Kentucky Health Insurance Exam Study
Questions with 100% Correct Answers
The full premium was submitted with the application for life insurance, and the
policy was issued two weeks later as requested. When does the policy become
effective? A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue date
D. As of the policy issue date - ✔✔A. As of the application date
All of the following are true about group disability income insurance EXCEPT: A.
The waiting period starts at the onset of the injury or sickness.
B. The longer the waiting period, the lower the premium.
C. Coverage applies both on and off the job.
D. Benefits are usually short term. - ✔✔C. Coverage applies both on and off the
job.
Under the age discrimination in employment act, if the obligation of the
employer to provide retiree health benefits, what will an individual younger
than 65 receive in benefits each year? A. one-fourth of the benefits required
under the social security act. B. at least 10,000. C. At least the value of the Social
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,Security Benefits. D. The minimum established by the employer - ✔✔C. At least
the value of the Social Security benefits
Disability income policies can provide coverage for a loss of income when
returning to work only part-time after recovering from total disability. What is
the benefit that is based on the insured's loss of earnings after recovery from a
disability? A. recurrent disability B. partial disability C. income replacement D.
Residual disability - ✔✔D. Residual disability
A producer is acting in what capacity when he or she is trying to obtain credible
information about an applicant for health insurance? A. office underwriter B.
General agent C. Consumer report investigator D. Field underwriter - ✔✔D. Field
underwriter
Which of the following riders would NOT increase the premium for a
policyowner? A. impairment rider B. payor benefit rider C. Waiver of premium
rider D. Multiple indemnity rider - ✔✔A. impairment rider
An insured wants to name her husband as the beneficiary of her health policy.
She also wishes to retain all of the rights of ownership. The insured should have
her husband named as what type of beneficiary? A. Contingent B. Irrevocable C.
Revocable D. Primary - ✔✔C. Revocable
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, Guarantee of insurability option in long-term care policies allows the insured to:
A. Secure the policy's nonforfeiture values regardless of the insured's age or
health status. A. Secure the policy's value regardless of the insured's age or
health status. B. Increase benefit levels without providing proof of insurability.
C. Add dependents to the plan without providing proof of their insurability. D.
Replace the existing LTC policy based on the original underwriting. - ✔✔B.
Increase benefit levels without providing proof of insurability.
What is the maximum age for qualifying for a catastrophic plan? A. 26 B. 30 C.
45 D. 62 - ✔✔B. 30
Which type of dental care would cover operative treatment of the mouth? A.
Endodontics B. Orthodontics C. Oral surgery D. Restoratvie - ✔✔C. Oral surgery
Under a key person disability income policy, premium payments... A. Are made
by the business and are tax-deductible B. Are made by the business and are not
tax deductible. C. Are made by the employee and are not tax deductible D. Are
made by the employee and are tax free. - ✔✔B. Are made by the business and
are not tax deductible.
Premium payments for personally-owned disability income policies are... A. Tax
deductible to the extent that they exceed 10% of the adjusted gross income of
those itemizing deductions. B. When the premiums and other unreimbursed
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
Questions with 100% Correct Answers
The full premium was submitted with the application for life insurance, and the
policy was issued two weeks later as requested. When does the policy become
effective? A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue date
D. As of the policy issue date - ✔✔A. As of the application date
All of the following are true about group disability income insurance EXCEPT: A.
The waiting period starts at the onset of the injury or sickness.
B. The longer the waiting period, the lower the premium.
C. Coverage applies both on and off the job.
D. Benefits are usually short term. - ✔✔C. Coverage applies both on and off the
job.
Under the age discrimination in employment act, if the obligation of the
employer to provide retiree health benefits, what will an individual younger
than 65 receive in benefits each year? A. one-fourth of the benefits required
under the social security act. B. at least 10,000. C. At least the value of the Social
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
,Security Benefits. D. The minimum established by the employer - ✔✔C. At least
the value of the Social Security benefits
Disability income policies can provide coverage for a loss of income when
returning to work only part-time after recovering from total disability. What is
the benefit that is based on the insured's loss of earnings after recovery from a
disability? A. recurrent disability B. partial disability C. income replacement D.
Residual disability - ✔✔D. Residual disability
A producer is acting in what capacity when he or she is trying to obtain credible
information about an applicant for health insurance? A. office underwriter B.
General agent C. Consumer report investigator D. Field underwriter - ✔✔D. Field
underwriter
Which of the following riders would NOT increase the premium for a
policyowner? A. impairment rider B. payor benefit rider C. Waiver of premium
rider D. Multiple indemnity rider - ✔✔A. impairment rider
An insured wants to name her husband as the beneficiary of her health policy.
She also wishes to retain all of the rights of ownership. The insured should have
her husband named as what type of beneficiary? A. Contingent B. Irrevocable C.
Revocable D. Primary - ✔✔C. Revocable
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, Guarantee of insurability option in long-term care policies allows the insured to:
A. Secure the policy's nonforfeiture values regardless of the insured's age or
health status. A. Secure the policy's value regardless of the insured's age or
health status. B. Increase benefit levels without providing proof of insurability.
C. Add dependents to the plan without providing proof of their insurability. D.
Replace the existing LTC policy based on the original underwriting. - ✔✔B.
Increase benefit levels without providing proof of insurability.
What is the maximum age for qualifying for a catastrophic plan? A. 26 B. 30 C.
45 D. 62 - ✔✔B. 30
Which type of dental care would cover operative treatment of the mouth? A.
Endodontics B. Orthodontics C. Oral surgery D. Restoratvie - ✔✔C. Oral surgery
Under a key person disability income policy, premium payments... A. Are made
by the business and are tax-deductible B. Are made by the business and are not
tax deductible. C. Are made by the employee and are not tax deductible D. Are
made by the employee and are tax free. - ✔✔B. Are made by the business and
are not tax deductible.
Premium payments for personally-owned disability income policies are... A. Tax
deductible to the extent that they exceed 10% of the adjusted gross income of
those itemizing deductions. B. When the premiums and other unreimbursed
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
