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MISSOURI LIFE AND HEALTH EXAM 2025|
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
In a Life insurance contract, an insurance company's promise to pay stated
benefits is called the:
a) insuring clause
b) consideration clause
c) entire contract
d) owner's rights - correct answer - insuring clause
under which circumstance MUST a health insurer have an expedited
grievance review procedure? - correct answer - when the enrollee's life or
health is jeapordized
The Consideration clause in a life insurance contract contains what
pertinent information? - correct answer - amount of premium payments and
when they are due
Long Term Care policies will usually pay for eligible benefits using which of
the following methods?
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a) delayed
b) fee for service
c) expense incurred
d) respite - correct answer - Expense incurred
T is receiving $3,000/month from a Disability Income policy in which T's
employer had paid the premiums. How are the $3,000 benefit payments
taxable? - correct answer - Benefits are taxable to T
A statement made by an insured in an insurance application that must be
true to the best of one's knowledge and which becomes a part of the
contract is known as - correct answer - a representation
Which long term care insurance statement is true? - correct answer - Pre-
existing conditions must be covered after the coverage has been in force
for six months
Pre-existing conditions are those for which medical advice or treatment was
recommended by or received from a health provider within 6 months
preceding the effective date of an individual long-term care policy.
which of the following is NOT allowed in regards to the Medigap (Medicare
Supplement) policy? - correct answer - Issuing an additional Medigap
policy to ensure no out-of-pocket exposure for the insured
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Jasmine is a salaried employee of an insurance company. Which of the
following duties would require her to be licensed as an insurance producer?
a) adjusting claims
b) underwriting insurance applications
c) administrative assistant to the VP of Sales
d) soliciting insurance policies - correct answer - Soliciting insurance
policies
All of these are characteristics of an Adjustable Life policy EXCEPT
a) adjustable premiums
b)adjustable premium payment period
c) combination of term and whole life insurance
d) face amount can be adjusted using policy dividends - correct answer -
face amount can be adjusted using policy dividends
The Director of Insurance is authorized
a) to enforce state laws relating to insurance
b) to pass state laws relating to insurance
c) to set insurance rates for foreign insurers
d) to set sales quotas - correct answer - to enforce state laws relating to
insurance
When a group accident and health policy is issued to an employer,
a) a blanket policy is issued to each employee
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b) the free-look period is 60 days
c) a policy is issued to the employer and a certificate is issued to each
employee
d) a certificate is issued to the employer and a policy is issued to each
employee - correct answer - a policy is issued to the employer and a
certificate is issued to each employee
which of the following statements is CORRECT about accelerated death
benefits? - correct answer - Must have a terminal illness to qualify.
T is covered by an Accidental Death and Dismemberment (AD&D) policy
that has an irrevocable beneficiary. What action will the insurance company
take if T requests a change of beneficiary? - correct answer - Request of
the change will be refused
which of these statements is INCORRECT regarding the federal income tax
treatment of life insurance
-Premiums are normally not tax deductible
-Cash dividends are normally not taxed
-Entire cash surrender value is taxable
-Proceeds are received tax-free if there is a named beneficiary - correct
answer - Entire cash surrender value is taxable
A producer is circulating incorrect information about the benefits of a policy.
This producer may be found guilty of
MISSOURI LIFE AND HEALTH EXAM 2025|
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
In a Life insurance contract, an insurance company's promise to pay stated
benefits is called the:
a) insuring clause
b) consideration clause
c) entire contract
d) owner's rights - correct answer - insuring clause
under which circumstance MUST a health insurer have an expedited
grievance review procedure? - correct answer - when the enrollee's life or
health is jeapordized
The Consideration clause in a life insurance contract contains what
pertinent information? - correct answer - amount of premium payments and
when they are due
Long Term Care policies will usually pay for eligible benefits using which of
the following methods?
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a) delayed
b) fee for service
c) expense incurred
d) respite - correct answer - Expense incurred
T is receiving $3,000/month from a Disability Income policy in which T's
employer had paid the premiums. How are the $3,000 benefit payments
taxable? - correct answer - Benefits are taxable to T
A statement made by an insured in an insurance application that must be
true to the best of one's knowledge and which becomes a part of the
contract is known as - correct answer - a representation
Which long term care insurance statement is true? - correct answer - Pre-
existing conditions must be covered after the coverage has been in force
for six months
Pre-existing conditions are those for which medical advice or treatment was
recommended by or received from a health provider within 6 months
preceding the effective date of an individual long-term care policy.
which of the following is NOT allowed in regards to the Medigap (Medicare
Supplement) policy? - correct answer - Issuing an additional Medigap
policy to ensure no out-of-pocket exposure for the insured
, Page |3
Jasmine is a salaried employee of an insurance company. Which of the
following duties would require her to be licensed as an insurance producer?
a) adjusting claims
b) underwriting insurance applications
c) administrative assistant to the VP of Sales
d) soliciting insurance policies - correct answer - Soliciting insurance
policies
All of these are characteristics of an Adjustable Life policy EXCEPT
a) adjustable premiums
b)adjustable premium payment period
c) combination of term and whole life insurance
d) face amount can be adjusted using policy dividends - correct answer -
face amount can be adjusted using policy dividends
The Director of Insurance is authorized
a) to enforce state laws relating to insurance
b) to pass state laws relating to insurance
c) to set insurance rates for foreign insurers
d) to set sales quotas - correct answer - to enforce state laws relating to
insurance
When a group accident and health policy is issued to an employer,
a) a blanket policy is issued to each employee
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b) the free-look period is 60 days
c) a policy is issued to the employer and a certificate is issued to each
employee
d) a certificate is issued to the employer and a policy is issued to each
employee - correct answer - a policy is issued to the employer and a
certificate is issued to each employee
which of the following statements is CORRECT about accelerated death
benefits? - correct answer - Must have a terminal illness to qualify.
T is covered by an Accidental Death and Dismemberment (AD&D) policy
that has an irrevocable beneficiary. What action will the insurance company
take if T requests a change of beneficiary? - correct answer - Request of
the change will be refused
which of these statements is INCORRECT regarding the federal income tax
treatment of life insurance
-Premiums are normally not tax deductible
-Cash dividends are normally not taxed
-Entire cash surrender value is taxable
-Proceeds are received tax-free if there is a named beneficiary - correct
answer - Entire cash surrender value is taxable
A producer is circulating incorrect information about the benefits of a policy.
This producer may be found guilty of
