Exam (elaborations)
Nevada Life, Accident, Health Insurance Exam Practice 2024/25 RATED A+
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Nevada Life, Accident, Health Insurance Exam Practice 2024/25 RATED A+
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Nevada Life, Accident, Health InsuranceExam Practice 2024/25 RATED A+
Health care accounts and Dependent care accounts - What are the 2 types of Flexible
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Spending Accounts?
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Cash value is guaranteed - Concerning a Whole Life Policy, which of the following
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statements is correct?
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Unearned premiums are retained by the insurance company - According to the rights of
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renewability rider for cancellable policies, all of the following are correct about the
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cancellation of an individual insurance policy EXCEPT
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ii Assets - In a replacement situation, all of the following must be considered EXCEPT
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Be licensed as a life insurance producer - For an agent to sell continuous care coverage,
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the agent must meet all of the following requirements EXCEPT
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Insurance consultant - Which of the following licensees are not compensated directly
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related to the amount of insurance sold?
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3 Hours - Producers must complete how many hours of continuing education on the
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subject of ethics every licensing period?
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The more liberal "own occupation" - Which of the following definitions would make it
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easier to qualify for total disability benefits?
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ii Plan A - Which of the following must be present in all Medicare supplement plans?
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Premium receipt - Most agents try to collect the initial premium for submission with the
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application. When an agent collects the initial premium from the applicant, the agent
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should issue the applicant a
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Renewal provision - Which health insurance provision describes the insured's right to
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cancel coverage?
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ii Increasing Term - What type of insurance would be used for a Return of Premium rider?ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Recurrent disability - When an insurer combines two periods of disability into one, the
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insured must have suffered a
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It is designed to pay on a first dollar of expense basis - Which of the following is NOT true
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of a major-medical health insurance policy?
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, They earn lower interest rates than fixed annuities - Which of the following is NOT true
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regarding Equity Indexed Annuities?
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Individual members of the group may select the level of benefits for their own coverage -
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Underwriting a group health insurance plan that is paid for by the employer requires all of
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the following EXCEPT
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High-deductible health plan - To be eligible for a Health Savings Account, an individual
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must be covered by a
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ii Face amount - Which policy component decreases in decreasing term insurance?
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Acute care in a hospital - Which of the following is NOT covered under a long-term care
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policy?
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Term rider - Which of the following, when attached to a permanent life insurance policy,
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allows the policyowner to customize the policy to provide an additional amount of
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temporary insurance on the insured, or allows amounts of temporary insurance to cover
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other family members?
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Deferred - An individual has been making periodic premium payments on an annuity. The
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annuity income payments are schedules to begin after 1 year since the annuity was
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purchased what type of annuity is it?
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Daily care by medical personnel - What amount of care is provided in LTC's intermediate
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care?
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$500,000 - What is the maximum amount that the Nevada Life & Health Insurance
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Guaranty Association may be obligated to pay with respect to major medical insurance for
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one life?
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1 year - A life producer applying for a viatical settlement broker license may be exempt
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from the prelicensing education and examination requirement if the producer has held an
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active life license for at least how many years?
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The surviving beneficiary will continue receiving 2/3 of the benefit paid when both
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beneficiaries were alive - An insured has chosen joint and 2/3 survivor as the settlement
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option. What does this mean to the beneficiaries?
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ii Increasing term - What type of insurance would be used for a Return of Premium rider? ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii
Survivor protection - A producer is helping a married couple determine the financial needs
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of their children in the event one or both should die prematurely
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The benefit received is tax free - A corporation is the owner of the beneficiary of the key
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persion life policy. If the corporation collect the policy benefit, then
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