5/23/25, 1:13 PM MS Life and Health Insurance Test EXAM QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) 100% SOL…
MS Life and Health Insurance Test EXAM
QUESTIONS AND VERIFIED ANSWERS
(DETAILED & ELABORATED) 100% SOLVED
2025!!
Save
Terms in this set (150)
Which of these do NOT Policy issued with a rating
constitute policy
delivery?
Which of these types of Variable Life
life insurance allows the
policyowner to have level
premiums and to also
choose from a selection
of investment options?
J, an Accidental Death The insurer will adjust the benefit to what the
and Dismemberment premiums paid would have purchased at the
(AD&D) policy holder, insured's actual age
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?
https://quizlet.com/1047422141/ms-life-and-health-insurance-test-exam-questions-and-verified-answers-detailed-elaborated-100-solved-2025-fla… 1/28
,5/23/25, 1:13 PM MS Life and Health Insurance Test EXAM QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) 100% SOL…
A life insurance policy Waiver of Premium
which ensures that the
premium will be paid if
the insured becomes
disabled has what kind of
rider attached?
A producer must report 30
to the Commissioner of
Insurance any
administrative action or
criminal charges taken
against the producer
within __ days of the final
disposition of the matter.
A physician opens up a Guaranteed Insurability Option rider
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 Through mutual funds, stocks, bonds
Variable Life Policy
investment account
grow?
Which Federal law allows Fair Credit Reporting Act
an insurer to obtain an
inspection report on a
potential insured?
https://quizlet.com/1047422141/ms-life-and-health-insurance-test-exam-questions-and-verified-answers-detailed-elaborated-100-solved-2025-fla… 2/28
, 5/23/25, 1:13 PM MS Life and Health Insurance Test EXAM QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) 100% SOL…
is a hospital and medical expense insurance
What is Medicare?
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
policy, the insured's attained age
T and S are named co- $0
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?
https://quizlet.com/1047422141/ms-life-and-health-insurance-test-exam-questions-and-verified-answers-detailed-elaborated-100-solved-2025-fla… 3/28
MS Life and Health Insurance Test EXAM
QUESTIONS AND VERIFIED ANSWERS
(DETAILED & ELABORATED) 100% SOLVED
2025!!
Save
Terms in this set (150)
Which of these do NOT Policy issued with a rating
constitute policy
delivery?
Which of these types of Variable Life
life insurance allows the
policyowner to have level
premiums and to also
choose from a selection
of investment options?
J, an Accidental Death The insurer will adjust the benefit to what the
and Dismemberment premiums paid would have purchased at the
(AD&D) policy holder, insured's actual age
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?
https://quizlet.com/1047422141/ms-life-and-health-insurance-test-exam-questions-and-verified-answers-detailed-elaborated-100-solved-2025-fla… 1/28
,5/23/25, 1:13 PM MS Life and Health Insurance Test EXAM QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) 100% SOL…
A life insurance policy Waiver of Premium
which ensures that the
premium will be paid if
the insured becomes
disabled has what kind of
rider attached?
A producer must report 30
to the Commissioner of
Insurance any
administrative action or
criminal charges taken
against the producer
within __ days of the final
disposition of the matter.
A physician opens up a Guaranteed Insurability Option rider
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 Through mutual funds, stocks, bonds
Variable Life Policy
investment account
grow?
Which Federal law allows Fair Credit Reporting Act
an insurer to obtain an
inspection report on a
potential insured?
https://quizlet.com/1047422141/ms-life-and-health-insurance-test-exam-questions-and-verified-answers-detailed-elaborated-100-solved-2025-fla… 2/28
, 5/23/25, 1:13 PM MS Life and Health Insurance Test EXAM QUESTIONS AND VERIFIED ANSWERS (DETAILED & ELABORATED) 100% SOL…
is a hospital and medical expense insurance
What is Medicare?
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
policy, the insured's attained age
T and S are named co- $0
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?
https://quizlet.com/1047422141/ms-life-and-health-insurance-test-exam-questions-and-verified-answers-detailed-elaborated-100-solved-2025-fla… 3/28
