SC ACCIDENT. HEALTH, AND LIFE INSURANCE NEWEST
ACTUAL EXAM WITH COMPLETE QUESTIONS & ANSWERS /
GRADED A+/ VERFED/100% ACCURATE
Term Life Insurance
Which of the following policies does NOT build cash value?
Roth IRA
Which of these retirement plans do NOT qualify for a federal
income tax deduction?
Incontestable Clause
Which of the following protects a policy owner from a
misrepresentation caused by an innocent mistake?
indicates a preexisting condition
A proposed insured for a health insurance policy was treated
for heart disease within the past year. When applying for
health insurance, the heart disease treatment.69216
The Department of Insurance
Page | 1
,Which entity is responsible for regulation continuing education
requirements in South Carolina?
Implied authority
The power given to an individual producer that is not
specifically addressed in his/her contract is considered what
type of authority?
A good health statement
Upon policy delivery, which of the following myst a producer
have an applicant sign if no initial premium was collected with
the life insurance application?
Annuity Certain
Maria would like an annuity that provides a guaranteed
accumulation or payout. The type of annuity she is seeking is
called
Survivorship Life
The type of policy which pays on the death of the last person is
called
Malign another insurer
Page | 2
, Defamation occurs when a producer makes a false statement
intended to
A 70 year old NOT eligible for Social Security
*You are not eligible to receive Medicare Part A benefits at age
65 or older if you are eligible to receive Social Security
benefits
Part A Hospital coverage provided under Medicare is
automatically made available to each of the following EXCEPT
At the time of application
According to life insurance contract law, insurable interest
exists
the policy loan value which the insured may borrow against
A whole life insurance policy accumulates cash value that
becomes
upon changing his or her legal name
Page | 3
ACTUAL EXAM WITH COMPLETE QUESTIONS & ANSWERS /
GRADED A+/ VERFED/100% ACCURATE
Term Life Insurance
Which of the following policies does NOT build cash value?
Roth IRA
Which of these retirement plans do NOT qualify for a federal
income tax deduction?
Incontestable Clause
Which of the following protects a policy owner from a
misrepresentation caused by an innocent mistake?
indicates a preexisting condition
A proposed insured for a health insurance policy was treated
for heart disease within the past year. When applying for
health insurance, the heart disease treatment.69216
The Department of Insurance
Page | 1
,Which entity is responsible for regulation continuing education
requirements in South Carolina?
Implied authority
The power given to an individual producer that is not
specifically addressed in his/her contract is considered what
type of authority?
A good health statement
Upon policy delivery, which of the following myst a producer
have an applicant sign if no initial premium was collected with
the life insurance application?
Annuity Certain
Maria would like an annuity that provides a guaranteed
accumulation or payout. The type of annuity she is seeking is
called
Survivorship Life
The type of policy which pays on the death of the last person is
called
Malign another insurer
Page | 2
, Defamation occurs when a producer makes a false statement
intended to
A 70 year old NOT eligible for Social Security
*You are not eligible to receive Medicare Part A benefits at age
65 or older if you are eligible to receive Social Security
benefits
Part A Hospital coverage provided under Medicare is
automatically made available to each of the following EXCEPT
At the time of application
According to life insurance contract law, insurable interest
exists
the policy loan value which the insured may borrow against
A whole life insurance policy accumulates cash value that
becomes
upon changing his or her legal name
Page | 3
