IOWA Life And Health Insurance Verified
Multiple Choice and Conceptual Actual
Frequently Tested Exam Questions With
Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
A life insurance policy that provides both cash value accumulation and a
level face amount is called:
A. Term Life
B. Whole Life
C. Variable Life
D. Universal Life
A ________ rider may be added to a parent’s life policy to provide coverage
for children.
A. Family income
B. Term rider
C. Waiver of premium
D. Accidental death
What type of policy has a death benefit that decreases over time and is
written for a specific period?
A. Increasing Term
B. Level Term
,C. Decreasing Term
D. Whole Life
Which of the following is an example of unfair discrimination by an insurer?
A. Charging higher rates for high-risk applicants
B. Charging different premiums for individuals in the same risk class
C. Offering discounts for non-smokers
D. Declining coverage for high-risk applicants
What does a Disability Income policy provide?
A. Reimbursement for hospital expenses
B. Replacement of lost earnings due to illness or injury
C. Payment for medical bills only
D. A lump-sum death benefit
Which policy provision defines the benefits and amounts payable by the
insurer?
A. Consideration Clause
B. Insuring Clause
C. Entire Contract Clause
D. Reinstatement Clause
Who among the following is required to complete continuing education?
A. Non-resident producer only
B. Resident producer
C. Policyholder
D. Adjuster
, Under an Individual Health Insurance Policy, the “Time Limit on Certain
Defenses” provision states that non-fraudulent misstatements become
incontestable after:
A. One year from issue date
B. Two years from the date the policy was issued
C. Five years from the application date
D. Two years from the last premium payment
Which of the following is not a required provision in a group life policy?
A. Grace Period
B. Entire Contract
C. Accidental Death and Dismemberment
D. Incontestability
What is the maximum fixed interest rate that may be charged for a life policy
loan in Iowa?
A. 6%
B. 7%
C. 8%
D. 10%
1 If an insurer fails to provide claim forms within the required time frame,
the insured should:
A. Wait until the insurer provides the forms
B. Submit the claim in any written form
Multiple Choice and Conceptual Actual
Frequently Tested Exam Questions With
Reviewed 100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
A life insurance policy that provides both cash value accumulation and a
level face amount is called:
A. Term Life
B. Whole Life
C. Variable Life
D. Universal Life
A ________ rider may be added to a parent’s life policy to provide coverage
for children.
A. Family income
B. Term rider
C. Waiver of premium
D. Accidental death
What type of policy has a death benefit that decreases over time and is
written for a specific period?
A. Increasing Term
B. Level Term
,C. Decreasing Term
D. Whole Life
Which of the following is an example of unfair discrimination by an insurer?
A. Charging higher rates for high-risk applicants
B. Charging different premiums for individuals in the same risk class
C. Offering discounts for non-smokers
D. Declining coverage for high-risk applicants
What does a Disability Income policy provide?
A. Reimbursement for hospital expenses
B. Replacement of lost earnings due to illness or injury
C. Payment for medical bills only
D. A lump-sum death benefit
Which policy provision defines the benefits and amounts payable by the
insurer?
A. Consideration Clause
B. Insuring Clause
C. Entire Contract Clause
D. Reinstatement Clause
Who among the following is required to complete continuing education?
A. Non-resident producer only
B. Resident producer
C. Policyholder
D. Adjuster
, Under an Individual Health Insurance Policy, the “Time Limit on Certain
Defenses” provision states that non-fraudulent misstatements become
incontestable after:
A. One year from issue date
B. Two years from the date the policy was issued
C. Five years from the application date
D. Two years from the last premium payment
Which of the following is not a required provision in a group life policy?
A. Grace Period
B. Entire Contract
C. Accidental Death and Dismemberment
D. Incontestability
What is the maximum fixed interest rate that may be charged for a life policy
loan in Iowa?
A. 6%
B. 7%
C. 8%
D. 10%
1 If an insurer fails to provide claim forms within the required time frame,
the insured should:
A. Wait until the insurer provides the forms
B. Submit the claim in any written form
