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SC ACCIDENT. HEALTH, AND LIFE INSURANCE
EXAM 2025 BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
1. Which of the following decisions would a Health Savings
Account (HSA) owner NOT be able to make? - correct answer -
The amount contributed by the employer
2. Jonas is a whole life insurance policyowner and would like to
add coverage for his two children. Which of the following
products would allow him to accomplish this? - correct answer -
Child Term Rider
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3. Decreasing term life insurance is often used to - correct answer
-provide coverage for home mortgage
4. Intentional withholding of material facts that would affect an
insurance policy's validity is called a(n) - correct answer -
concealment
5. Coming from an insurance point of view, which of the following
is the main risk associated with disability? - correct answer -
loss of income
6. Credit accident and health plans are designed to - correct
answer -help pay off existing loans during periods of disability
7. Which type of rider will waive the premium on a child's life
insurance policy if the parent paying the premium dies? -
correct answer -payor benefit
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8. A non-contributory health insurance plan helps the insurer
avoid - correct answer -adverse selection
9. Premium mode is a term used to describe the - correct answer
-frequency of the premium payment
10. The grace period in SC is - correct answer -31 days
11. Under traditional IRA, interest earned is taxed - correct
answer -upon distribution
12. Small employees who are sponsored by an insurer to
provide group benefits to its employees are - correct answer -
MEWA (multiple employer welfare association)
13. Which of the following is INELIGIBLE to participate in a
Section 125 Plan? - correct answer -An S-Corp owner with a
greater than 2% share
SC ACCIDENT. HEALTH, AND LIFE INSURANCE
EXAM 2025 BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE
YOUR GRADES.
1. Which of the following decisions would a Health Savings
Account (HSA) owner NOT be able to make? - correct answer -
The amount contributed by the employer
2. Jonas is a whole life insurance policyowner and would like to
add coverage for his two children. Which of the following
products would allow him to accomplish this? - correct answer -
Child Term Rider
, Page | 2
3. Decreasing term life insurance is often used to - correct answer
-provide coverage for home mortgage
4. Intentional withholding of material facts that would affect an
insurance policy's validity is called a(n) - correct answer -
concealment
5. Coming from an insurance point of view, which of the following
is the main risk associated with disability? - correct answer -
loss of income
6. Credit accident and health plans are designed to - correct
answer -help pay off existing loans during periods of disability
7. Which type of rider will waive the premium on a child's life
insurance policy if the parent paying the premium dies? -
correct answer -payor benefit
, Page | 3
8. A non-contributory health insurance plan helps the insurer
avoid - correct answer -adverse selection
9. Premium mode is a term used to describe the - correct answer
-frequency of the premium payment
10. The grace period in SC is - correct answer -31 days
11. Under traditional IRA, interest earned is taxed - correct
answer -upon distribution
12. Small employees who are sponsored by an insurer to
provide group benefits to its employees are - correct answer -
MEWA (multiple employer welfare association)
13. Which of the following is INELIGIBLE to participate in a
Section 125 Plan? - correct answer -An S-Corp owner with a
greater than 2% share
