Insurance Exam Latest Update Practice Questions

Nevada Life, Accident and Health Insurance Exam (Latest Update 2025 / 2026) Practice Questions & Answers | Grade A | 100% Correct (Verified Solution)

Question:

Which of the following statements is true concerning the accidental death rider

Answer:

It will pay double or triple the face amount

Question:

Life income joint and survivor settlement option guarantees

Answer:

income for 2 or more recipients until they die

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Question:

Which two terms are associated directly with the premium?

Answer:

level or flexible

Question:

An insured owns a $50,000 whole life policy. At age 47, the insured decides to cancel his policy and exercise the extended term option for the policy's cash value, which is currently $20,000. What would be the face amount of the new term policy?

Answer:

$50,000

Question:

Which of the following statements is NOT correct concerning the COBRA Act of 1985?

Answer:

It requires all employers, regardless of the number or age of employees, to provide extended group health coverage

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Question:

Which of the following entities can legally bind coverage?

Answer:

Insurer

Question:

Which provision of a life insurance policy states the insurers duty to pay benefits upon the death of the insured, and to whom the benefits will be paid?

Answer:

Insuring clause

Question:

Which of the following products will protect an individual from outliving his or her money?

Answer:

Annuity

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