2026 NEVADA LIFE AND HEALTH EXAM ALL SET
QUESTIONS AND ANSWERS SURE A+
✔✔A retired person age 50 - ✔✔All of the following individuals may qualify for Medicare
health insurance benefits EXCEPT
✔✔Are made by the business and are not tax-deductible - ✔✔Under a Key Person
disability income policy, premium payments
✔✔An agent misrepresents policy benefits to convince a policyowner to replace policies
- ✔✔Rebating is an unfair trade practice and is regulated by law. All of the following
would be considered to be rebating EXCEPT
✔✔reduced paid up - ✔✔Which nonforfeiture option provides coverage for the longest
period of time
✔✔The more liberal "any occupation" - ✔✔Which of the following definitions would
make it easier to qualify for total disability benefits?
✔✔Collateral assignment - ✔✔A business owner was trying to obtain a bank loan to
fund the purchase of a new business facility, but the bank required proof of additional
assets to secure the loan. The business owner then decided to use her $250,000 life
insurance policy to secure the loan. Which provision makes this possible?
, ✔✔He will have to pay a penalty if he is younger than 59 1/2 - ✔✔An insured has a
Modified Endowment Contract. He wants to withdraw some money in order to pay
medical bills. Which of the following is true?
✔✔An individual not covered by an employer-sponsored plan who has earned income. -
✔✔Who can make a fully deductible contribution to a traditional IRA
✔✔Within 90 days or as soon as reasonably possible but not to exceed one year -
✔✔How soon following the occurrence of a covered loss, or after the insurer becomes
liable for periodic payments for income benefits, must an insured submit written proof of
such loss to the insurance company
✔✔Disability income - ✔✔A waiver of premium provision may be included with which
kind of health insurance policy
✔✔Annuitant - ✔✔When an annuity is written, whose life expectancy is taken into
account?
✔✔It will pay double or triple the face amount - ✔✔Which of the following statements is
true concerning the accidental death rider
✔✔income for 2 or more recipients until they die - ✔✔Life income joint and survivor
settlement option guarantees
✔✔level or flexible - ✔✔Which two terms are associated directly with the premium?
✔✔$50,000 - ✔✔An insured owns a $50,000 whole life policy. At age 47, the insured
decides to cancel his policy and exercise the extended term option for the policy's cash
value, which is currently $20,000. What would be the face amount of the new term
policy?
✔✔It requires all employers, regardless of the number or age of employees, to provide
extended group health coverage - ✔✔Which of the following statements is NOT correct
concerning the COBRA Act of 1985?
✔✔Insurer - ✔✔Which of the following entities can legally bind coverage?
✔✔Insuring clause - ✔✔Which provision of a life insurance policy states the insurers
duty to pay benefits upon the death of the insured, and to whom the benefits will be
paid?
✔✔Annuity - ✔✔Which of the following products will protect an individual from outliving
his or her money?
QUESTIONS AND ANSWERS SURE A+
✔✔A retired person age 50 - ✔✔All of the following individuals may qualify for Medicare
health insurance benefits EXCEPT
✔✔Are made by the business and are not tax-deductible - ✔✔Under a Key Person
disability income policy, premium payments
✔✔An agent misrepresents policy benefits to convince a policyowner to replace policies
- ✔✔Rebating is an unfair trade practice and is regulated by law. All of the following
would be considered to be rebating EXCEPT
✔✔reduced paid up - ✔✔Which nonforfeiture option provides coverage for the longest
period of time
✔✔The more liberal "any occupation" - ✔✔Which of the following definitions would
make it easier to qualify for total disability benefits?
✔✔Collateral assignment - ✔✔A business owner was trying to obtain a bank loan to
fund the purchase of a new business facility, but the bank required proof of additional
assets to secure the loan. The business owner then decided to use her $250,000 life
insurance policy to secure the loan. Which provision makes this possible?
, ✔✔He will have to pay a penalty if he is younger than 59 1/2 - ✔✔An insured has a
Modified Endowment Contract. He wants to withdraw some money in order to pay
medical bills. Which of the following is true?
✔✔An individual not covered by an employer-sponsored plan who has earned income. -
✔✔Who can make a fully deductible contribution to a traditional IRA
✔✔Within 90 days or as soon as reasonably possible but not to exceed one year -
✔✔How soon following the occurrence of a covered loss, or after the insurer becomes
liable for periodic payments for income benefits, must an insured submit written proof of
such loss to the insurance company
✔✔Disability income - ✔✔A waiver of premium provision may be included with which
kind of health insurance policy
✔✔Annuitant - ✔✔When an annuity is written, whose life expectancy is taken into
account?
✔✔It will pay double or triple the face amount - ✔✔Which of the following statements is
true concerning the accidental death rider
✔✔income for 2 or more recipients until they die - ✔✔Life income joint and survivor
settlement option guarantees
✔✔level or flexible - ✔✔Which two terms are associated directly with the premium?
✔✔$50,000 - ✔✔An insured owns a $50,000 whole life policy. At age 47, the insured
decides to cancel his policy and exercise the extended term option for the policy's cash
value, which is currently $20,000. What would be the face amount of the new term
policy?
✔✔It requires all employers, regardless of the number or age of employees, to provide
extended group health coverage - ✔✔Which of the following statements is NOT correct
concerning the COBRA Act of 1985?
✔✔Insurer - ✔✔Which of the following entities can legally bind coverage?
✔✔Insuring clause - ✔✔Which provision of a life insurance policy states the insurers
duty to pay benefits upon the death of the insured, and to whom the benefits will be
paid?
✔✔Annuity - ✔✔Which of the following products will protect an individual from outliving
his or her money?
