NEBRASKA LIFE AND HEALTH LICENSE EXAM QUESTIONS
AND ANSWERS LATEST DOWNLOADED 2025/2026 A
COMPLETE SOLUTION WITH 100% CORRECT
SOLVED/VERIFIED BEST RATED A+ FOR SUCCESS
Which of the following statements about the renewability of small group plans is NOT true?
- CORRECT ANSWERS Plans can be canceled only after the insurer provides 180
days' prior notice.
Which of the following will happen if the outstanding balance of a whole life insurance
policy loan, including accrued interest, ever exceeds the policy's cash value? - CORRECT
ANSWERS The insurer will cancel the policy.
Frank intends to use his life insurance to make the down payment on a vacation home. In so
doing, Frank is using which of the following? - CORRECT ANSWERS the policy's cash
value
Sandy and Cindy are healthy, are both 45 years old, and have similar life expectancies.
Though they are insured by the same company, Sandy's life insurance premiums are
considerably lower than Cindy's. What may this indicate a case of? - CORRECT
ANSWERS unfair discrimination
When Terry applied for his life insurance policy four years ago, he omitted any information
in the application related to treatment he had received several years earlier for a serious
chronic illness. Which of the following actions can the insurance company take when it
learns of the omission? - CORRECT ANSWERS nothing
Which disability would most likely qualify for a full benefit under the presumption of
disability provision? - CORRECT ANSWERS loss of eyesight
How does a family income policy differ from a family maintenance policy? - CORRECT
ANSWERS A family income policy combines whole life insurance with decreasing term
insurance, while a family maintenance policy combines whole life and level term insurance.
Brent fails to pay his premium when due, and his life insurance policy lapses. Two years
later, he pays the premium. The insurer accepts the payment, and the policy continues in
force. Which provision allows this to happen? - CORRECT ANSWERS reinstatement
,NEBRASKA LIFE AND HEALTH LICENSE EXAM QUESTIONS
AND ANSWERS LATEST DOWNLOADED 2025/2026 A
COMPLETE SOLUTION WITH 100% CORRECT
SOLVED/VERIFIED BEST RATED A+ FOR SUCCESS
Emily, age 48, withdrew $8,000 from her SIMPLE plan to buy a car. How much penalty tax
will she owe? - CORRECT ANSWERS $800
The guaranteed renewability provision in a health insurance policy guarantees that the
policy can be renewed until the insured: - CORRECT ANSWERS reaches age 65
An insurable interest will typically be presumed in all of the following types of relationships
EXCEPT: - CORRECT ANSWERS neighbor and friend
Which statement is correct about the taxation of health insurance expenses? - CORRECT
ANSWERS Premiums paid for individual disability income insurance are not deductible.
Three times a week, Ernest pays for a licensed nurse to come to his house and help with his
diabetes management. The nurse also helps with everyday tasks such as bathing and eating.
Which type of care is Ernest receiving? - CORRECT ANSWERS home health care
When acting in the best interests of applicants and insureds, producers must: - CORRECT
ANSWERS give all important information about a proposed policy
Sasha, Kendall, Adam, and Julio are licensed producers in Nebraska. The Director would NOT
be able to suspend or revoke which producer's license for engaging in the following acts? -
CORRECT ANSWERS Sasha, who sold insurance policies to family members and
friends this year
Which of the following statements about health insurance advertisements is NOT correct? -
CORRECT ANSWERS Advertisements must disclose that policyholders are protected
by the Nebraska Life and Health Insurance Guaranty Association.
, NEBRASKA LIFE AND HEALTH LICENSE EXAM QUESTIONS
AND ANSWERS LATEST DOWNLOADED 2025/2026 A
COMPLETE SOLUTION WITH 100% CORRECT
SOLVED/VERIFIED BEST RATED A+ FOR SUCCESS
Dental plans commonly group covered treatment and benefits into how many classes? -
CORRECT ANSWERS three
Which of the following best describes insurable interest? - CORRECT ANSWERS It
refers to the financial relationship between the policyowner and the insured person or
property.
When meeting with a prospect to discuss life insurance, Agent Tyler makes disparaging
comments about the financial stability and reputation of a competitor to dissuade the
prospect from purchasing its policies. Which unfair trade practice has Agent Tyler
committed? - CORRECT ANSWERS A. defamation
Tom is employed by Acme Industries and covered by its group long-term disability income
policy. Acme pays 80 percent of the premium. Tom pays 20 percent of the premium. He
becomes disabled and receives a monthly benefit payment. How much of this benefit is
subject to federal income tax? - CORRECT ANSWERS 80%
Which type of long-term care is provided outside a person's home for groups of adults who
are physically or mentally disabled, on less than a 24-hour basis? - CORRECT
ANSWERS adult day care
All the following statements regarding split-dollar life insurance plans are correct EXCEPT: -
CORRECT ANSWERS The employer pays the entire premium and the employee
receives the policy benefits.
Darlene failed to pay the premium on her individual health insurance policy, which was due
on October 1. She can avoid lapsing the policy if she pays the premium before what date? -
CORRECT ANSWERS October 31
All of the following statements about life insurance policy long-term care riders are correct,
EXCEPT: - CORRECT ANSWERS An insured must first be hospitalized before
qualifying for LTC benefit payments
AND ANSWERS LATEST DOWNLOADED 2025/2026 A
COMPLETE SOLUTION WITH 100% CORRECT
SOLVED/VERIFIED BEST RATED A+ FOR SUCCESS
Which of the following statements about the renewability of small group plans is NOT true?
- CORRECT ANSWERS Plans can be canceled only after the insurer provides 180
days' prior notice.
Which of the following will happen if the outstanding balance of a whole life insurance
policy loan, including accrued interest, ever exceeds the policy's cash value? - CORRECT
ANSWERS The insurer will cancel the policy.
Frank intends to use his life insurance to make the down payment on a vacation home. In so
doing, Frank is using which of the following? - CORRECT ANSWERS the policy's cash
value
Sandy and Cindy are healthy, are both 45 years old, and have similar life expectancies.
Though they are insured by the same company, Sandy's life insurance premiums are
considerably lower than Cindy's. What may this indicate a case of? - CORRECT
ANSWERS unfair discrimination
When Terry applied for his life insurance policy four years ago, he omitted any information
in the application related to treatment he had received several years earlier for a serious
chronic illness. Which of the following actions can the insurance company take when it
learns of the omission? - CORRECT ANSWERS nothing
Which disability would most likely qualify for a full benefit under the presumption of
disability provision? - CORRECT ANSWERS loss of eyesight
How does a family income policy differ from a family maintenance policy? - CORRECT
ANSWERS A family income policy combines whole life insurance with decreasing term
insurance, while a family maintenance policy combines whole life and level term insurance.
Brent fails to pay his premium when due, and his life insurance policy lapses. Two years
later, he pays the premium. The insurer accepts the payment, and the policy continues in
force. Which provision allows this to happen? - CORRECT ANSWERS reinstatement
,NEBRASKA LIFE AND HEALTH LICENSE EXAM QUESTIONS
AND ANSWERS LATEST DOWNLOADED 2025/2026 A
COMPLETE SOLUTION WITH 100% CORRECT
SOLVED/VERIFIED BEST RATED A+ FOR SUCCESS
Emily, age 48, withdrew $8,000 from her SIMPLE plan to buy a car. How much penalty tax
will she owe? - CORRECT ANSWERS $800
The guaranteed renewability provision in a health insurance policy guarantees that the
policy can be renewed until the insured: - CORRECT ANSWERS reaches age 65
An insurable interest will typically be presumed in all of the following types of relationships
EXCEPT: - CORRECT ANSWERS neighbor and friend
Which statement is correct about the taxation of health insurance expenses? - CORRECT
ANSWERS Premiums paid for individual disability income insurance are not deductible.
Three times a week, Ernest pays for a licensed nurse to come to his house and help with his
diabetes management. The nurse also helps with everyday tasks such as bathing and eating.
Which type of care is Ernest receiving? - CORRECT ANSWERS home health care
When acting in the best interests of applicants and insureds, producers must: - CORRECT
ANSWERS give all important information about a proposed policy
Sasha, Kendall, Adam, and Julio are licensed producers in Nebraska. The Director would NOT
be able to suspend or revoke which producer's license for engaging in the following acts? -
CORRECT ANSWERS Sasha, who sold insurance policies to family members and
friends this year
Which of the following statements about health insurance advertisements is NOT correct? -
CORRECT ANSWERS Advertisements must disclose that policyholders are protected
by the Nebraska Life and Health Insurance Guaranty Association.
, NEBRASKA LIFE AND HEALTH LICENSE EXAM QUESTIONS
AND ANSWERS LATEST DOWNLOADED 2025/2026 A
COMPLETE SOLUTION WITH 100% CORRECT
SOLVED/VERIFIED BEST RATED A+ FOR SUCCESS
Dental plans commonly group covered treatment and benefits into how many classes? -
CORRECT ANSWERS three
Which of the following best describes insurable interest? - CORRECT ANSWERS It
refers to the financial relationship between the policyowner and the insured person or
property.
When meeting with a prospect to discuss life insurance, Agent Tyler makes disparaging
comments about the financial stability and reputation of a competitor to dissuade the
prospect from purchasing its policies. Which unfair trade practice has Agent Tyler
committed? - CORRECT ANSWERS A. defamation
Tom is employed by Acme Industries and covered by its group long-term disability income
policy. Acme pays 80 percent of the premium. Tom pays 20 percent of the premium. He
becomes disabled and receives a monthly benefit payment. How much of this benefit is
subject to federal income tax? - CORRECT ANSWERS 80%
Which type of long-term care is provided outside a person's home for groups of adults who
are physically or mentally disabled, on less than a 24-hour basis? - CORRECT
ANSWERS adult day care
All the following statements regarding split-dollar life insurance plans are correct EXCEPT: -
CORRECT ANSWERS The employer pays the entire premium and the employee
receives the policy benefits.
Darlene failed to pay the premium on her individual health insurance policy, which was due
on October 1. She can avoid lapsing the policy if she pays the premium before what date? -
CORRECT ANSWERS October 31
All of the following statements about life insurance policy long-term care riders are correct,
EXCEPT: - CORRECT ANSWERS An insured must first be hospitalized before
qualifying for LTC benefit payments
