Louisiana life and health insurance Updated
Exam 2026 WITH Recent Newest Verified And
Well Analyzed Exam Questions (Actual Exam
2026-2027) Correct Detailed & Verified
ANSWERS (100% Accurate Solutions) ALREADY
GRADED A+||NEWEST VERSION Of The Exam
Guarantee Pass!!
Which of the following policies does NOT build cash value?
• Term
• Straight Life
• Endowment
• Variable Life - ANSWERS-TERM
Term life insurance does not build cash value.
The least expensive option to pay off a 30-year mortgage balance would be?
• convertible term life
• decreasing term life
• adiustable term life
• increasing term life - ANSWERS-Decreasing Term Life
Which type of policy combines the flexibility of a universal life policy with investment
choices?
• Adiustable universal life policy
,• Flexible universal life policy
• Variable universal life policy
• Modified universal life policy - ANSWERS-Variable Universal Life Policy
When the structure and flexibility of a universal life policy are combined with investment
choices, the result is a variable universal life policy.
Which of these is NOT subject to income taxation under a Modified Endowment
Contract (MEC)?
• Loan against the cash value
• Policy withdrawal
• Policy dividend
• Death benefit - ANSWERS-Death Benefit
The death benefit would NOT be subject to income tax under a Modified Endowment
Contract (MEC).
A limited payment whole life policy provides?
• protection for 20 ears
• lifetime protection
• protection for more than one person
• discounted premiums - ANSWERS-Lifetime Protection
Premiums on limited payment whole life insurance are paid for a limited number of
years, but the benefits last a lifetime.
A life insurance policy written on one contract for two people in which it is payable upon
the first death is called?
,•Split
• Shared
• Joint
• Survivorship - ANSWERS-Joint
A joint life insurance policy covers the lives of two people and is payable upon the first
death.
What kind of life insurance policy covers two or more people with the death benefit
payable upon the last person's death?
• Dual Life insurance
• Joint Life insurance
• Last Survivor Life insurance
• Shared Life insurance - ANSWERS-Last Survivor Life Insurance
Coverage of two or more individuals with the death benefit payable upon the last
person's death is a feature of last survivor insurance.
A life insurance policy that is subject to a contract interest rate is referred to as?
• adiustable life
• group life
• term life
• universal life - ANSWERS-Universal Life
Universal life is subject to a contract interest rate or a current annual interest rate.
, Term insurance is appropriate for someone who?
• seeks living benefits for themselves
• seeks a policy that builds cash value
• seeks temporary protection and lower premiums
• seeks permanent protection and higher premiums - ANSWERS-Seeks temporary
protection and lower premiums
What happens to the coverage under a children's term rider when that child reaches a
certain specified age?
• Coverage decreases automatically
• Coverage increases automatically
• Coverage remains as long as proof of insurability is provided
• Coverage is eliminated - ANSWERS-Coverage is eliminated
When a child reaches a certain specified age under a children's term rider, he or she is
eliminated from coverage.
A life insurance policy that has premiums fully paid up within a stated time period is
called?
• stated payment insurance
• limited universal insurance
• stated modified insurance
• limited payment insurance - ANSWERS-Limited Payment Insurance
Limited payment insurance is characterized by premiums that are fully paid up within a
stated period, after which no further premiums are required.
A partial surrender is allowed in which of the following life policies?
• Adjustable whole life
• Universal life
• Decreasing term life
• Limited whole life - ANSWERS-Universal Life
Exam 2026 WITH Recent Newest Verified And
Well Analyzed Exam Questions (Actual Exam
2026-2027) Correct Detailed & Verified
ANSWERS (100% Accurate Solutions) ALREADY
GRADED A+||NEWEST VERSION Of The Exam
Guarantee Pass!!
Which of the following policies does NOT build cash value?
• Term
• Straight Life
• Endowment
• Variable Life - ANSWERS-TERM
Term life insurance does not build cash value.
The least expensive option to pay off a 30-year mortgage balance would be?
• convertible term life
• decreasing term life
• adiustable term life
• increasing term life - ANSWERS-Decreasing Term Life
Which type of policy combines the flexibility of a universal life policy with investment
choices?
• Adiustable universal life policy
,• Flexible universal life policy
• Variable universal life policy
• Modified universal life policy - ANSWERS-Variable Universal Life Policy
When the structure and flexibility of a universal life policy are combined with investment
choices, the result is a variable universal life policy.
Which of these is NOT subject to income taxation under a Modified Endowment
Contract (MEC)?
• Loan against the cash value
• Policy withdrawal
• Policy dividend
• Death benefit - ANSWERS-Death Benefit
The death benefit would NOT be subject to income tax under a Modified Endowment
Contract (MEC).
A limited payment whole life policy provides?
• protection for 20 ears
• lifetime protection
• protection for more than one person
• discounted premiums - ANSWERS-Lifetime Protection
Premiums on limited payment whole life insurance are paid for a limited number of
years, but the benefits last a lifetime.
A life insurance policy written on one contract for two people in which it is payable upon
the first death is called?
,•Split
• Shared
• Joint
• Survivorship - ANSWERS-Joint
A joint life insurance policy covers the lives of two people and is payable upon the first
death.
What kind of life insurance policy covers two or more people with the death benefit
payable upon the last person's death?
• Dual Life insurance
• Joint Life insurance
• Last Survivor Life insurance
• Shared Life insurance - ANSWERS-Last Survivor Life Insurance
Coverage of two or more individuals with the death benefit payable upon the last
person's death is a feature of last survivor insurance.
A life insurance policy that is subject to a contract interest rate is referred to as?
• adiustable life
• group life
• term life
• universal life - ANSWERS-Universal Life
Universal life is subject to a contract interest rate or a current annual interest rate.
, Term insurance is appropriate for someone who?
• seeks living benefits for themselves
• seeks a policy that builds cash value
• seeks temporary protection and lower premiums
• seeks permanent protection and higher premiums - ANSWERS-Seeks temporary
protection and lower premiums
What happens to the coverage under a children's term rider when that child reaches a
certain specified age?
• Coverage decreases automatically
• Coverage increases automatically
• Coverage remains as long as proof of insurability is provided
• Coverage is eliminated - ANSWERS-Coverage is eliminated
When a child reaches a certain specified age under a children's term rider, he or she is
eliminated from coverage.
A life insurance policy that has premiums fully paid up within a stated time period is
called?
• stated payment insurance
• limited universal insurance
• stated modified insurance
• limited payment insurance - ANSWERS-Limited Payment Insurance
Limited payment insurance is characterized by premiums that are fully paid up within a
stated period, after which no further premiums are required.
A partial surrender is allowed in which of the following life policies?
• Adjustable whole life
• Universal life
• Decreasing term life
• Limited whole life - ANSWERS-Universal Life
