3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Mississippi Life and Health Insurance Actual 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
Absolute assignment
Policy assignment under which the assignee (person to whom the policy is
assigned) receives full control over the policy and also full rights to its benefits.
Generally, when a policy is assigned to secure
a debt, the owner retains all rights in the policy in excess of the debt, even though
the assignment is absolute in
form. (See assignment)
Accelerated benefits rider
A life insurance rider that allows for the early payment of some portion of the
policies face amount should the insured suffers from a terminal i l l n e s s or
injury.
Accidental bodily injury provision
Disability income or accident policy provision that requires that the
injury be accidental in order for benefits to be payable.
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,3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Accidental death and dismemberment (AD&D)
Insurance providing payment if the insured's death results
from an accident, if the insured accidentally severs a limb above the wrist or
ankle joints, or totally and irreversibly
Accidental death benefit rider
A life insurance policy rider providing for payment of an additional
benefit when death occurs by accidental means.
Accidental dismemberment
Often defined as "the severance of limbs at or above the wrists or ankle
joints, or the entire irrevocable loss of sight." Loss of use in itself may or not be
considered dismemberment.
Accidental means provision
Unforeseen, unexpected, unintended cause of an accident. Requirement of an
accident-based policy that the cause of the mishap must be accidental for any
claim to be payable.
Accident and health insurance
Under which benefits are payable in case of disease, accidental injury, or
accidental death. Also called health insurance, personal health insurance, and
sickness and accident insurance.
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,3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Accumulation unit
Premiums an annuitant pays into annuities are credited as accumulation units.
At the end of
the accumulation period, accumulation units are converted to annuity units.
Acquired immune deficiency syndrome (AIDS)
A life-threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict underwriting and claims
guidelines in regard to AIDS risks
and AIDS-related conditions.
Acute illness
A serious condition, such as pneumonia, from which the body can fully recover
with proper
medical attention.
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, 3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Adhesion
A life insurance policy is a contract of adhesion because buyers must adhere to
the terms of the
contract already in existence. They have no opportunity to negotiate terms, rates,
values, and so on.
Adjustable life insurance
Combines features of both term and whole life coverage with the length of
coverage and amount of accumulated cash value as the adjustable factors.
Premiums may be
increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only to the future.
Cancellable contract
Health insurance contract that may be terminated by the company or that is
renewable at its option.
Capital sum
Amount provided for accidental dismemberment or loss of eyesight.
Indemnities for loss of one
member or sight of one eye are percentages of the capital sum.
Career agency system
A method of marketing, selling, and distributing insurance, it is represented
by agencies or branch offices committed to the ongoing recruitment and
development of career agents.
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Mississippi Life and Health Insurance Actual 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
Absolute assignment
Policy assignment under which the assignee (person to whom the policy is
assigned) receives full control over the policy and also full rights to its benefits.
Generally, when a policy is assigned to secure
a debt, the owner retains all rights in the policy in excess of the debt, even though
the assignment is absolute in
form. (See assignment)
Accelerated benefits rider
A life insurance rider that allows for the early payment of some portion of the
policies face amount should the insured suffers from a terminal i l l n e s s or
injury.
Accidental bodily injury provision
Disability income or accident policy provision that requires that the
injury be accidental in order for benefits to be payable.
1/57
,3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Accidental death and dismemberment (AD&D)
Insurance providing payment if the insured's death results
from an accident, if the insured accidentally severs a limb above the wrist or
ankle joints, or totally and irreversibly
Accidental death benefit rider
A life insurance policy rider providing for payment of an additional
benefit when death occurs by accidental means.
Accidental dismemberment
Often defined as "the severance of limbs at or above the wrists or ankle
joints, or the entire irrevocable loss of sight." Loss of use in itself may or not be
considered dismemberment.
Accidental means provision
Unforeseen, unexpected, unintended cause of an accident. Requirement of an
accident-based policy that the cause of the mishap must be accidental for any
claim to be payable.
Accident and health insurance
Under which benefits are payable in case of disease, accidental injury, or
accidental death. Also called health insurance, personal health insurance, and
sickness and accident insurance.
2/57
,3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Accumulation unit
Premiums an annuitant pays into annuities are credited as accumulation units.
At the end of
the accumulation period, accumulation units are converted to annuity units.
Acquired immune deficiency syndrome (AIDS)
A life-threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict underwriting and claims
guidelines in regard to AIDS risks
and AIDS-related conditions.
Acute illness
A serious condition, such as pneumonia, from which the body can fully recover
with proper
medical attention.
3/57
, 3/21/26, 2:37 PM Mississippi Life and Health Insurance Flashcards
Adhesion
A life insurance policy is a contract of adhesion because buyers must adhere to
the terms of the
contract already in existence. They have no opportunity to negotiate terms, rates,
values, and so on.
Adjustable life insurance
Combines features of both term and whole life coverage with the length of
coverage and amount of accumulated cash value as the adjustable factors.
Premiums may be
increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only to the future.
Cancellable contract
Health insurance contract that may be terminated by the company or that is
renewable at its option.
Capital sum
Amount provided for accidental dismemberment or loss of eyesight.
Indemnities for loss of one
member or sight of one eye are percentages of the capital sum.
Career agency system
A method of marketing, selling, and distributing insurance, it is represented
by agencies or branch offices committed to the ongoing recruitment and
development of career agents.
4/57
