FLORIDA LIFE HEALTH AND ANNUITIES EXAM 2024-
2025 WITH VERIFIED QUESTIONS AND ANSWERS
GRADED A+
Accidental bodily injury provision - ANSWER- Benefits payable when injured by
accidental means
Accidental death and dismemberment - ANSWER- A plan specifically for accidental
death or loss of body parts
Accidental death benefit rider - ANSWER- Twice (or three times) the benefit will be paid
if the insured dies in an accident
Accidental dismemberment - ANSWER- Loss of a body part-state test actual loss not just
loss of use
Accidental means provision - ANSWER- Benefit only paid when the insured was not in
control of the accident
Accidental results provision - ANSWER- Benefit paid when accident occurred becauseof
any means; it just happened!
Accident and health insurance - ANSWER- Coverage for an insured disabled by
accident or illness
Accumulation unit - ANSWER- Purchased by premiums paid into variable annuity during
the annuitants working years
Acute illness - ANSWER- The one category of serious illness where the patient can fully
recover
Adhesion - ANSWER- Where all specifications of forms, brochures, and contracts are
pre-approved by the state
Adjustable life insurance - ANSWER- A combination term and whole life policy where it
is easy to change various factors
Administration services only (ASO) - ANSWER- Insurance company insists only with the
paperwork for self-insureds
Admitted insurer - ANSWER- Company approved, authorized, admitted, certified to do
business in the state
,Adult daycare - ANSWER- Where Alzheimers or similar patients can be monitored and
receive care during the day
Adverse selection - ANSWER- poor choices made by an underwriter when selectingrisks
Advertising code - ANSWER- What's ok and what's NOT okay in advertising... found
inside the Unfair Trade Practices Act
Agency - ANSWER- An office established for the purpose of selling insurance within the
state
Agent - ANSWER- Any licensed person who solicits insurance on behalf of an insurance
company
Agent's report - ANSWER- Part 3 of the application where the agent enters his/her
comments regarding the transaction
Aleatory - ANSWER- A chance/risk for both of the parties. It never works out to be equal
Alien insurer - ANSWER- Insurance company is located outside the USA
Ambulatory surgery - ANSWER- A neighborhood clinic commonly less expensive than
the costs from a hospital
American agency system - ANSWER- the same as the independent agency system
Annually renewable term (ART) - ANSWER- A term policy where the premium gradually
increases annually by age
Annuitant - ANSWER- The owner of an annuity
Annuity - ANSWER- A savings product created for the purpose of a lifetime income -
liquidating a sum of money
Annuity units - ANSWER- The calculated value of the payout portion of the contract in a
variable annuity
Any occupation - ANSWER- The category of work where the insured is able to perform
some/any occupation
Apparent authority - ANSWER- Based on what the company has provided to theiragents
-they can use the material
, Application - ANSWER- Used to ask questions to provide underwriters with a means of
determining data and risks
Appointment - ANSWER- A licensed agent must also be appointed by their company in
order to sell insurance
Approval receipt - ANSWER- A conditional receipt, which becomes effective only when
approved by the insurer
Assessment mutual insurer - ANSWER- An insurer, which assesses other policyholders
when a claim occurs
Assignment - ANSWER- A policy can be assigned to a different owner without approval
from beneficiaries or the insurer
Attained age - ANSWER- When converting from a term to whole life policy and using the
current age reached
Authority - ANSWER- Agent receives expressed (written), implied (business), apparent
(what the company has provided)
Authorized company - ANSWER- see admitted company
Automatic premium loan provision - ANSWER- Premium received from cash value of a
policy when client can't be found
Average indexed monthly earnings (AIME) - ANSWER- Used in the calculation of the
Social Security PIA
Average monthly wage (AMW) - ANSWER- Used in calculating the AIME above enroute
to obtaining the PIA
Aviation exclusion - ANSWER- Excluding the client from coverage while flying if theclient
is not a fare paying passenger (pilot)
Backdating - ANSWER- Using an earlier birth date as the policy effective date to save
age - backwards up to 6months
ZoomWords - ANSWER- A list of the important terms to be understood in preparing for
the insurance exams
Yearly Renewable Term Insurance (YRT) - ANSWER- The same as annually renewable
term (ARTs)
2025 WITH VERIFIED QUESTIONS AND ANSWERS
GRADED A+
Accidental bodily injury provision - ANSWER- Benefits payable when injured by
accidental means
Accidental death and dismemberment - ANSWER- A plan specifically for accidental
death or loss of body parts
Accidental death benefit rider - ANSWER- Twice (or three times) the benefit will be paid
if the insured dies in an accident
Accidental dismemberment - ANSWER- Loss of a body part-state test actual loss not just
loss of use
Accidental means provision - ANSWER- Benefit only paid when the insured was not in
control of the accident
Accidental results provision - ANSWER- Benefit paid when accident occurred becauseof
any means; it just happened!
Accident and health insurance - ANSWER- Coverage for an insured disabled by
accident or illness
Accumulation unit - ANSWER- Purchased by premiums paid into variable annuity during
the annuitants working years
Acute illness - ANSWER- The one category of serious illness where the patient can fully
recover
Adhesion - ANSWER- Where all specifications of forms, brochures, and contracts are
pre-approved by the state
Adjustable life insurance - ANSWER- A combination term and whole life policy where it
is easy to change various factors
Administration services only (ASO) - ANSWER- Insurance company insists only with the
paperwork for self-insureds
Admitted insurer - ANSWER- Company approved, authorized, admitted, certified to do
business in the state
,Adult daycare - ANSWER- Where Alzheimers or similar patients can be monitored and
receive care during the day
Adverse selection - ANSWER- poor choices made by an underwriter when selectingrisks
Advertising code - ANSWER- What's ok and what's NOT okay in advertising... found
inside the Unfair Trade Practices Act
Agency - ANSWER- An office established for the purpose of selling insurance within the
state
Agent - ANSWER- Any licensed person who solicits insurance on behalf of an insurance
company
Agent's report - ANSWER- Part 3 of the application where the agent enters his/her
comments regarding the transaction
Aleatory - ANSWER- A chance/risk for both of the parties. It never works out to be equal
Alien insurer - ANSWER- Insurance company is located outside the USA
Ambulatory surgery - ANSWER- A neighborhood clinic commonly less expensive than
the costs from a hospital
American agency system - ANSWER- the same as the independent agency system
Annually renewable term (ART) - ANSWER- A term policy where the premium gradually
increases annually by age
Annuitant - ANSWER- The owner of an annuity
Annuity - ANSWER- A savings product created for the purpose of a lifetime income -
liquidating a sum of money
Annuity units - ANSWER- The calculated value of the payout portion of the contract in a
variable annuity
Any occupation - ANSWER- The category of work where the insured is able to perform
some/any occupation
Apparent authority - ANSWER- Based on what the company has provided to theiragents
-they can use the material
, Application - ANSWER- Used to ask questions to provide underwriters with a means of
determining data and risks
Appointment - ANSWER- A licensed agent must also be appointed by their company in
order to sell insurance
Approval receipt - ANSWER- A conditional receipt, which becomes effective only when
approved by the insurer
Assessment mutual insurer - ANSWER- An insurer, which assesses other policyholders
when a claim occurs
Assignment - ANSWER- A policy can be assigned to a different owner without approval
from beneficiaries or the insurer
Attained age - ANSWER- When converting from a term to whole life policy and using the
current age reached
Authority - ANSWER- Agent receives expressed (written), implied (business), apparent
(what the company has provided)
Authorized company - ANSWER- see admitted company
Automatic premium loan provision - ANSWER- Premium received from cash value of a
policy when client can't be found
Average indexed monthly earnings (AIME) - ANSWER- Used in the calculation of the
Social Security PIA
Average monthly wage (AMW) - ANSWER- Used in calculating the AIME above enroute
to obtaining the PIA
Aviation exclusion - ANSWER- Excluding the client from coverage while flying if theclient
is not a fare paying passenger (pilot)
Backdating - ANSWER- Using an earlier birth date as the policy effective date to save
age - backwards up to 6months
ZoomWords - ANSWER- A list of the important terms to be understood in preparing for
the insurance exams
Yearly Renewable Term Insurance (YRT) - ANSWER- The same as annually renewable
term (ARTs)
