age 1 of 20
Utah Life, Accident, & Health Insurance ACTUAL EXAM
2025/2026 QUESTIONS AND CORRECT DETAILED
ANSWERS || ALREADY GRADED A+ <RECENT
VERSION>
mode .......Answer.........Refers to how often a premium is paid.
coinsurance .......Answer.........the insurer and the insured share
expenses over the deductible.
participating policies .......Answer.........participating policies pay
dividends
non-participating policies .......Answer.........non-participating
policies do not pay dividends
LTC Rider .......Answer.........reimburses Health and Social Service
expenses incurred in a convalscent or nursing home facility
,age 2 of 20
ownership rights .......Answer.........vest ownership rights EG the
right to designate the beneficiary to specific person or entity
term Riders .......Answer.........are used to purchase insurance on a
family member of the originally insured
impairment Rider .......Answer.........list specific conditions in the
contract that are excluded from the contract.
policy loan provision .......Answer.........the loan is not taxed
policy withdrawal .......Answer.........is taxed for amounts above
the contract cost basis
Premium modes .......Answer.........Monthly; Quarterly; Semi-
annually; Annually (cheapest due to less admin cost).
conditionally renewable .......Answer.........the insurer may elect
not to renew only under conditions specified in the policy
, age 3 of 20
whose responsibility is it to make sure the company is notified of
a death claim at the earliest possible opportunity
.......Answer.........the producer
which of the following is true regarding assignment rights for
irrevocable beneficiaries? .......Answer.........they are more likely
to receive a loan based on the expectations of the proceeds
conditional receipt for renewal .......Answer.........when the
premium is paid after the time granted by the insurer the
maximum amount of time for reinstatement of the policy is 45
days
unified carrier registration .......Answer.........a policy will pay on
a UCR basis when particular benefits are not listed on a
payment schedule
Utah Life, Accident, & Health Insurance ACTUAL EXAM
2025/2026 QUESTIONS AND CORRECT DETAILED
ANSWERS || ALREADY GRADED A+ <RECENT
VERSION>
mode .......Answer.........Refers to how often a premium is paid.
coinsurance .......Answer.........the insurer and the insured share
expenses over the deductible.
participating policies .......Answer.........participating policies pay
dividends
non-participating policies .......Answer.........non-participating
policies do not pay dividends
LTC Rider .......Answer.........reimburses Health and Social Service
expenses incurred in a convalscent or nursing home facility
,age 2 of 20
ownership rights .......Answer.........vest ownership rights EG the
right to designate the beneficiary to specific person or entity
term Riders .......Answer.........are used to purchase insurance on a
family member of the originally insured
impairment Rider .......Answer.........list specific conditions in the
contract that are excluded from the contract.
policy loan provision .......Answer.........the loan is not taxed
policy withdrawal .......Answer.........is taxed for amounts above
the contract cost basis
Premium modes .......Answer.........Monthly; Quarterly; Semi-
annually; Annually (cheapest due to less admin cost).
conditionally renewable .......Answer.........the insurer may elect
not to renew only under conditions specified in the policy
, age 3 of 20
whose responsibility is it to make sure the company is notified of
a death claim at the earliest possible opportunity
.......Answer.........the producer
which of the following is true regarding assignment rights for
irrevocable beneficiaries? .......Answer.........they are more likely
to receive a loan based on the expectations of the proceeds
conditional receipt for renewal .......Answer.........when the
premium is paid after the time granted by the insurer the
maximum amount of time for reinstatement of the policy is 45
days
unified carrier registration .......Answer.........a policy will pay on
a UCR basis when particular benefits are not listed on a
payment schedule
