They are a return of
unused premiums and are not considered income for tax purposes
, ✔✔What type of worker would not qualify for Keogh Plan? - ✔✔A worker who works
less than 1,000 hours per year
✔✔The premiums paid by the employer in a business life insurance policy are - ✔✔Tax
deductible by the employer
✔✔When an employee terminates coverage under a group insurance policy, how long
does the coverage stay in force? - ✔✔31 days
✔✔How are contributions to a tax-sheltered annuity treated with regards to taxation? -
✔✔They are not included as income for the employee, but are taxable upon distribution
✔✔What type of insurance policies would perform the function of cash accumulation? -
✔✔Whole Life Insurance
✔✔In a life settlement contract, whom does the life settlement broker represent? -
✔✔The owner of the policy
✔✔What is true regarding a nonqualified retirement plan? - ✔✔Contributions are not tax
deductible, It can discriminate in benefits and selecting participants, earnings grow tax
deferred and it does not need IRS approval
✔✔What document describes an insured's medical history, including diagnosis and
treatments? - ✔✔Attending Physician's Statement
✔✔What must the insurer do before giving the applicant an HIV exams? - ✔✔Get the
applicants informed written consent prior to the exam. Results will be disclosed to
underwriters but not agents
✔✔In health insurance, the policy itself and the insurance application form what? -
✔✔Entire Contract
✔✔Who must sign a health insurance application? - ✔✔The policyowner, the insured (if
different), and the agent
✔✔What is the term used for a written request to issue an insurance contract based on
the provided information? - ✔✔Application
✔✔What information are the members of the Medical Information Bureau required to
report? - ✔✔Medical information about the applicants or insured
SCRIPT QUESTIONS AND ANSWERS SURE A+
✔✔Who would be considered a third - ✔✔An individual or an entity who is not the
insured
✔✔What does liquidity mean in a life insurance policy? - ✔✔Availability of cash value
✔✔What is required to qualify an individual to contribute to a traditional IRA? -
✔✔Earned income
✔✔When would life insurance policy proceeds be included in the insured's taxable
estate? - ✔✔When there is an incident of ownership at the time of death
✔✔What type of policy is typically issued without proof of insurability from the insured? -
✔✔Group policy
✔✔SIMPLE plans are available to groups of how many employees? - ✔✔No more than
100
✔✔Why are dividends in life insurance policies not taxable? - ✔✔They are a return of
unused premiums and are not considered income for tax purposes
, ✔✔What type of worker would not qualify for Keogh Plan? - ✔✔A worker who works
less than 1,000 hours per year
✔✔The premiums paid by the employer in a business life insurance policy are - ✔✔Tax
deductible by the employer
✔✔When an employee terminates coverage under a group insurance policy, how long
does the coverage stay in force? - ✔✔31 days
✔✔How are contributions to a tax-sheltered annuity treated with regards to taxation? -
✔✔They are not included as income for the employee, but are taxable upon distribution
✔✔What type of insurance policies would perform the function of cash accumulation? -
✔✔Whole Life Insurance
✔✔In a life settlement contract, whom does the life settlement broker represent? -
✔✔The owner of the policy
✔✔What is true regarding a nonqualified retirement plan? - ✔✔Contributions are not tax
deductible, It can discriminate in benefits and selecting participants, earnings grow tax
deferred and it does not need IRS approval
✔✔What document describes an insured's medical history, including diagnosis and
treatments? - ✔✔Attending Physician's Statement
✔✔What must the insurer do before giving the applicant an HIV exams? - ✔✔Get the
applicants informed written consent prior to the exam. Results will be disclosed to
underwriters but not agents
✔✔In health insurance, the policy itself and the insurance application form what? -
✔✔Entire Contract
✔✔Who must sign a health insurance application? - ✔✔The policyowner, the insured (if
different), and the agent
✔✔What is the term used for a written request to issue an insurance contract based on
the provided information? - ✔✔Application
✔✔What information are the members of the Medical Information Bureau required to
report? - ✔✔Medical information about the applicants or insured
