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Kentucky Life & Health Exam Questions and Correct Answers
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Kentucky Life & Health Exam Questions and Correct Answers
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Kentucky Life & HealthLife insurance underwriting would consider which of these factors as unimportant?
Age of the applicant
Weight of the applicant
Marital status of the applicant
Gender of the applicant - Answer-Marital status of the applicant
The inducement of an insured to lapse, forfeit, or surrender an insurance policy by misrepresentation or
misleading comparisons, in order to write a new policy, is known as:
Rebating
Twisting
Commingling
Churning - Answer-Twisting
Michelle purchased a Long Term Care policy 12 months after suffering a stroke. Any future claims she
will have related to this stroke will be:
,denied
covered
covered only if additional premiums are paid
denied only if she was experiencing problems from the stroke at the time of application - Answer-
Covered
Most LTC policies do not cover conditions that existed during the 6 months before the policy effective
date. In this situation, the event occurred 12 months prior.
An owner has a life annuity which provides benefit payments for a minimum time period, no matter
when the annuitant dies. The feature of this annuity is called:
fixed period
period certain
installment refund
straight life - Answer-Period Certain
An annuity with period certain provides a life annuity with an extra guarantee for a certain period of
time. If the annuitant dies it will still guarantee payments to the survivor for another 10,15, 20 years.
Mike had both of his legs amputated after a boulder fell on them. He has a policy that pays a lump sum
benefit for this injury. What type of insurance does Mike have?
Catastrophic
,Accidental death and dismemberment
Major medical
Hospital expense - Answer-Accidental death and dismemberment
An accidental death and dismemberment policy pays a benefit in the event of accidental
dismemberment or loss of vision/hearing.
Which of these Nonforfeiture Options continue a build-up of cash value?
Waiver of Premium
Extended Term
Reduced Paid-Up
Cash Surrender - Answer-Reduced paid up
A Reduced Paid-Up option would provide continuing cash value build-up.
What type of life policy covers two people and pays upon the death of the last insured?
Shared
Survivorship
Adjustable
Joint - Answer-Survivorship
Which of the following questions may an insurer properly ask an applicant for insurance?
, Whether the applicant has ever tested positive for the HIV infection
Whether the applicant has ever been tested for the HIV infection
Whether the applicant has ever tested negative for the HIV infection
None of the above - Answer-Whether the applicant has ever tested positive for the HIV infection
Which type of life policy contains a monthly mortality charge as well as self-directed investment
choices?
Joint Life
Adjustable Life
Variable Universal Life
Universal Life - Answer-Variable Universal Life
Two agencies are competing for a new client. Agency A mentions to the prospective client that all of the
companies with which it does business are licensed in all U.S. States. It also mentions that Agency B may
not be dependable since it is only licensed in 42 States. Therefore, Agency A may have engaged in:
Perjury
Fraud
Defamation
Larceny - Answer-Defamation
The health insurance program which is administered by each state and funded by both the federal and
state governments is called:
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