FINAL EXAM - LOUISIANA LIFE AND
HEALTH EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
When are group disability benefits considered to be tax-free to the insured? - CORRECT-
ANSWERSWhen the recipient pays the premiums
An insurable interest in each other's lives may exist in absence of an economic interest when
the individuals are - CORRECT-ANSWERSMarriage partners
What is the elimination period of an individual disability policy? - CORRECT-ANSWERSTime
period a disabled person must wait before benefits are paid
What happens to interest earned if the annuitant dies before the payout start date? -
CORRECT-ANSWERSIt is taxable
In which of the following situations would the insurer be liable for a loss? - CORRECT-
ANSWERSThe insured suffered an injury as an innocent bystander during a bank robbery
,In what form do disability income policies typically pay benefits? - CORRECT-
ANSWERSPeriodic income
Which of the following is typically NOT eligible for coverage in a group health policy? -
CORRECT-ANSWERSTemporary employee
Which of the following would be considered a possible applicant and contract policyholder for
group health benefits? - CORRECT-ANSWERSEmployer
A Medicare Supplement Policy is - CORRECT-ANSWERSdesigned to fill in the gaps of Part A
and Part B Medicare
Under a Modified Endowment Contract, what are the likely tax consequences? - CORRECT-
ANSWERSPre-death distributions will become taxable
In a Long-Term Care policy, activities of daily living (ADL's) can be each of the following
EXCEPT - CORRECT-ANSWERSTalking
, Which of the following is an annuity that is linked to a market-related index? - CORRECT-
ANSWERSEquity-indexed annuity
An insurer operating in the U.S. but headquartered outside the U.S. is - CORRECT-
ANSWERSan alien insurer
Group dental plans will frequently place a limit on annual benefits in order to minimize -
CORRECT-ANSWERSadverse selection
All of the following are considered to be fraud EXCEPT - CORRECT-ANSWERScollecting a
charge for insurance that is less than the charge applicable to that insurance
A producer's license in Louisiana must be renewed every - CORRECT-ANSWERSTwo years
An insured has a health plan that pays established amounts in accordance with a list of
injuries, surgical procedures, or other losses. This list is called a - CORRECT-ANSWERSbenefit
schedule
HEALTH EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
When are group disability benefits considered to be tax-free to the insured? - CORRECT-
ANSWERSWhen the recipient pays the premiums
An insurable interest in each other's lives may exist in absence of an economic interest when
the individuals are - CORRECT-ANSWERSMarriage partners
What is the elimination period of an individual disability policy? - CORRECT-ANSWERSTime
period a disabled person must wait before benefits are paid
What happens to interest earned if the annuitant dies before the payout start date? -
CORRECT-ANSWERSIt is taxable
In which of the following situations would the insurer be liable for a loss? - CORRECT-
ANSWERSThe insured suffered an injury as an innocent bystander during a bank robbery
,In what form do disability income policies typically pay benefits? - CORRECT-
ANSWERSPeriodic income
Which of the following is typically NOT eligible for coverage in a group health policy? -
CORRECT-ANSWERSTemporary employee
Which of the following would be considered a possible applicant and contract policyholder for
group health benefits? - CORRECT-ANSWERSEmployer
A Medicare Supplement Policy is - CORRECT-ANSWERSdesigned to fill in the gaps of Part A
and Part B Medicare
Under a Modified Endowment Contract, what are the likely tax consequences? - CORRECT-
ANSWERSPre-death distributions will become taxable
In a Long-Term Care policy, activities of daily living (ADL's) can be each of the following
EXCEPT - CORRECT-ANSWERSTalking
, Which of the following is an annuity that is linked to a market-related index? - CORRECT-
ANSWERSEquity-indexed annuity
An insurer operating in the U.S. but headquartered outside the U.S. is - CORRECT-
ANSWERSan alien insurer
Group dental plans will frequently place a limit on annual benefits in order to minimize -
CORRECT-ANSWERSadverse selection
All of the following are considered to be fraud EXCEPT - CORRECT-ANSWERScollecting a
charge for insurance that is less than the charge applicable to that insurance
A producer's license in Louisiana must be renewed every - CORRECT-ANSWERSTwo years
An insured has a health plan that pays established amounts in accordance with a list of
injuries, surgical procedures, or other losses. This list is called a - CORRECT-ANSWERSbenefit
schedule
