1 | Page
Louisiana Life, Accident and Health Practice Exam Test
Questions & Answers Questions and Correct Answers/
Latest Update / Already Graded
Select from the choices below the best description of a speculative risk?
Ans: Involving the possibility of a gain in addition to the uncertainty of loss
If there is a material change in an MEC contract, what is the first thing needing to
be done?
Ans: Another 7 pay test
Which of the following is not taxable?
Ans: Fixed amount installments
A premature distribution from a Roth IRA made before the age 59.5 is subject to
a 10% penalty tax unless:
Ans: It was used as a down payment on first home
Carlos cancels his life policy but instructs the insurance company to transfer the
cash value of his policy to an annuity. This non taxable transaction is called?
Ans: 1035 Exchange
Which of the following is a disadvantage to setup and participate in a qualified
retirement plan?
Ans: Immediate liquidity
All of these types of distributions that are exceptions to the 10% penalty rule
except:
© 2025/ 2026 | ® All rights reserved
, 2 | Page
Ans: New car purchase
Which of the following does not describe a 401(K) characteristics
Ans: Currently $49,000 maximum contribution
The following are examples of Qualified Retirement Plans except:
Ans: 501c(3)
Which of the following is not correct regarding Long Term Care
Ans: It provides different benefits for different levels of care
Medicare Select is a type of?
Ans: Medicare Supplement plan offered by an HMO
Which of the following statements is correct regarding Medicare Advantage
Ans: It can offer benefits that ate not covered by regular Medicare
Which of the following is correct with regards to the hospital insurance Part A
plan of Medicare
Ans: Insured must satisfy a deductible
Which of the following statements is correct about Part B of Medicare
Ans: An annual deductible is required
All of the following examples of groups that purchase group health insurance
except:
© 2025/ 2026 | ® All rights reserved
, 3 | Page
Ans: MEWA
The following are example of limited health plans except:
Ans: HMO
Ally wants a rider that will pay disability that social security will pay for one year,
assuming that social security should begin then. What type of rider should she
consider?
Ans: Additional monthly benefit (AMB)
How many QCs are necessary to be fully funded?
Ans: 40
If Bill has a type of disability plan that has benefits set at a percentage of income,
what type is it?
Ans: Employer Group
Ally wants to make sure that her benefits for her disability policy keep up with the
rate of inflation, what type of rider should she consider
Ans: COLA
How many QCs are necessary to be deemed partially insured
Ans: 6 in the last 13
If Jill has a type of disability plan that has benefits set at a flat amount per month,
what type is it?
© 2025/ 2026 | ® All rights reserved
, 4 | Page
Ans: Individual
The period before benefits begin is termed as all of the following except:
Ans: Pre-benefit period
Which of the following does Coinsurance describe?
Ans: a percentage the insured will pay after the deductible
If a health insurer does not pay a claim more than how many days after required a
1% per month penalty will begin?
Ans: 25 days
How many days after receiving notice of a claim does an insurer have to furnish
proof of loss forms?
Ans: 15
If Martha wants to pay her daughter's college tuition, which of the following can
be used as an education annuity?
Ans: Annuity Certain
The best description of a hazard is?
Ans: Condition that may increase the chance that a loss may occur
Choose from the following selections the best description of a premium?
Ans: The amount an insured pays for each unit of coverage. $7 for every $1,000
of coverage is an example.
© 2025/ 2026 | ® All rights reserved
Louisiana Life, Accident and Health Practice Exam Test
Questions & Answers Questions and Correct Answers/
Latest Update / Already Graded
Select from the choices below the best description of a speculative risk?
Ans: Involving the possibility of a gain in addition to the uncertainty of loss
If there is a material change in an MEC contract, what is the first thing needing to
be done?
Ans: Another 7 pay test
Which of the following is not taxable?
Ans: Fixed amount installments
A premature distribution from a Roth IRA made before the age 59.5 is subject to
a 10% penalty tax unless:
Ans: It was used as a down payment on first home
Carlos cancels his life policy but instructs the insurance company to transfer the
cash value of his policy to an annuity. This non taxable transaction is called?
Ans: 1035 Exchange
Which of the following is a disadvantage to setup and participate in a qualified
retirement plan?
Ans: Immediate liquidity
All of these types of distributions that are exceptions to the 10% penalty rule
except:
© 2025/ 2026 | ® All rights reserved
, 2 | Page
Ans: New car purchase
Which of the following does not describe a 401(K) characteristics
Ans: Currently $49,000 maximum contribution
The following are examples of Qualified Retirement Plans except:
Ans: 501c(3)
Which of the following is not correct regarding Long Term Care
Ans: It provides different benefits for different levels of care
Medicare Select is a type of?
Ans: Medicare Supplement plan offered by an HMO
Which of the following statements is correct regarding Medicare Advantage
Ans: It can offer benefits that ate not covered by regular Medicare
Which of the following is correct with regards to the hospital insurance Part A
plan of Medicare
Ans: Insured must satisfy a deductible
Which of the following statements is correct about Part B of Medicare
Ans: An annual deductible is required
All of the following examples of groups that purchase group health insurance
except:
© 2025/ 2026 | ® All rights reserved
, 3 | Page
Ans: MEWA
The following are example of limited health plans except:
Ans: HMO
Ally wants a rider that will pay disability that social security will pay for one year,
assuming that social security should begin then. What type of rider should she
consider?
Ans: Additional monthly benefit (AMB)
How many QCs are necessary to be fully funded?
Ans: 40
If Bill has a type of disability plan that has benefits set at a percentage of income,
what type is it?
Ans: Employer Group
Ally wants to make sure that her benefits for her disability policy keep up with the
rate of inflation, what type of rider should she consider
Ans: COLA
How many QCs are necessary to be deemed partially insured
Ans: 6 in the last 13
If Jill has a type of disability plan that has benefits set at a flat amount per month,
what type is it?
© 2025/ 2026 | ® All rights reserved
, 4 | Page
Ans: Individual
The period before benefits begin is termed as all of the following except:
Ans: Pre-benefit period
Which of the following does Coinsurance describe?
Ans: a percentage the insured will pay after the deductible
If a health insurer does not pay a claim more than how many days after required a
1% per month penalty will begin?
Ans: 25 days
How many days after receiving notice of a claim does an insurer have to furnish
proof of loss forms?
Ans: 15
If Martha wants to pay her daughter's college tuition, which of the following can
be used as an education annuity?
Ans: Annuity Certain
The best description of a hazard is?
Ans: Condition that may increase the chance that a loss may occur
Choose from the following selections the best description of a premium?
Ans: The amount an insured pays for each unit of coverage. $7 for every $1,000
of coverage is an example.
© 2025/ 2026 | ® All rights reserved
