Free Life Accident and Health Insurance Basics Practice Questions
Delaware Life, Accident & Health exam — 128 practice questions.
Subtopics: Mortality tables, Irrevocable beneficiary, Per stirpes, Minor beneficiary, Key person insurance, Buy-sell agreement, Human life value, Field underwriting, Premium mode, Credit life defined, Credit life amount, Credit insurance disclosure, Credit insurance free look, Choice of insurer, Credit insurance term, Excess credit benefits, Credit insurance scope, Early payoff refund, Credit A&H defined, Credit A&H benefit limit, Insurable interest timing, Insurable interest of relatives, Charitable beneficiary exception, Consent of the insured, Consent exceptions, Minors buying insurance, Application as evidence, Effect of misstatements, HIV testing consent, Confirming HIV results, Adverse HIV decisions, Accident definition, Sickness probationary period, AD&D timing, Accident-only policies, Insurable interest, Personal uses, Determining amount, Business uses, Viatical settlements, Classes of policies, Premium factors, Premium frequency, Producer responsibilities, Policy delivery, Company underwriting, Classification of risks, Legal concepts, Definitions of perils, Types of losses and benefits, Limited health policies, Replacing health insurance, Premium determination, Conditional receipt, Binding receipt, Insuring clause, Consideration clause, Free-look provision, Policy ownership, Third-party ownership, Mortality table, Level premium concept, Net amount at risk, Policy reserves, Living benefits of cash value, Attending physician statement, Inspection report, Declined risk, Flat extra premium, Replacement, Buyer's Guide, Controlling adverse selection, Premature death, Final expense insurance, Estate liquidity, Charitable uses, Survivorship policy, Juvenile insurance, Life settlement, Creditor insurable interest, Application signatures, Third-party consent, Application changes, Incomplete application, Premium receipt, Risk classification, Substandard rating, Underwriting sources, Accelerated underwriting, Genetic information, STOLI, Needs analysis, Social Security, A&H types of losses, AD&D, Limited policies, Workers compensation, Subrogation, Health underwriting, Dependent coverage, Newborn coverage
Read the Life Accident and Health Insurance Basics study guide
Sample questions & answers
1. Mortality tables used in life insurance pricing show:
The expected deaths per year at each age
Mortality tables show expected deaths per age group and are central to pricing life insurance.
2. An irrevocable beneficiary designation generally cannot be changed without:
The beneficiary's consent
An irrevocable beneficiary has a vested interest, so the designation cannot be changed without that beneficiary's consent.
3. A per stirpes beneficiary designation directs that, if a named beneficiary dies before the insured, that beneficiary's share passes to:
That beneficiary's own descendants
Under a per stirpes designation a deceased beneficiary's share passes down to that beneficiary's descendants.
4. A potential problem with naming a minor as the direct beneficiary of a life policy is that:
Insurers may not pay a minor without a guardian
Insurers generally cannot pay proceeds directly to a minor, so a guardian or trust arrangement is needed.
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Practice: Life Accident and Health Insurance Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
