After the success of my blogs on Wonderlic Test Sample Questions, Auditing jobs, Administrative Jobs question, MAT, Accounting Jobs and SAT now I want to create this blog for readers to do well in insurance agent exam. In my first part in this blog you learn little bit about insurance exam and later you will see free insurance agent tests.
Free and New insurance agent exam Sample Questions 2013-14
What is insurance agent exam?
Insurance agents who wish to sell life and health insurance must first pass the Life and Health Test. Candidates taking the Life and Health Test should also be aware that life and health insurance rules and regulations vary from state to state, so they should make sure to study the relevant rules for the state in which they seek licensure.
How this exam works?
The Life and Health qualification exam splits the two titular topics into separate sections.
Section 1-Topics covered in the life insurance section of the exam are:
* Life insurance basics
* Policy provisions
* Life insurance policy options and riders
* Life insurance tax considerations
* Qualified life insurance and annuity plans
* Annuity policy information
* Annuity policy tax considerations and implications
Section 2- The health insurance section includes questions on these topics:
* Health insurance basics
* Individual, group, and dental insurance policies and provisions
* Disability income
* Medical plans
* Special needs individual insurance
* HMOs (Health Maintenance Organizations)
* Tax considerations for health insurance
Structure of the exam
Candidates are given two and a half hours to complete the 150 questions on the Life and Health Test. The questions on the exam come in three formats, all multiple-choice: direct question, incomplete sentence, and “all of the following except…”
The Life and Health Test is computerized, and candidates receive their results immediately upon finishing the test. Candidates must answer 70 percent of the questions correctly to pass the Life and Health Exam. The score report gives detailed information to the candidate about how he/she performed in each section of the test.
Each of the fifty US states requires life and health insurance professionals to attain licensure by passing the Life and Health Insurance examination. There are eighteen content areas covered by the exam: insurance regulation (5%); general insurance (5%); life insurance basics (7%); life insurance policies (7%); life insurance policy provisions, options, and riders (8%); annuities (6%); federal tax considerations for life insurance and annuities (5%); qualified plans (4%); health insurance basics (5%); individual health insurance policy general provisions (4%); disability income and related insurance (3%); medical plans (8%); health maintenance organizations (3%); group health insurance (7%); dental insurance (2%); insurance for senior citizens and special needs individuals (8%); federal tax considerations for health insurance (3%); and additional considerations for life and health insurance counselors (10%). The questions on the Life and Health Insurance exam will be in three different multiple-choice formats: direct question, incomplete sentence, and “all of the following except.” Each question will have four possible answers from which the candidate must choose.
Some sample Health and Life Insurance questions 1-10
Q 1
Short term policies have a benefit period of how long?
A. 13 weeks to 104 weeks
B. 24 weeks to 120 weeks
C. 12 weeks to 52 weeks
D. 15 weeks to 130 weeks
Q 2
If an employee who has a group policy leaves his job, what type of health insurance is guaranteed to him?
A. Portability
B. COBRA
C. The company continues to pay insurance
D. The employee buys an individual plan
Q 3
Which of the following is part of the application?
A. Attending physician report
B. Consumer investigation
C. Medical Information Bureau
D. Agent report
Q 4
Which of these applies to a standard risk classification?
A. Uses Mortality table
B. Fixes additional charge to premium
C. A lien is placed against the policy to reduce amount of insurance
D. Rates person on age, health, habit and occupation
Answers Key - Some sample Health and Life Insurance questions 1-10
1. A
2. B
3. D
4. D
5. A
6. B
7. C
8. D
9. B
10. C
Q 5
What is a characteristics of term life insurance?
A. It is written for a specified period of time
B. Permanent protection
C. Builds cash value
D. Provides lifetime protection
Q 6
What is a characteristic of adjustable life?
A. Renewable term
B. Adjusts the face amount of the policy
C. Flexible premium
D. Has death benefit options
Q7
What is a per capita beneficiary?
A. A group beneficiary
B. When a person is too young to be a beneficiary
C. When the money is divided equally among the beneficiaries
D. When the beneficiary dies the proceed goes to heirs
Q 8
A type of short term insurance is
A. Accident policy
B. Catastrophic policy
C. Credit disability
D. Travel insurance
Q 9
Which of following is not exclusion under a health policy?
A. Pre-existing conditions
B. Accident injury
C. Elective surgery
D. Intentional self-inflicted injury
Q 10
What is the type of insurance which pays for workers hurt in the course and scope of duty?
A. Medicare
B. Medicaid
C. Workers Compensation
D. Disability Social Security
1 comment:
Great blog and you have a great ideas about insurance.
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