age 1 of 36
FLS FINAL EXAM STUDY GUIDE 2025/2026 COMPLETE
QUESTIONS WITH CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS <RECENT VERSION>
what is an insurance policy's grace period .....Answer.....period of
time after the premium is due but the policy remains in force.
What is the purpose for having an accelerated death benefit on
a life insurance policy? .....Answer.....It allows for cash advances
to be paid against the death benefit if the insured becomes
terminally ill.
which of the following is ineligible to participate in a section 125
Plan? .....Answer.....An S-Corp owner with a greater than 2%
share
,age 2 of 36
an annuitant .....Answer.....guaranteed lifetime withdrawal
benefit
How much does medicare .....Answer.....80%
which of the following employer tasks does a professional
employer organization normally handle?
.....Answer.....administration tasks
a stock insurance company .....Answer.....is owned exclusively by
its shareholders
an example of a primary care physician would be a
.....Answer.....internist
J is an agent .....Answer.....Coercion
all of the following are functions of an insuring clause except
.....Answer.....Primarily describes the free-look period
,age 3 of 36
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 .....Answer.....Benefit schedule
What type of insurance company is domiciled in England but
conducts business in Florida. .....Answer.....Alien
__ is NOT an element of a valid contract
.....Answer.....countersignature
According to florida law .....Answer.....require evidence of
insurability
A long-term care lapse notice must be delivered to both the
applicant and .....Answer.....beneficiary
The type of policy wher .....Answer.....cancelable
, age 4 of 36
What is the name of the provision which sates that a copy of the
application must be attached to the policy when issued?
.....Answer.....Entire contract
Which of the following is considered to be an alternative to a
life settlement .....Answer.....accelerated death benefit rider
Which of these describes .....Answer.....Pre-death distributions
are typically taxable
Kelly purchases .....Answer.....Specific reasons stated in the
contract
Decreasing term life insurance is often used to
.....Answer.....provide coverage for a home mortgage
which of these ensures .....Answer.....Spendthrift clause
FLS FINAL EXAM STUDY GUIDE 2025/2026 COMPLETE
QUESTIONS WITH CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS <RECENT VERSION>
what is an insurance policy's grace period .....Answer.....period of
time after the premium is due but the policy remains in force.
What is the purpose for having an accelerated death benefit on
a life insurance policy? .....Answer.....It allows for cash advances
to be paid against the death benefit if the insured becomes
terminally ill.
which of the following is ineligible to participate in a section 125
Plan? .....Answer.....An S-Corp owner with a greater than 2%
share
,age 2 of 36
an annuitant .....Answer.....guaranteed lifetime withdrawal
benefit
How much does medicare .....Answer.....80%
which of the following employer tasks does a professional
employer organization normally handle?
.....Answer.....administration tasks
a stock insurance company .....Answer.....is owned exclusively by
its shareholders
an example of a primary care physician would be a
.....Answer.....internist
J is an agent .....Answer.....Coercion
all of the following are functions of an insuring clause except
.....Answer.....Primarily describes the free-look period
,age 3 of 36
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 .....Answer.....Benefit schedule
What type of insurance company is domiciled in England but
conducts business in Florida. .....Answer.....Alien
__ is NOT an element of a valid contract
.....Answer.....countersignature
According to florida law .....Answer.....require evidence of
insurability
A long-term care lapse notice must be delivered to both the
applicant and .....Answer.....beneficiary
The type of policy wher .....Answer.....cancelable
, age 4 of 36
What is the name of the provision which sates that a copy of the
application must be attached to the policy when issued?
.....Answer.....Entire contract
Which of the following is considered to be an alternative to a
life settlement .....Answer.....accelerated death benefit rider
Which of these describes .....Answer.....Pre-death distributions
are typically taxable
Kelly purchases .....Answer.....Specific reasons stated in the
contract
Decreasing term life insurance is often used to
.....Answer.....provide coverage for a home mortgage
which of these ensures .....Answer.....Spendthrift clause
