NEVADA LIFE INSURANCE EXAM (ACTUAL
EXAM) WITH QUESTIONS WITH VERY
ELABORATED ANSWERS CORRECTRY WELL
ORGANIZED LATEST 2024 – 2025 ALREADY
GRADED A+
What amount of care is provided in LTC's intermediate care?
A24-hour care
BNon-medical daily care
CDaily care, but not nursing care
DDaily care by medical personnel - ANSWERS-D
How many consecutive months of coverage (other than in an acute care unit of a
hospital) does LTC insurance cover in Nevada?
A12
B24
C36
D6 - ANSWERS-B
,Which of the following is correct about a group health insurance policy?
AIt can exclude newborn children from coverage.
BIt cannot exclude coverage for VA hospital treatment.
CIt can provide coverage for handicapped children.
DIt cannot exclude coverage from an occupational accident. - ANSWERS-C
Within how many months must a person be expected to die from a sickness in
order to be classified as terminally ill?
A3
B6
C 12
D 24 - ANSWERS-D
For how long must agents retain copies of notices and sales proposals for life
insurance applications?
A 1 year
B 5 years
C 10 years
D 3 years - ANSWERS-D
, What is the purpose of a disclosure statement in life insurance policies?
A To protect agents and insurers against lawsuits
B To explain features and benefits of a proposed policy to the consumer
C To obtain important underwriting information from the applicant
D To help consumers compare policy prices - ANSWERS-B
Which of the following statements would best describe the difference between
viatical settlements and accelerated death benefits?
A Viaticals require higher premiums.
B Viaticals use mortality tables; accelerated death benefits are determined by
morbidity.
C Viaticals are funded by a third party; accelerated death benefits are provided by
the insurer that issued the original policy.
D Viaticals are used to fund retirement; accelerated death benefits fund medical
expenses. - ANSWERS-C
Which of the following means having an illness or sickness that can reasonably be
expected to result in death in 24 months or less?
A Chronic illness
B Fatal illness
C Malignant illness
D Terminal illness - ANSWERS-D
EXAM) WITH QUESTIONS WITH VERY
ELABORATED ANSWERS CORRECTRY WELL
ORGANIZED LATEST 2024 – 2025 ALREADY
GRADED A+
What amount of care is provided in LTC's intermediate care?
A24-hour care
BNon-medical daily care
CDaily care, but not nursing care
DDaily care by medical personnel - ANSWERS-D
How many consecutive months of coverage (other than in an acute care unit of a
hospital) does LTC insurance cover in Nevada?
A12
B24
C36
D6 - ANSWERS-B
,Which of the following is correct about a group health insurance policy?
AIt can exclude newborn children from coverage.
BIt cannot exclude coverage for VA hospital treatment.
CIt can provide coverage for handicapped children.
DIt cannot exclude coverage from an occupational accident. - ANSWERS-C
Within how many months must a person be expected to die from a sickness in
order to be classified as terminally ill?
A3
B6
C 12
D 24 - ANSWERS-D
For how long must agents retain copies of notices and sales proposals for life
insurance applications?
A 1 year
B 5 years
C 10 years
D 3 years - ANSWERS-D
, What is the purpose of a disclosure statement in life insurance policies?
A To protect agents and insurers against lawsuits
B To explain features and benefits of a proposed policy to the consumer
C To obtain important underwriting information from the applicant
D To help consumers compare policy prices - ANSWERS-B
Which of the following statements would best describe the difference between
viatical settlements and accelerated death benefits?
A Viaticals require higher premiums.
B Viaticals use mortality tables; accelerated death benefits are determined by
morbidity.
C Viaticals are funded by a third party; accelerated death benefits are provided by
the insurer that issued the original policy.
D Viaticals are used to fund retirement; accelerated death benefits fund medical
expenses. - ANSWERS-C
Which of the following means having an illness or sickness that can reasonably be
expected to result in death in 24 months or less?
A Chronic illness
B Fatal illness
C Malignant illness
D Terminal illness - ANSWERS-D
