Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
In a Life insurance contract, an insurance company's promise to pay stated benefits is called
the:
a) insuring clause
b) consideration clause
c) entire contract
d) owner's rights - correct answer insuring clause
under which circumstance MUST a health insurer have an expedited grievance review
procedure? - correct answer when the enrollee's life or health is jeapordized
The Consideration clause in a life insurance contract contains what pertinent information? -
correct answer amount of premium payments and when they are due
Long Term Care policies will usually pay for eligible benefits using which of the following
methods?
a) delayed
b) fee for service
c) expense incurred
d) respite - correct answer Expense incurred
T is receiving $3,000/month from a Disability Income policy in which T's employer had paid the
premiums. How are the $3,000 benefit payments taxable? - correct answer Benefits are taxable
to T
A statement made by an insured in an insurance application that must be true to the best of
one's knowledge and which becomes a part of the contract is known as - correct answer a
representation
Which long term care insurance statement is true? - correct answer Pre-existing conditions
must be covered after the coverage has been in force for six months
Pre-existing conditions are those for which medical advice or treatment was recommended by
or received from a health provider within 6 months preceding the effective date of an individual
long-term care policy.
which of the following is NOT allowed in regards to the Medigap (Medicare Supplement)
policy? - correct answer Issuing an additional Medigap policy to ensure no out-of-pocket
exposure for the insured
Jasmine is a salaried employee of an insurance company. Which of the following duties would
require her to be licensed as an insurance producer?
,Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
a) adjusting claims
b) underwriting insurance applications
c) administrative assistant to the VP of Sales
d) soliciting insurance policies - correct answer Soliciting insurance policies
All of these are characteristics of an Adjustable Life policy EXCEPT
a) adjustable premiums
b)adjustable premium payment period
c) combination of term and whole life insurance
d) face amount can be adjusted using policy dividends - correct answer face amount can be
adjusted using policy dividends
The Director of Insurance is authorized
a) to enforce state laws relating to insurance
b) to pass state laws relating to insurance
c) to set insurance rates for foreign insurers
d) to set sales quotas - correct answer to enforce state laws relating to insurance
When a group accident and health policy is issued to an employer,
a) a blanket policy is issued to each employee
b) the free-look period is 60 days
c) a policy is issued to the employer and a certificate is issued to each employee
d) a certificate is issued to the employer and a policy is issued to each employee - correct
answer a policy is issued to the employer and a certificate is issued to each employee
which of the following statements is CORRECT about accelerated death benefits? - correct
answer Must have a terminal illness to qualify.
T is covered by an Accidental Death and Dismemberment (AD&D) policy that has an irrevocable
beneficiary. What action will the insurance company take if T requests a change of beneficiary?
- correct answer Request of the change will be refused
which of these statements is INCORRECT regarding the federal income tax treatment of life
insurance
-Premiums are normally not tax deductible
,Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
-Cash dividends are normally not taxed
-Entire cash surrender value is taxable
-Proceeds are received tax-free if there is a named beneficiary - correct answer Entire cash
surrender value is taxable
A producer is circulating incorrect information about the benefits of a policy. This producer may
be found guilty of
a) misrepresentation
b) sliding
c) boycotting
d) coercion - correct answer misrepresentation
The first portion of a covered Major Medical insurance expense that the insured is required to
pay is called the:
a) corridor deductible
b) initial deductible
c) stop-loss deductible
d) coinsurance deductible - correct answer initial deductible
Any changes made on an insurance application requires the initials of whom? - correct answer
Applicant
A policy of adhesion can only be modified by whom? - correct answer The insurance company
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions?
a) Time Limit on Certain Defenses
b) Reinstatement
c) Entire Contract
d) Change of Beneficiary - correct answer Entire Contract
all of the following are considered to be typical characteristics describing the nature of an
insurance contract, EXCEPT:
Unilateral
Bilateral
, Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
aleatory
adhesion - correct answer Bilateral
The Accidental Death and Dismemberment (AD&D) provision in a life insurance policy would
pay additional benefits if the insured:
a) dies of natural causes
b) becomes critically ill
c) becomes chronically ill
d) is blinded in an accident - correct answer is blinded in an accident
Which health policy clause stipulates that an insured company must attach a copy of the
application to the policy to ensure that it is part of the contract?
a) consideration
b) Entire Contract
c) Free-look
d) Insuring - correct answer Entire Contract
Coverage for human leukocyte antigen testing for bone marrow transplantation is REQUIRED to
be provided in all
a) Long-term care policies
b) Short-term disability policies
c) Cancer policies
d) Group comprehensive health policies - correct answer Group comprehensive health policies
The phrase "This policy will only pay for a semi-private room" is an example of a(n):
a) maximum policy limit
b) internal limit
c) stop loss
d) participation percentage - correct answer internal limit
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and
Dismemberment policy insuring their father. Their mother was named contingent beneficiary.
Five years later, S dies of natural causes and the father is killed in a scuba accident shortly
afterwards. How much of the death benefit will the mother receive?
GRADED A+ | ASSURED SUCCESS
In a Life insurance contract, an insurance company's promise to pay stated benefits is called
the:
a) insuring clause
b) consideration clause
c) entire contract
d) owner's rights - correct answer insuring clause
under which circumstance MUST a health insurer have an expedited grievance review
procedure? - correct answer when the enrollee's life or health is jeapordized
The Consideration clause in a life insurance contract contains what pertinent information? -
correct answer amount of premium payments and when they are due
Long Term Care policies will usually pay for eligible benefits using which of the following
methods?
a) delayed
b) fee for service
c) expense incurred
d) respite - correct answer Expense incurred
T is receiving $3,000/month from a Disability Income policy in which T's employer had paid the
premiums. How are the $3,000 benefit payments taxable? - correct answer Benefits are taxable
to T
A statement made by an insured in an insurance application that must be true to the best of
one's knowledge and which becomes a part of the contract is known as - correct answer a
representation
Which long term care insurance statement is true? - correct answer Pre-existing conditions
must be covered after the coverage has been in force for six months
Pre-existing conditions are those for which medical advice or treatment was recommended by
or received from a health provider within 6 months preceding the effective date of an individual
long-term care policy.
which of the following is NOT allowed in regards to the Medigap (Medicare Supplement)
policy? - correct answer Issuing an additional Medigap policy to ensure no out-of-pocket
exposure for the insured
Jasmine is a salaried employee of an insurance company. Which of the following duties would
require her to be licensed as an insurance producer?
,Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
a) adjusting claims
b) underwriting insurance applications
c) administrative assistant to the VP of Sales
d) soliciting insurance policies - correct answer Soliciting insurance policies
All of these are characteristics of an Adjustable Life policy EXCEPT
a) adjustable premiums
b)adjustable premium payment period
c) combination of term and whole life insurance
d) face amount can be adjusted using policy dividends - correct answer face amount can be
adjusted using policy dividends
The Director of Insurance is authorized
a) to enforce state laws relating to insurance
b) to pass state laws relating to insurance
c) to set insurance rates for foreign insurers
d) to set sales quotas - correct answer to enforce state laws relating to insurance
When a group accident and health policy is issued to an employer,
a) a blanket policy is issued to each employee
b) the free-look period is 60 days
c) a policy is issued to the employer and a certificate is issued to each employee
d) a certificate is issued to the employer and a policy is issued to each employee - correct
answer a policy is issued to the employer and a certificate is issued to each employee
which of the following statements is CORRECT about accelerated death benefits? - correct
answer Must have a terminal illness to qualify.
T is covered by an Accidental Death and Dismemberment (AD&D) policy that has an irrevocable
beneficiary. What action will the insurance company take if T requests a change of beneficiary?
- correct answer Request of the change will be refused
which of these statements is INCORRECT regarding the federal income tax treatment of life
insurance
-Premiums are normally not tax deductible
,Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
-Cash dividends are normally not taxed
-Entire cash surrender value is taxable
-Proceeds are received tax-free if there is a named beneficiary - correct answer Entire cash
surrender value is taxable
A producer is circulating incorrect information about the benefits of a policy. This producer may
be found guilty of
a) misrepresentation
b) sliding
c) boycotting
d) coercion - correct answer misrepresentation
The first portion of a covered Major Medical insurance expense that the insured is required to
pay is called the:
a) corridor deductible
b) initial deductible
c) stop-loss deductible
d) coinsurance deductible - correct answer initial deductible
Any changes made on an insurance application requires the initials of whom? - correct answer
Applicant
A policy of adhesion can only be modified by whom? - correct answer The insurance company
Which of the following health policy provisions states that the producer does NOT have the
authority to change the policy or waive any of its provisions?
a) Time Limit on Certain Defenses
b) Reinstatement
c) Entire Contract
d) Change of Beneficiary - correct answer Entire Contract
all of the following are considered to be typical characteristics describing the nature of an
insurance contract, EXCEPT:
Unilateral
Bilateral
, Missouri Life and Health 2025 -2026 Exam questions with correct answer s VERIFIED SOLUTIONS
GRADED A+ | ASSURED SUCCESS
aleatory
adhesion - correct answer Bilateral
The Accidental Death and Dismemberment (AD&D) provision in a life insurance policy would
pay additional benefits if the insured:
a) dies of natural causes
b) becomes critically ill
c) becomes chronically ill
d) is blinded in an accident - correct answer is blinded in an accident
Which health policy clause stipulates that an insured company must attach a copy of the
application to the policy to ensure that it is part of the contract?
a) consideration
b) Entire Contract
c) Free-look
d) Insuring - correct answer Entire Contract
Coverage for human leukocyte antigen testing for bone marrow transplantation is REQUIRED to
be provided in all
a) Long-term care policies
b) Short-term disability policies
c) Cancer policies
d) Group comprehensive health policies - correct answer Group comprehensive health policies
The phrase "This policy will only pay for a semi-private room" is an example of a(n):
a) maximum policy limit
b) internal limit
c) stop loss
d) participation percentage - correct answer internal limit
T and S are named co-primary beneficiaries on a $500,000 Accidental Death and
Dismemberment policy insuring their father. Their mother was named contingent beneficiary.
Five years later, S dies of natural causes and the father is killed in a scuba accident shortly
afterwards. How much of the death benefit will the mother receive?
