2026 NEVADA LIFE AND HEALTH EVALUATION
TEST QUESTIONS AND ANSWERS SURE A+
✔✔$500,000 - ✔✔What is the maximum amount that the Nevada Life & Health
Insurance Guaranty Association may be obligated to pay with respect to major medical
insurance for one life?
✔✔1 year - ✔✔A life producer applying for a viatical settlement broker license may be
exempt from the prelicensing education and examination requirement if the producer
has held an active life license for at least how many years?
✔✔The surviving beneficiary will continue receiving 2/3 of the benefit paid when both
beneficiaries were alive - ✔✔An insured has chosen joint and 2/3 survivor as the
settlement option. What does this mean to the beneficiaries?
✔✔Increasing term - ✔✔What type of insurance would be used for a Return of Premium
rider?
✔✔Survivor protection - ✔✔A producer is helping a married couple determine the
financial needs of their children in the event one or both should die prematurely
✔✔The benefit received is tax free - ✔✔A corporation is the owner of the beneficiary of
the key persion life policy. If the corporation collect the policy benefit, then
, ✔✔Attained age - ✔✔The premium charged for exercising the Guaranteed Insurability
Rider is based upon the insured's
✔✔renewal provision - ✔✔Which health insurance provision describes the insured's
right to cancel coverage?
✔✔Impairment rider - ✔✔Which of the following riders would NOT increase the
premium for a policyowner?
✔✔Brokers do not need to be appointed - ✔✔Which of the following is true regarding
insurance company appointment for a broker?
✔✔Provider - ✔✔Who is a person, other than a viator, that enters into a viatical
settlement contract?
✔✔FINRA - ✔✔An agent selling variable annuities must be registered with
✔✔Whole life - ✔✔An insured bought a policy 20 years ago. The policy stated that 20
years later the cash value would be $480 per $1,000 of coverage. What type of policy
does the insured have?
✔✔Loan values and retirement income - ✔✔What are the "living benefits" of whole life
insurance?
✔✔The premiums are invested in the insurer's general account - ✔✔All of the following
are true about variable products EXCEPT
✔✔Annuitization period - ✔✔In an annuity, the accumulated money is converted into a
stream of income during which time period?
✔✔It is designed to pay on a first dollar expense basis - ✔✔Which of the following is
NOT true of a major-medical health insurance policy?
✔✔Relative value - ✔✔Todd has been informed that he has a hernia which requires
repair. When Todd researches the cost, he learns that his insurance plan will cover 200
points worth of surgical expenses. Each point represents $10, which means that $2000
of his surgery will be covered by his insurance plan. What system is Todd's insurance
company using?
✔✔The attending physician will be paid a fee for service, but the member patient will
have to pay a higher coinsurance amount. - ✔✔What happens if a non-member
physician is utilized under the Point-Of-Service plan?
TEST QUESTIONS AND ANSWERS SURE A+
✔✔$500,000 - ✔✔What is the maximum amount that the Nevada Life & Health
Insurance Guaranty Association may be obligated to pay with respect to major medical
insurance for one life?
✔✔1 year - ✔✔A life producer applying for a viatical settlement broker license may be
exempt from the prelicensing education and examination requirement if the producer
has held an active life license for at least how many years?
✔✔The surviving beneficiary will continue receiving 2/3 of the benefit paid when both
beneficiaries were alive - ✔✔An insured has chosen joint and 2/3 survivor as the
settlement option. What does this mean to the beneficiaries?
✔✔Increasing term - ✔✔What type of insurance would be used for a Return of Premium
rider?
✔✔Survivor protection - ✔✔A producer is helping a married couple determine the
financial needs of their children in the event one or both should die prematurely
✔✔The benefit received is tax free - ✔✔A corporation is the owner of the beneficiary of
the key persion life policy. If the corporation collect the policy benefit, then
, ✔✔Attained age - ✔✔The premium charged for exercising the Guaranteed Insurability
Rider is based upon the insured's
✔✔renewal provision - ✔✔Which health insurance provision describes the insured's
right to cancel coverage?
✔✔Impairment rider - ✔✔Which of the following riders would NOT increase the
premium for a policyowner?
✔✔Brokers do not need to be appointed - ✔✔Which of the following is true regarding
insurance company appointment for a broker?
✔✔Provider - ✔✔Who is a person, other than a viator, that enters into a viatical
settlement contract?
✔✔FINRA - ✔✔An agent selling variable annuities must be registered with
✔✔Whole life - ✔✔An insured bought a policy 20 years ago. The policy stated that 20
years later the cash value would be $480 per $1,000 of coverage. What type of policy
does the insured have?
✔✔Loan values and retirement income - ✔✔What are the "living benefits" of whole life
insurance?
✔✔The premiums are invested in the insurer's general account - ✔✔All of the following
are true about variable products EXCEPT
✔✔Annuitization period - ✔✔In an annuity, the accumulated money is converted into a
stream of income during which time period?
✔✔It is designed to pay on a first dollar expense basis - ✔✔Which of the following is
NOT true of a major-medical health insurance policy?
✔✔Relative value - ✔✔Todd has been informed that he has a hernia which requires
repair. When Todd researches the cost, he learns that his insurance plan will cover 200
points worth of surgical expenses. Each point represents $10, which means that $2000
of his surgery will be covered by his insurance plan. What system is Todd's insurance
company using?
✔✔The attending physician will be paid a fee for service, but the member patient will
have to pay a higher coinsurance amount. - ✔✔What happens if a non-member
physician is utilized under the Point-Of-Service plan?
