AZ Life and Health Insurance Exam (NEW
2026/ 2027 Update) Questions and Verified
Answers| 100% Correct| Graded A
QUESTION
After an applicant reads and signs an insurance application, he/she should be conscious of the
fact that
Answer:
a false statement could lead to loss of coverage
QUESTION
How many days notice does the Affordable Care Act require insurers to give before rescinding
coverage?
Answer:
30
QUESTION
Who typically makes the purchase payments in an individual annuity?
Answer:
owner
QUESTION
Disability income policies provide protection for which of the following?
Answer:
Economic death
,QUESTION
The reason for backdating a policy is
Answer:
to obtain a premium rate based on an earlier age
QUESTION
Pat is covered by a disability income insurance policy that covers disabilities arising from a
work-related illness or injury. The amount of his disability income payments for an on-the-job
injury may be reduced by
Answer:
Benefits paid under workers' compensation
QUESTION
Some standard Medicare Supplement policies include which benefit?
Answer:
hospice care
QUESTION
A terminated employee has how many days upon termination to convert group life insurance
coverage to an individual policy?
Answer:
31 days
QUESTION
Which of the following does medical expense insurance NOT typically cover
Answer:
,Treatment in a government facility
QUESTION
Which of the following is a true statement regarding a Medicare supplement policy purchased
during the open enrollment period?
Answer:
The policy will be issued regardless of health
QUESTION
Which of the following is NOT an allowable exclusion for long-term care insurance policies?
Answer:
Care for incurable conditions
QUESTION
The insureds consideration given for a health insurance policy is
Answer:
the first premium payment and the application
QUESTION
Al surrenders his life insurance policy for its cash value. The total of the premiums paid into the
policy minus total dividends received in cash or used to offset premiums is referred to as the
Answer:
Cost basis
QUESTION
Which of the following is NOT considered to be an expense for surviving family members of a
deceased wage earner?
, Answer:
Unemployment tax expenses
QUESTION
Under federal law, which of the following actions may result in a producer becoming
imprisoned?
Answer:
Producer embezzling funds from an insurer
QUESTION
Which of these is a typical result of a concurrent review?
Answer:
The length of time spent in the hospital is monitored
QUESTION
Who is the beneficiary in a life insurance policy?
Answer:
The stated person or entity who is designated to receive the death proceeds
QUESTION
Larry wants to purchase an individual disability income policy to ensure that he will not
experience a lapse in income should he become disabled. He has a two-month wage continuation
benefit from his employer. What should the policy elimination period be for his individual
policy?
Answer:
60 days
2026/ 2027 Update) Questions and Verified
Answers| 100% Correct| Graded A
QUESTION
After an applicant reads and signs an insurance application, he/she should be conscious of the
fact that
Answer:
a false statement could lead to loss of coverage
QUESTION
How many days notice does the Affordable Care Act require insurers to give before rescinding
coverage?
Answer:
30
QUESTION
Who typically makes the purchase payments in an individual annuity?
Answer:
owner
QUESTION
Disability income policies provide protection for which of the following?
Answer:
Economic death
,QUESTION
The reason for backdating a policy is
Answer:
to obtain a premium rate based on an earlier age
QUESTION
Pat is covered by a disability income insurance policy that covers disabilities arising from a
work-related illness or injury. The amount of his disability income payments for an on-the-job
injury may be reduced by
Answer:
Benefits paid under workers' compensation
QUESTION
Some standard Medicare Supplement policies include which benefit?
Answer:
hospice care
QUESTION
A terminated employee has how many days upon termination to convert group life insurance
coverage to an individual policy?
Answer:
31 days
QUESTION
Which of the following does medical expense insurance NOT typically cover
Answer:
,Treatment in a government facility
QUESTION
Which of the following is a true statement regarding a Medicare supplement policy purchased
during the open enrollment period?
Answer:
The policy will be issued regardless of health
QUESTION
Which of the following is NOT an allowable exclusion for long-term care insurance policies?
Answer:
Care for incurable conditions
QUESTION
The insureds consideration given for a health insurance policy is
Answer:
the first premium payment and the application
QUESTION
Al surrenders his life insurance policy for its cash value. The total of the premiums paid into the
policy minus total dividends received in cash or used to offset premiums is referred to as the
Answer:
Cost basis
QUESTION
Which of the following is NOT considered to be an expense for surviving family members of a
deceased wage earner?
, Answer:
Unemployment tax expenses
QUESTION
Under federal law, which of the following actions may result in a producer becoming
imprisoned?
Answer:
Producer embezzling funds from an insurer
QUESTION
Which of these is a typical result of a concurrent review?
Answer:
The length of time spent in the hospital is monitored
QUESTION
Who is the beneficiary in a life insurance policy?
Answer:
The stated person or entity who is designated to receive the death proceeds
QUESTION
Larry wants to purchase an individual disability income policy to ensure that he will not
experience a lapse in income should he become disabled. He has a two-month wage continuation
benefit from his employer. What should the policy elimination period be for his individual
policy?
Answer:
60 days
