Page |1
MS LIFE AND HEALTH INSURANCE TEST
EXAM 2025| BRAND NEW EXAM QUESTIONS
WITH 100% CORRECT SOLUTIONS |
GUARANTEED SUCCESS| ACE YOUR GRADES.
1. What is the MINIMUM number of Activities of Daily Living (ADL) an insured
must be unable to perform to qualify for Long Term Care benefits? - Correct
Answer-2
2. In health insurance policies, a waiver of premium provision keeps the coverage
in force without premium payments: - Correct Answer-After an insured has
become totally disabled as defined in the policy
3. K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, which of these statements is true? - Correct Answer-Proceeds will
be payable to K's estate if P dies within a specified time
4. On August 6, D submitted an application for a $50,000 Life Insurance policy
and did not pay the initial premium. On August 18, D went to his doctor
complaining of chest pains and some tests were given by the doctor. The life
policy was delivered by the producer on August 20 and D explains what had
, Page |2
recently taken place with the doctor. What action should the producer then
take? - Correct Answer-Collect initial premium along with a signed health
statement
5. Which of the following statements about the classification of applicants is
INCORRECT? - Correct Answer-Substandard applicants are never declined by
underwriters
6. J's Major Medical policy has a $2,000 deductible and an 80/20 Coinsurance
clause. If J is hospitalized and receives a bill for $10,000, J would pay: - Correct
Answer-$3,600
7. An insurance producer's license may be suspended or revoked under which of
the following circumstances? - Correct Answer-The producer has
misappropriated money held in a fiduciary capacity
8. An insurance company that conducts business in Mississippi and was
incorporated in Mississippi is called a(n) - Correct Answer-domestic insurer
, Page |3
9. In a life insurance policy, which feature states that the policy will not cover
certain risks? - Correct Answer-Exclusion
10.Which mode of payment is NOT used by health insurance policies? - Correct
Answer-Single premium
11.What is the initial requirement for an insured to become eligible for benefits
under the Waiver of Premium provision? - Correct Answer-Insured must be
under a physician's care
12.What is the maximum number of employees (earning at least $5,000) that an
employer can have in order to start a SIMPLE retirement plan? - Correct
Answer-100
13. Which of these do NOT constitute policy delivery? - Correct Answer-
Policy issued with a rating
MS LIFE AND HEALTH INSURANCE TEST
EXAM 2025| BRAND NEW EXAM QUESTIONS
WITH 100% CORRECT SOLUTIONS |
GUARANTEED SUCCESS| ACE YOUR GRADES.
1. What is the MINIMUM number of Activities of Daily Living (ADL) an insured
must be unable to perform to qualify for Long Term Care benefits? - Correct
Answer-2
2. In health insurance policies, a waiver of premium provision keeps the coverage
in force without premium payments: - Correct Answer-After an insured has
become totally disabled as defined in the policy
3. K is the insured and P is the sole beneficiary on a life insurance policy. Both are
involved in a fatal accident where K dies before P. Under the Common Disaster
provision, which of these statements is true? - Correct Answer-Proceeds will
be payable to K's estate if P dies within a specified time
4. On August 6, D submitted an application for a $50,000 Life Insurance policy
and did not pay the initial premium. On August 18, D went to his doctor
complaining of chest pains and some tests were given by the doctor. The life
policy was delivered by the producer on August 20 and D explains what had
, Page |2
recently taken place with the doctor. What action should the producer then
take? - Correct Answer-Collect initial premium along with a signed health
statement
5. Which of the following statements about the classification of applicants is
INCORRECT? - Correct Answer-Substandard applicants are never declined by
underwriters
6. J's Major Medical policy has a $2,000 deductible and an 80/20 Coinsurance
clause. If J is hospitalized and receives a bill for $10,000, J would pay: - Correct
Answer-$3,600
7. An insurance producer's license may be suspended or revoked under which of
the following circumstances? - Correct Answer-The producer has
misappropriated money held in a fiduciary capacity
8. An insurance company that conducts business in Mississippi and was
incorporated in Mississippi is called a(n) - Correct Answer-domestic insurer
, Page |3
9. In a life insurance policy, which feature states that the policy will not cover
certain risks? - Correct Answer-Exclusion
10.Which mode of payment is NOT used by health insurance policies? - Correct
Answer-Single premium
11.What is the initial requirement for an insured to become eligible for benefits
under the Waiver of Premium provision? - Correct Answer-Insured must be
under a physician's care
12.What is the maximum number of employees (earning at least $5,000) that an
employer can have in order to start a SIMPLE retirement plan? - Correct
Answer-100
13. Which of these do NOT constitute policy delivery? - Correct Answer-
Policy issued with a rating
