3/21/26, 2:35 PM MS Life and Health Insurance Test
Mississippi Life and Health Insurance Actual Final Exam 2026 \Exam
Most Recent Exam Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ || Guaranteed Success!!
Newest Exam | Just Released!!2026 -2027
Which of these do NOT constitute policy delivery?
Policy issued with a rating
Which of these types of life insurance allows the policyowner to have level
premiums and to also choose from a selection of investment options?
Variable Life
J, an Accidental Death and Dismemberment (AD&D) policy holder, dies after
injuries sustained in an accident. J's age as stated on the application five years
ago was found to be understated by ten years. Which of the following actions
will the insurance company take?
The insurer will adjust the benefit to what the premiums paid would have
purchased at the insured's actual age
A life insurance policy which ensures that the premium will be paid if the
insured becomes disabled has what kind of rider attached?
Waiver of Premium
1/26
,3/21/26, 2:35 PM MS Life and Health Insurance Test
A producer must report to the Commissioner of Insurance any administrative
action or criminal charges taken against the producer within __ days of the
final disposition of the matter.
30
A physician opens up a new practice and qualifies for a $7,000/month Disability
Income policy. What rider would the physician add if he wants the ability to
increase his policy benefit as his practice and income grow?
Guaranteed Insurability Option rider
Which type of policy is considered to be overfunded, as stated by IRS guidelines?
Modified Endowment Contract
How does a typical Variable Life Policy investment account grow?
Through mutual funds, stocks, bonds
Which Federal law allows an insurer to obtain an inspection report on a
potential insured?
Fair Credit Reporting Act
What is Medicare?
is a hospital and medical expense insurance program
2/26
, 3/21/26, 2:35 PM MS Life and Health Insurance Test
What kind of premium does a Whole Life policy have?
level
T took out a $50,000 life insurance policy with an Accidental Death and
Dismemberment rider. Five years later, T commits suicide. How much will the
insurer pay?
50,000
Pre-hospitalization authorization is considered an example of:
managed care
Under a Renewable Term policy,
the renewal premium is calculated on the basis of the insured's attained age
In a Life insurance contract, an insurance company's promise to pay stated
benefits is called the:
insuring clause
An insured must notify an insurer of a medical claim within how many days after
an accident?
20
Producers who write insurance primarily on themselves and their family are
engaged in
controlled buisness
3/26
Mississippi Life and Health Insurance Actual Final Exam 2026 \Exam
Most Recent Exam Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ || Guaranteed Success!!
Newest Exam | Just Released!!2026 -2027
Which of these do NOT constitute policy delivery?
Policy issued with a rating
Which of these types of life insurance allows the policyowner to have level
premiums and to also choose from a selection of investment options?
Variable Life
J, an Accidental Death and Dismemberment (AD&D) policy holder, dies after
injuries sustained in an accident. J's age as stated on the application five years
ago was found to be understated by ten years. Which of the following actions
will the insurance company take?
The insurer will adjust the benefit to what the premiums paid would have
purchased at the insured's actual age
A life insurance policy which ensures that the premium will be paid if the
insured becomes disabled has what kind of rider attached?
Waiver of Premium
1/26
,3/21/26, 2:35 PM MS Life and Health Insurance Test
A producer must report to the Commissioner of Insurance any administrative
action or criminal charges taken against the producer within __ days of the
final disposition of the matter.
30
A physician opens up a new practice and qualifies for a $7,000/month Disability
Income policy. What rider would the physician add if he wants the ability to
increase his policy benefit as his practice and income grow?
Guaranteed Insurability Option rider
Which type of policy is considered to be overfunded, as stated by IRS guidelines?
Modified Endowment Contract
How does a typical Variable Life Policy investment account grow?
Through mutual funds, stocks, bonds
Which Federal law allows an insurer to obtain an inspection report on a
potential insured?
Fair Credit Reporting Act
What is Medicare?
is a hospital and medical expense insurance program
2/26
, 3/21/26, 2:35 PM MS Life and Health Insurance Test
What kind of premium does a Whole Life policy have?
level
T took out a $50,000 life insurance policy with an Accidental Death and
Dismemberment rider. Five years later, T commits suicide. How much will the
insurer pay?
50,000
Pre-hospitalization authorization is considered an example of:
managed care
Under a Renewable Term policy,
the renewal premium is calculated on the basis of the insured's attained age
In a Life insurance contract, an insurance company's promise to pay stated
benefits is called the:
insuring clause
An insured must notify an insurer of a medical claim within how many days after
an accident?
20
Producers who write insurance primarily on themselves and their family are
engaged in
controlled buisness
3/26
