MS Life and Health Insurance Test /
Expert Verified Actual Questions &
Answers for Guaranteed Pass | Newest
Update, 2025-2026.
Which of these do NOT Policy issued with a rating
constitute policy delivery?
Variable Life
Which of these types of life
insurance allows the
policyowner to have level
premiums and to also
choose from a selection of
investment options?
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Terms in this set (150)
,J, an Accidental Death and The insurer will adjust the benefit to what the premiums
Dismemberment (AD&D) paid would have purchased at the insured's actual age
policy holder, dies after
injuries sustained in an
accident. J's age as stated on
the application five years ago
was found to be understated
by ten years. Which of the
following actions will the
insurance company take?
A life insurance policy which Waiver of Premium
ensures that the premium
will be paid if the insured
becomes disabled has what
kind of rider attached?
A producer must report to 30
the Commissioner of
Insurance any administrative
action or criminal charges
taken against the producer
within __ days of the final
disposition of the matter.
Guaranteed Insurability Option rider
A physician opens up a new
practice and qualifies for a
$7,000/month Disability
Income policy. What rider
would the physician add if he
wants the ability to increase
his policy benefit as his
practice and income grow?
, Which type of policy is Modified Endowment Contract
considered to be overfunded,
as stated by IRS guidelines?
How does a typical Variable Through mutual funds, stocks, bonds
Life Policy investment
account grow?
Which Federal law allows Fair Credit Reporting Act
an insurer to obtain an
inspection report on a
potential insured?
What is Medicare? is a hospital and medical expense insurance program
What kind of premium level
does a Whole Life policy
have?
T took out a $50,000 life 50,000
insurance policy with an
Accidental Death and
Dismemberment rider.
Five years later, T commits
suicide. How much will the
insurer pay?
Pre-hospitalization managed care
authorization is considered
an example of:
Under a Renewable Term the renewal premium is calculated on the basis of the insured's
policy, attained age
Expert Verified Actual Questions &
Answers for Guaranteed Pass | Newest
Update, 2025-2026.
Which of these do NOT Policy issued with a rating
constitute policy delivery?
Variable Life
Which of these types of life
insurance allows the
policyowner to have level
premiums and to also
choose from a selection of
investment options?
Practice questions for this set
Learn
Studied terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (150)
,J, an Accidental Death and The insurer will adjust the benefit to what the premiums
Dismemberment (AD&D) paid would have purchased at the insured's actual age
policy holder, dies after
injuries sustained in an
accident. J's age as stated on
the application five years ago
was found to be understated
by ten years. Which of the
following actions will the
insurance company take?
A life insurance policy which Waiver of Premium
ensures that the premium
will be paid if the insured
becomes disabled has what
kind of rider attached?
A producer must report to 30
the Commissioner of
Insurance any administrative
action or criminal charges
taken against the producer
within __ days of the final
disposition of the matter.
Guaranteed Insurability Option rider
A physician opens up a new
practice and qualifies for a
$7,000/month Disability
Income policy. What rider
would the physician add if he
wants the ability to increase
his policy benefit as his
practice and income grow?
, Which type of policy is Modified Endowment Contract
considered to be overfunded,
as stated by IRS guidelines?
How does a typical Variable Through mutual funds, stocks, bonds
Life Policy investment
account grow?
Which Federal law allows Fair Credit Reporting Act
an insurer to obtain an
inspection report on a
potential insured?
What is Medicare? is a hospital and medical expense insurance program
What kind of premium level
does a Whole Life policy
have?
T took out a $50,000 life 50,000
insurance policy with an
Accidental Death and
Dismemberment rider.
Five years later, T commits
suicide. How much will the
insurer pay?
Pre-hospitalization managed care
authorization is considered
an example of:
Under a Renewable Term the renewal premium is calculated on the basis of the insured's
policy, attained age
