South Carolina Life & Health Exam Practice.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/South%20Carolina%20
South Carolina Life & Health Exam Practice
1. What is the purpose for having an accelerated death benefit on a life insurance
policy?
ANS It allows for cash advances to be paid
2. Premium for a modified whole life policy is
ANS lower then typical during first few years then higher then typical for the remainder
3. An eligible employee can be excluded from group health coverage for up to (blank)
months if he/she is considered a late enrollee
ANS 18 months
4. Kurt is an active duty serviceman who was recently killed in an accident while home on
leave.Which military service exclusion clause would pay upon his death?
ANS Results
5. Mortality is calculated by using a large risk pool of
ANS people and time
6. Field underwriting by the producer involves
ANS Completing the application and collecting initial premium
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,South Carolina Life & Health Exam Practice.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/South%20Carolina%20
7. The typical free look period for life insurance policies sold in South Carolina is _ days.
ANS 10
8. A carrier for a small group health plan may refuse to renew the plan if the employer
ANS fails to pay the premium
9. In South Carolina, the grace period for a life insurance policy is
days
ANS 31
10. A policyowner can receive a percentage payment of the death benefits prior ro
death by using what kind of contract?
ANS Viatical settlement agreement
11. When the Director is examining an insurer's books and records, the insur- er
ANS must NOT impede an examination
12. Loans obtained by a policyowner against the cash value of a life insurance policy
ANS would not be treated as taxable income
13. A common exclusion on a dental policy is
ANS Endodontics
14. Endodontics
ANS treatment of diseases of the pulp, nerves, blood vessels, and roots of the teeth; often
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