60 Hour Florida 2-15 Health, Life and Annuity
Insurance License Exam Newest 2026 Questions
and Correct Detailed Answers Already Graded A+
What is the term for a proposal made by one party CORRECT ANSWER-
Acceptance offer
The value given in exchange for the promise sought? CORRECT ANSWER-
Consideration
What is the term in insurance that refers to when an applicant application is
submitted along with the first premium payment? CORRECT ANSWER-
Acceptance
A contract in which one party agrees to rob a bank in exchange for a desired
object would not be considered a valid and binding contract because? CORRECT
ANSWER-Legal purpose
What type of retirement plans does not meet certain requirements established by
the federal government and does not receive favorable tax treatment?
CORRECT ANSWER-Qualified plan
,A person who elects to retire at age 62 with Social Security retirement plans will
receive benefits equal to what percentage of their (PIA) CORRECT ANSWER-
70% to 75%
What is the tax treatment of premiums paid for personal life insurance policies by
individual policyowners? CORRECT ANSWER-Premiums are not deductible
from gross income and are considered personal expenses.
What is the minimum deductible for an individual and a family high-deductible
health plan (HDHPs)? CORRECT ANSWER-$1400 for individuals and $2,800 for
family coverage
How many ADLs must a person be unable to complete before they trigger LTC
policy benefits? CORRECT ANSWER-2 out of 6
COBRA CORRECT ANSWER-20
What type of health insurance policies are employers-provided health insurance
that can be picked and chosen from a menu of benefits in order to tailor their
benefits packages to their specific needs? CORRECT ANSWER-al a carte
, What coverage is designed to cover the cost associated with normal dental
maintenance, oral surgery, root canal therapy, and orthodontia? CORRECT
ANSWER-Dental Care
What provides a life insurance agent a timely opportunity to renew the contract
and its provision, exclusions, and riders once the policy has been issued?
CORRECT ANSWER-In-Person policy delivery
Name the policy that provides medical expense coverage for specific kinds of
illnesses and is available primarily due to the high costs associated with certain
illnesses such as cancer or heart disease. CORRECT ANSWER-
What source of underwriting information is a non-profit organization established
by a number of insurance companies and specifically focuses on an applicant's
medical history? CORRECT ANSWER-Medical Information Bureau
Life insurance arrangements where investors persuade individuals typically
seniors to take out new life insurance with the investors names as beneficiary are
known as what? CORRECT ANSWER-STOLI/IOLI
Stranger-Owned Life Insurance (STOLI)
Investor-Originated Life Insurance (IOLI)
Insurance License Exam Newest 2026 Questions
and Correct Detailed Answers Already Graded A+
What is the term for a proposal made by one party CORRECT ANSWER-
Acceptance offer
The value given in exchange for the promise sought? CORRECT ANSWER-
Consideration
What is the term in insurance that refers to when an applicant application is
submitted along with the first premium payment? CORRECT ANSWER-
Acceptance
A contract in which one party agrees to rob a bank in exchange for a desired
object would not be considered a valid and binding contract because? CORRECT
ANSWER-Legal purpose
What type of retirement plans does not meet certain requirements established by
the federal government and does not receive favorable tax treatment?
CORRECT ANSWER-Qualified plan
,A person who elects to retire at age 62 with Social Security retirement plans will
receive benefits equal to what percentage of their (PIA) CORRECT ANSWER-
70% to 75%
What is the tax treatment of premiums paid for personal life insurance policies by
individual policyowners? CORRECT ANSWER-Premiums are not deductible
from gross income and are considered personal expenses.
What is the minimum deductible for an individual and a family high-deductible
health plan (HDHPs)? CORRECT ANSWER-$1400 for individuals and $2,800 for
family coverage
How many ADLs must a person be unable to complete before they trigger LTC
policy benefits? CORRECT ANSWER-2 out of 6
COBRA CORRECT ANSWER-20
What type of health insurance policies are employers-provided health insurance
that can be picked and chosen from a menu of benefits in order to tailor their
benefits packages to their specific needs? CORRECT ANSWER-al a carte
, What coverage is designed to cover the cost associated with normal dental
maintenance, oral surgery, root canal therapy, and orthodontia? CORRECT
ANSWER-Dental Care
What provides a life insurance agent a timely opportunity to renew the contract
and its provision, exclusions, and riders once the policy has been issued?
CORRECT ANSWER-In-Person policy delivery
Name the policy that provides medical expense coverage for specific kinds of
illnesses and is available primarily due to the high costs associated with certain
illnesses such as cancer or heart disease. CORRECT ANSWER-
What source of underwriting information is a non-profit organization established
by a number of insurance companies and specifically focuses on an applicant's
medical history? CORRECT ANSWER-Medical Information Bureau
Life insurance arrangements where investors persuade individuals typically
seniors to take out new life insurance with the investors names as beneficiary are
known as what? CORRECT ANSWER-STOLI/IOLI
Stranger-Owned Life Insurance (STOLI)
Investor-Originated Life Insurance (IOLI)
