NEW YORK LIFE AND HEALTH
INSURANCE EXAM CHEAT SHEET
2026/2027 ACTUAL QUESTIONS WITH
VERIFIED ANSWERS.
Review Your Answers - correct answer-If time permits, double-
check your answers and ensure you didn't misinterpret any
questions.
Insurance Basics - correct answer-Understand risk, premiums,
and the basic types of life and health insurance.
Life Insurance Types - correct answer-Familiarize yourself with
term, whole, universal, and variable life policies.
Health Insurance - correct answer-Know the differences
between individual and group health insurance, as well as
managed care options.
Underwriting - correct answer-Grasp the factors affecting
underwriting and the different risk classifications.
, Regulations & Ethics - correct answer-Be aware of consumer
protections, state regulations, and ethical practices within the
insurance industry.
Policy Provisions - correct answer-Grace period,
incontestability, reinstatement.
Riders - correct answer-Waiver of premium, accidental death,
guaranteed insurability.
Health Insurance Terms - correct answer-Deductible,
coinsurance, copayment, out-of-pocket maximum.
Focus on Weak Areas - correct answer-Identify topics where
you feel less confident and allocate extra study time to those
areas.
INSURANCE EXAM CHEAT SHEET
2026/2027 ACTUAL QUESTIONS WITH
VERIFIED ANSWERS.
Review Your Answers - correct answer-If time permits, double-
check your answers and ensure you didn't misinterpret any
questions.
Insurance Basics - correct answer-Understand risk, premiums,
and the basic types of life and health insurance.
Life Insurance Types - correct answer-Familiarize yourself with
term, whole, universal, and variable life policies.
Health Insurance - correct answer-Know the differences
between individual and group health insurance, as well as
managed care options.
Underwriting - correct answer-Grasp the factors affecting
underwriting and the different risk classifications.
, Regulations & Ethics - correct answer-Be aware of consumer
protections, state regulations, and ethical practices within the
insurance industry.
Policy Provisions - correct answer-Grace period,
incontestability, reinstatement.
Riders - correct answer-Waiver of premium, accidental death,
guaranteed insurability.
Health Insurance Terms - correct answer-Deductible,
coinsurance, copayment, out-of-pocket maximum.
Focus on Weak Areas - correct answer-Identify topics where
you feel less confident and allocate extra study time to those
areas.
