Updated: Jul 01, 2026
No. of Questions: 122 Questions & Answers with Testing Engine
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1. At the time of an insured ' s death, a per capita distribution of policy proceeds are paid to
A) the estate of the deceased beneficiaries.
B) the named living primary beneficiaries.
C) the primary beneficiary ' s children if the primary has predeceased the insured.
D) all the primary and contingent beneficiaries in equal installments.
2. Individuals who are eligible for Medicare on the first day of the month in which they turn age 65 are automatically enrolled in
A) Part C.
B) Part A.
C) Part D.
D) Part B.
3. When a buyer is considering a long-term care policy, they are encouraged to review carefully all policy
A) facilities.
B) carriers.
C) limitations.
D) agents.
4. If a partner of a company becomes permanently disabled, which type of plan will allow the other partner to acquire the disabled partner's interest in the company?
A) business disability overhead expense
B) disability buy-sell agreement
C) employee disability coverage
D) long term disability
5. Clark will be doing business as an agent. When MUST he be appointed by the insurer?
A) Within 15 days of submitting his license application.
B) Within 15 days of signing the agency contract.
C) At the time the license application is submitted.
D) Within 20 days after commissions have been paid.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |
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