SOUTH CAROLINA INSURANCE EXAM
BUNDLED EXAMS ACTUAL EXAMS 2026
COMPLETE QUESTIONS AND SOLUTIONS
GRADED A+
⩥ Which of these riders will pay a death benefit if the insured's spouse
dies? Answer: Family term insurance rider
⩥ Disability income plans which require that the insurer can NEVER
change or alter premium rates are usually considered Answer:
Nonconcellable
⩥ What is the required action to be taken by a South Carolina licensee
before operating under an assumed business name? Answer: Notify the
Director
⩥ The suicide clause of a life insurance policy states that if an insured
commits suicide within a stated period from the policy's inception, the
insurer will only be liable for a return of premiums paid Answer: minus
indebtedness and without interest
⩥ If an annuitant dies before the annuity start date Answer: the
premiums paid plus interest will be given to the beneficiary
,⩥ The purpose of the Coordination of Benefits provision in group
accident and health plans is to Answer: avoid overpayment of claims
⩥ The typical long-term care insurance policy is designed to provide a
minimum of___year(s) of coverage Answer: 1
⩥ Decreasing term life insurance is often used to Answer: provide
coverage for a home mortgage
⩥ Which type of life insurance policy pays the face amount at the end of
the specified period if the insured is still alive? Answer: Endowment
policy
⩥ A life insurance policy normally contains a provision that restricts
coverage in the event of death under all of the following situations
EXCEPT Answer: fare-paying passenger
⩥ All _____ policies must be guaranteed renewable. Answer: long-term
care
⩥ What type of injury would NOT be covered under a health insurance
policy? Answer: Work related
⩥ All of these are common exclusions to a life insurance policy
EXCEPT Answer: accidental health
, ⩥ Which of the following decisions would a Health Savings Account
(HSA) owner NOT be able to make? Answer: The amount contributed
by the employer
⩥ A whole life insurance policy accumulates cash value that becomes
Answer: the policy loan value which the insured may borrow against
⩥ Mike has inherited his father's traditional IRA. As beneficiary, he will
pay ____ taxes on any money withdrawn. Answer: income
⩥ An interest-sensitive life insurance policyowner may be able to
withdraw the policy's cash value interest free. The provision that allows
this is called Answer: Partial Surrender
⩥ Krissa purchases a 10-year level term life insurance policy that has a
death benefit of $200,000. Which of these statements is true? Answer:
The face amount and premium will remain constant over the 10-year
period
⩥ Kristi purchases an annuity that will pay her husband an income for
15 years. If he dies, this income will become payable to their children
for the remainder of the period. Kristi has what kind of annuity? Answer:
Temporary annuity certain
BUNDLED EXAMS ACTUAL EXAMS 2026
COMPLETE QUESTIONS AND SOLUTIONS
GRADED A+
⩥ Which of these riders will pay a death benefit if the insured's spouse
dies? Answer: Family term insurance rider
⩥ Disability income plans which require that the insurer can NEVER
change or alter premium rates are usually considered Answer:
Nonconcellable
⩥ What is the required action to be taken by a South Carolina licensee
before operating under an assumed business name? Answer: Notify the
Director
⩥ The suicide clause of a life insurance policy states that if an insured
commits suicide within a stated period from the policy's inception, the
insurer will only be liable for a return of premiums paid Answer: minus
indebtedness and without interest
⩥ If an annuitant dies before the annuity start date Answer: the
premiums paid plus interest will be given to the beneficiary
,⩥ The purpose of the Coordination of Benefits provision in group
accident and health plans is to Answer: avoid overpayment of claims
⩥ The typical long-term care insurance policy is designed to provide a
minimum of___year(s) of coverage Answer: 1
⩥ Decreasing term life insurance is often used to Answer: provide
coverage for a home mortgage
⩥ Which type of life insurance policy pays the face amount at the end of
the specified period if the insured is still alive? Answer: Endowment
policy
⩥ A life insurance policy normally contains a provision that restricts
coverage in the event of death under all of the following situations
EXCEPT Answer: fare-paying passenger
⩥ All _____ policies must be guaranteed renewable. Answer: long-term
care
⩥ What type of injury would NOT be covered under a health insurance
policy? Answer: Work related
⩥ All of these are common exclusions to a life insurance policy
EXCEPT Answer: accidental health
, ⩥ Which of the following decisions would a Health Savings Account
(HSA) owner NOT be able to make? Answer: The amount contributed
by the employer
⩥ A whole life insurance policy accumulates cash value that becomes
Answer: the policy loan value which the insured may borrow against
⩥ Mike has inherited his father's traditional IRA. As beneficiary, he will
pay ____ taxes on any money withdrawn. Answer: income
⩥ An interest-sensitive life insurance policyowner may be able to
withdraw the policy's cash value interest free. The provision that allows
this is called Answer: Partial Surrender
⩥ Krissa purchases a 10-year level term life insurance policy that has a
death benefit of $200,000. Which of these statements is true? Answer:
The face amount and premium will remain constant over the 10-year
period
⩥ Kristi purchases an annuity that will pay her husband an income for
15 years. If he dies, this income will become payable to their children
for the remainder of the period. Kristi has what kind of annuity? Answer:
Temporary annuity certain
