South Carolina Insurance Exam
Questions 2025/2026 Exam All Answers
1
and Illustrations Given
An insurer is REQUIRED to offer which of the following to each long-term
care applicant at the time of purchase? - 🧠 ANSWER ✔✔Inflation protection
Which of these riders will pay a death benefit if the insured's spouse dies? -
🧠 ANSWER ✔✔Family term insurance rider
Disability income plans which require that the insurer can NEVER change
or alter premium rates are usually considered - 🧠 ANSWER
✔✔Nonconcellable
What is the required action to be taken by a South Carolina licensee before
operating under an assumed business name? - 🧠 ANSWER ✔✔Notify the
Director
The suicide clause of a life insurance policy states that if an insured
commits suicide within a stated period from the policy's inception, the
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,insurer will only be liable for a return of premiums paid - 🧠 ANSWER
✔✔minus indebtedness and without interest
2
If an annuitant dies before the annuity start date - 🧠 ANSWER ✔✔the
premiums paid plus interest will be given to the beneficiary
The purpose of the Coordination of Benefits provision in group accident
and health plans is to - 🧠 ANSWER ✔✔avoid overpayment of claims
The typical long-term care insurance policy is designed to provide a
minimum of___year(s) of coverage - 🧠 ANSWER ✔✔1
Decreasing term life insurance is often used to - 🧠 ANSWER ✔✔provide
coverage for a home mortgage
Which type of life insurance policy pays the face amount at the end of the
specified period if the insured is still alive? - 🧠 ANSWER ✔✔Endowment
policy
A life insurance policy normally contains a provision that restricts coverage
in the event of death under all of the following situations EXCEPT - 🧠
ANSWER ✔✔fare-paying passenger
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, All _____ policies must be guaranteed renewable. - 🧠 ANSWER ✔✔long-
term care
3
What type of injury would NOT be covered under a health insurance
policy? - 🧠 ANSWER ✔✔Work related
All of these are common exclusions to a life insurance policy EXCEPT - 🧠
ANSWER ✔✔accidental health
Which of the following decisions would a Health Savings Account (HSA)
owner NOT be able to make? - 🧠 ANSWER ✔✔The amount contributed by
the employer
A whole life insurance policy accumulates cash value that becomes - 🧠
ANSWER ✔✔the policy loan value which the insured may borrow against
Mike has inherited his father's traditional IRA. As beneficiary, he will pay
____ taxes on any money withdrawn. - 🧠 ANSWER ✔✔income
An interest-sensitive life insurance policyowner may be able to withdraw
the policy's cash value interest free. The provision that allows this is called
- 🧠 ANSWER ✔✔Partial Surrender
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions 2025/2026 Exam All Answers
1
and Illustrations Given
An insurer is REQUIRED to offer which of the following to each long-term
care applicant at the time of purchase? - 🧠 ANSWER ✔✔Inflation protection
Which of these riders will pay a death benefit if the insured's spouse dies? -
🧠 ANSWER ✔✔Family term insurance rider
Disability income plans which require that the insurer can NEVER change
or alter premium rates are usually considered - 🧠 ANSWER
✔✔Nonconcellable
What is the required action to be taken by a South Carolina licensee before
operating under an assumed business name? - 🧠 ANSWER ✔✔Notify the
Director
The suicide clause of a life insurance policy states that if an insured
commits suicide within a stated period from the policy's inception, the
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,insurer will only be liable for a return of premiums paid - 🧠 ANSWER
✔✔minus indebtedness and without interest
2
If an annuitant dies before the annuity start date - 🧠 ANSWER ✔✔the
premiums paid plus interest will be given to the beneficiary
The purpose of the Coordination of Benefits provision in group accident
and health plans is to - 🧠 ANSWER ✔✔avoid overpayment of claims
The typical long-term care insurance policy is designed to provide a
minimum of___year(s) of coverage - 🧠 ANSWER ✔✔1
Decreasing term life insurance is often used to - 🧠 ANSWER ✔✔provide
coverage for a home mortgage
Which type of life insurance policy pays the face amount at the end of the
specified period if the insured is still alive? - 🧠 ANSWER ✔✔Endowment
policy
A life insurance policy normally contains a provision that restricts coverage
in the event of death under all of the following situations EXCEPT - 🧠
ANSWER ✔✔fare-paying passenger
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, All _____ policies must be guaranteed renewable. - 🧠 ANSWER ✔✔long-
term care
3
What type of injury would NOT be covered under a health insurance
policy? - 🧠 ANSWER ✔✔Work related
All of these are common exclusions to a life insurance policy EXCEPT - 🧠
ANSWER ✔✔accidental health
Which of the following decisions would a Health Savings Account (HSA)
owner NOT be able to make? - 🧠 ANSWER ✔✔The amount contributed by
the employer
A whole life insurance policy accumulates cash value that becomes - 🧠
ANSWER ✔✔the policy loan value which the insured may borrow against
Mike has inherited his father's traditional IRA. As beneficiary, he will pay
____ taxes on any money withdrawn. - 🧠 ANSWER ✔✔income
An interest-sensitive life insurance policyowner may be able to withdraw
the policy's cash value interest free. The provision that allows this is called
- 🧠 ANSWER ✔✔Partial Surrender
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
