Missouri State Exam Simulator - 145
Questions Weighted Exam 2026 Questions
and Answers 100% Pass Guaranteed
Convincing a prospective insured to buy an insurance policy based on
exaggerations is called - Correct answer-Misrepresentation
A nondisabled individual is first eligible for a Medicare Supplement policy at age -
Correct answer-65
In a qualified retirement plan, the yearly contributions to an employee's account: -
Correct answer-are restricted to maximum levels set by the IRS
What is the purpose of a Policy Summary? - Correct answer-It highlights the
critical parts of the policy issued
Jasmine is a salaried employee of an insurance company. Which of the following
duties would require her to be licensed as an insurance producer? - Correct answer-
Soliciting insurance policies
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
,J's Major Medical policy has a $2,000 deductible and an 80/20 Coinsurance clause.
If J is hospitalized and receives a bill for $10,000, J would pay: - Correct answer-
3,600
What kind of life insurance product covers children under their parent's policy? -
Correct answer-Term rider
A father who dies within 3 years after purchasing a life insurance policy on his
infant daughter can have the policy premiums waived under which provision? -
Correct answer-Payor Provision
A major medical policy typically: - Correct answer-provides benefits for
reasonable and necessary medical expenses, subject to policy limits
In Major Medical Expense policies, what is the intent of a Stop Loss provision? -
Correct answer-Limits an insured's out-of-pocket medical expenses
What type of life insurance gives the greatest amount of coverage for a limited
period of time? - Correct answer-
Which of these statements concerning an Individual Straight Life annuity is
accurate? - Correct answer-Payments are made to an annuitant for life
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
,Quarterly premium payments increase the annual cost of insurance because -
Correct answer-interest to the insurer is decreased while the administrative costs
are increased
Deductibles are used in health policies to lower: - Correct answer-overuse of
medical services
Which statement about a whole life policy is correct? - Correct answer-Cash value
may be borrowed against
When a policyowner cash surrenders a Universal Life insurance policy in it's early
years, this may be considered a red flag for a(n): - Correct answer-Anti-Money
Laundering violation
The sections of an insurance contract which limit coverage are called: - Correct
answer-exclusions
M is insured under a basic Hospital/Surgical Expense policy. A physician performs
surgery on M. What determines the claim M is eligible for? - Correct answer-
Determined by the terms of the policy
The situation in which a group of physicians are salaried employees and conduct
business in an HMO facility is called a(n): - Correct answer-closed panel
©COPYRIGHT 2025, ALL RIGHTS RESERVE 3
, With Disability Income insurance, an insurance company may limit the monthly
benefit amount a prospective policy holder may obtain because of the insured's: -
Correct answer-gross income at the time of purchase
The percentage of an individual's Primary Insurance Amount (PIA) determines the
benefits paid in which of the following programs? - Correct answer-Social Security
Disability Income
Which statement regarding the Change of Beneficiary provision is true? - Correct
answer-the policyowner can change the beneficiary
An IRA owner can start making withdrawals and NOT be subjected to a tax
penalty beginning at what age? - Correct answer-59 1/2
Which of these types of life insurance allows the policyowner to have level
premiums and to also choose from a selection of investment options? - Correct
answer-Variable Life
Which of the following types of policies BEST identifies one in which the cash
value may fluctuate to reflect changing assumptions regarding mortality cost,
interest, and expense factors? - Correct answer-Universal Life
©COPYRIGHT 2025, ALL RIGHTS RESERVE 4
Questions Weighted Exam 2026 Questions
and Answers 100% Pass Guaranteed
Convincing a prospective insured to buy an insurance policy based on
exaggerations is called - Correct answer-Misrepresentation
A nondisabled individual is first eligible for a Medicare Supplement policy at age -
Correct answer-65
In a qualified retirement plan, the yearly contributions to an employee's account: -
Correct answer-are restricted to maximum levels set by the IRS
What is the purpose of a Policy Summary? - Correct answer-It highlights the
critical parts of the policy issued
Jasmine is a salaried employee of an insurance company. Which of the following
duties would require her to be licensed as an insurance producer? - Correct answer-
Soliciting insurance policies
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
,J's Major Medical policy has a $2,000 deductible and an 80/20 Coinsurance clause.
If J is hospitalized and receives a bill for $10,000, J would pay: - Correct answer-
3,600
What kind of life insurance product covers children under their parent's policy? -
Correct answer-Term rider
A father who dies within 3 years after purchasing a life insurance policy on his
infant daughter can have the policy premiums waived under which provision? -
Correct answer-Payor Provision
A major medical policy typically: - Correct answer-provides benefits for
reasonable and necessary medical expenses, subject to policy limits
In Major Medical Expense policies, what is the intent of a Stop Loss provision? -
Correct answer-Limits an insured's out-of-pocket medical expenses
What type of life insurance gives the greatest amount of coverage for a limited
period of time? - Correct answer-
Which of these statements concerning an Individual Straight Life annuity is
accurate? - Correct answer-Payments are made to an annuitant for life
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
,Quarterly premium payments increase the annual cost of insurance because -
Correct answer-interest to the insurer is decreased while the administrative costs
are increased
Deductibles are used in health policies to lower: - Correct answer-overuse of
medical services
Which statement about a whole life policy is correct? - Correct answer-Cash value
may be borrowed against
When a policyowner cash surrenders a Universal Life insurance policy in it's early
years, this may be considered a red flag for a(n): - Correct answer-Anti-Money
Laundering violation
The sections of an insurance contract which limit coverage are called: - Correct
answer-exclusions
M is insured under a basic Hospital/Surgical Expense policy. A physician performs
surgery on M. What determines the claim M is eligible for? - Correct answer-
Determined by the terms of the policy
The situation in which a group of physicians are salaried employees and conduct
business in an HMO facility is called a(n): - Correct answer-closed panel
©COPYRIGHT 2025, ALL RIGHTS RESERVE 3
, With Disability Income insurance, an insurance company may limit the monthly
benefit amount a prospective policy holder may obtain because of the insured's: -
Correct answer-gross income at the time of purchase
The percentage of an individual's Primary Insurance Amount (PIA) determines the
benefits paid in which of the following programs? - Correct answer-Social Security
Disability Income
Which statement regarding the Change of Beneficiary provision is true? - Correct
answer-the policyowner can change the beneficiary
An IRA owner can start making withdrawals and NOT be subjected to a tax
penalty beginning at what age? - Correct answer-59 1/2
Which of these types of life insurance allows the policyowner to have level
premiums and to also choose from a selection of investment options? - Correct
answer-Variable Life
Which of the following types of policies BEST identifies one in which the cash
value may fluctuate to reflect changing assumptions regarding mortality cost,
interest, and expense factors? - Correct answer-Universal Life
©COPYRIGHT 2025, ALL RIGHTS RESERVE 4
