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Kentuckyi,-Lifei,-&i,-Healthi,-Insurancei,-
Exami,-Practicei,-Questionsi,-withi,-Verifiedi,-
Answersi,-|i,-Latesti,-2025/2026.
Ai,-husbandi,-andi,-wifei,-owni,-ai,-lifei,-insurancei,-policyi,-withi,-theiri,-soni,-
namedi,-asi,-beneficiary.i,-Thei,-wifei,-diesi,-first,i,-followedi,-byi,-thei,-husbandi,-
5 i,-yearsi,-later.i,-Theiri,-soni,-receivesi,-thei,-policy'si,-facei,-amounti,-afteri,-hisi,-
fatheri,-dies.i,-Whati,-typei,-ofi,-policyi,-wasi,-owned?i,-
i,-Familyi,-Maintenance
i,-Duali,-Life
i,-Jointi,-Life
i,-Survivorshipi,-Lifei,-i,- i,-survivorshipi,-life
Wheni,-ai,-premiumi,-paymenti,-fori,-ai,-lifei,-insurancei,-policyi,-isi,-missed,i,-
whati,-provisioni,-willi,-dictatei,-thei,-actionsi,-takeni,-byi,-thei,-insurer?i,-
i,-Reinstatementi,-clause
i,-Gracei,-Periodi,-clause
i,-Premiumi,-Modei,-clause
i,-Incontestablei,-clausei,-i,- i,-Gracei,-periodi,-clause
Whati,-kindi,-ofi,-premiumi,-doesi,-ai,-Wholei,-Lifei,-policyi,-have?i,-
i,-decreasing
i,-adjustable
i,-level
i,-deferredi,-i,- i,-Level
Alli,-ofi,-thei,-followingi,-arei,-properi,-fundingi,-vehiclesi,-ini,-ai,-qualifiedi,-
plan,i,-EXCEPT?
i,-Annuity
i,-Mutuali,-Fund
i,-Stock
i,-Lifei,-Insurancei,-i,- i,-Lifei,-insurance
Alli,-ofi,-thei,-followingi,-statementsi,-abouti,-Majori,-Medicali,-benefitsi,-arei,-
true,i,-EXCEPT:i,-
Thei,-deductiblei,-cani,-bei,-expressedi,-asi,-ai,-fixedi,-dollari,-amount
Thei,-benefiti,-periodi,-beginsi,-onlyi,-afteri,-ai,-specifiedi,-amounti,-ofi,-
expensesi,-havei,-accrued
Ai,-produceri,-whoi,-guaranteesi,-thei,-paymenti,-ofi,-dividendsi,-byi,-ai,-policyi,-
ofi,-insurancei,-hasi,-engagedi,-in:
i,-Twisting
i,-Misrepresentation
i,-Defamation
i,-Rebatingi,-i,- i,-misrepresentation
Lifei,-insurancei,-underwritingi,-wouldi,-consideri,-whichi,-ofi,-thesei,-factorsi,-
asi,-unimportant?i,-
i,-Agei,-ofi,-thei,-applicant
i,-Weighti,-ofi,-thei,-applicant
i,-Maritali,-statusi,-ofi,-thei,-applicant
i,-Genderi,-ofi,-thei,-applicanti,-i,- i,-Maritali,-statusi,-ofi,-thei,-applicant
Thei,-inducementi,-ofi,-ani,-insuredi,-toi,-lapse,i,-forfeit,i,-ori,-surrenderi,-ani,-
insurancei,-policyi,-byi,-misrepresentationi,-ori,-misleadingi,-comparisons,i,-
ini,-orderi,-toi,-writei,-ai,-newi,-policy,i,-isi,-knowni,-as:
i,-Rebating
i,-Twisting
i,-Commingling
i,-Churningi,-i,- i,-Twisting
Michellei,-purchasedi,-ai,-Longi,-Termi,-Carei,-policyi,- 12 i,-monthsi,-afteri,-
sufferingi,-ai,-stroke.i,-Anyi,-futurei,-claimsi,-shei,-willi,-havei,-relatedi,-toi,-thisi,-
strokei,-willi,-be:i,-
i,-denied
i,-covered
i,-coveredi,-onlyi,-ifi,-additionali,-premiumsi,-arei,-paid
i,-deniedi,-onlyi,-ifi,-shei,-wasi,-experiencingi,-problemsi,-fromi,-thei,-strokei,-ati,-
thei,-timei,-ofi,-applicationi,-i,- i,-Covered
Mosti,-LTCi,-policiesi,-doi,-noti,-coveri,-conditionsi,-thati,-existedi,-duringi,-thei,-
6 i,-monthsi,-beforei,-thei,-policyi,-effectivei,-date.i,-Ini,-thisi,-situation,i,-thei,-
eventi,-occurredi,- 12 i,-monthsi,-prior.
Ani,-owneri,-hasi,-ai,-lifei,-annuityi,-whichi,-providesi,-benefiti,-paymentsi,-fori,-
ai,-minimumi,-timei,-period,i,-noi,-matteri,-wheni,-thei,-annuitanti,-dies.i,-Thei,-
featurei,-ofi,-thisi,-annuityi,-isi,-called:i,-
i,-fixedi,-period
Whichi,-ofi,-thesei,-Nonforfeiturei,-Optionsi,-continuei,-ai,-build-upi,-ofi,-cashi,-
value?i,-
i,-Waiveri,-ofi,-Premium
i,-Extendedi,-Term
i,-Reducedi,-Paid-Up
i,-Cashi,-Surrenderi,-i,- i,-Reducedi,-paidi,-up
Ai,-Reducedi,-Paid-Upi,-optioni,-wouldi,-providei,-continuingi,-cashi,-valuei,-
build-up.
Whati,-typei,-ofi,-lifei,-policyi,-coversi,-twoi,-peoplei,-andi,-paysi,-uponi,-thei,-
deathi,-ofi,-thei,-lasti,-insured?i,-
i,-Shared
i,-Survivorship
i,-Adjustable
i,-Jointi,-i,- i,-Survivorship
Whichi,-ofi,-thei,-followingi,-questionsi,-mayi,-ani,-insureri,-properlyi,-aski,-ani,-
applicanti,-fori,-insurance?
i,-Whetheri,-thei,-applicanti,-hasi,-everi,-testedi,-positivei,-fori,-thei,-HIVi,-
infection
i,-Whetheri,-thei,-applicanti,-hasi,-everi,-beeni,-testedi,-fori,-thei,-HIVi,-infection
i,-Whetheri,-thei,-applicanti,-hasi,-everi,-testedi,-negativei,-fori,-thei,-HIVi,-
infection
i,-Nonei,-ofi,-thei,-abovei,-i,- i,-Whetheri,-thei,-applicanti,-hasi,-everi,-testedi,-
positivei,-fori,-thei,-HIVi,-infection
Whichi,-typei,-ofi,-lifei,-policyi,-containsi,-ai,-monthlyi,-mortalityi,-chargei,-asi,-
welli,-asi,-self-directedi,-investmenti,-choices?i,-
i,-Jointi,-Life
i,-Adjustablei,-Life
i,-Variablei,-Universali,-Life
i,-Universali,-Lifei,-i,- i,-Variablei,-Universali,-Life
i,-Thei,-totali,-amounti,-repayablei,-underi,-thei,-contracti,-ofi,-indebtedness
i,-Thei,-insured'si,-individuali,-salary
i,-Thei,-totali,-Lifei,-insurancei,-alreadyi,-ini,-placei,-oni,-thei,-insured'si,-life.
i,-Ani,-amounti,-toi,-bei,-determinedi,-byi,-thei,-Commissioneri,-oni,-ai,-case-by-
casei,-basisi,-i,- i,-Thei,-totali,-amounti,-repayablei,-underi,-thei,-contracti,-ofi,-
indebtedness
Howi,-muchi,-willi,-bei,-taxablei,-ifi,-ai,-policyowner,i,-agei,-55,i,-relinquishesi,-ai,-
Universali,-Lifei,-policy?i,-
i,-Noi,-taxesi,-arei,-owedi,-oni,-ai,-Universali,-Lifei,-policyi,-cashi,-surrender
i,-Taxesi,-arei,-owedi,-oni,-thei,-entirei,-cashi,-value
i,-Taxesi,-arei,-owedi,-oni,-thei,-entirei,-cashi,-valuei,-plusi,-ai,-10%i,-penaltyi,-fori,-
earlyi,-withdrawal
i,-Taxesi,-arei,-owedi,-oni,-thei,-amounti,-ofi,-cashi,-valuei,-thati,-exceedsi,-thei,-
premiumsi,-paidi,-i,- i,-Taxesi,-arei,-owedi,-oni,-thei,-amounti,-ofi,-cashi,-valuei,-
thati,-exceedsi,-thei,-premiumsi,-paid
Wheni,-ai,-materiali,-misstatementi,-isi,-discoveredi,-oni,-ani,-applicationi,-fori,-
healthi,-insurance,i,-thei,-insureri,-mayi,-contesti,-thei,-claimi,-paymenti,-
duringi,-whati,-periodi,-ofi,-timei,-followingi,-thei,-issuancei,-ofi,-thei,-policy?
i,- 1 i,-year
i,- 2 i,-years
i,- 3 i,-years
i,- 4 i,-yearsi,-i,- i,- 2 i,-years
Ti,-hasi,-Disabilityi,-Incomei,-policyi,-thati,-paysi,-ai,-monthlyi,-benefiti,-ofi,-
$5000.i,-Ifi,-Ti,-becomesi,-partiallyi,-disabled,i,-whati,-cani,-hei,-likelyi,-expect?i,-
i,-$5,000i,-peri,-monthi,-benefit
i,-$10,000i,-peri,-monthi,-benefiti,-ifi,-thei,-causei,-wasi,-accidental
i,-Morei,-thani,-$5,000i,-peri,-monthi,-benefiti,-ifi,-causei,-wasi,-work-related
i,-Contributionsi,-arei,-noti,-taxi,-deductiblei,-i,- i,-10%i,-penaltyi,-isi,-appliedi,-
toi,-withdrawalsi,-beforei,-agei,- 59 i,-1/
Becausei,-ani,-IRAi,-isi,-ai,-qualifiedi,-plan,i,-iti,-hasi,-thei,-samei,-rulesi,-fori,-earlyi,-
withdrawal.
Thei,-onlyi,-partyi,-ini,-ani,-insurancei,-contracti,-thati,-makesi,-ai,-legallyi,-
enforceablei,-promisei,-isi,-thei,-insurancei,-company.i,-Becausei,-ofi,-this,i,-
insurancei,-contractsi,-arei,-consideredi,-toi,-be:i,-
i,-conditional
i,-aleatory
i,-unilateral
i,-contractsi,-ofi,-adhesioni,-i,- i,-unilateral
Insurancei,-contractsi,-arei,-unilateral.i,-Thisi,-meansi,-thati,-onlyi,-onei,-partyi,-
(thei,-insurer)i,-makesi,-anyi,-kindi,-ofi,-enforceablei,-promise.
Whichi,-ofi,-thei,-followingi,-statementsi,-abouti,-accumulatedi,-interesti,-
earnedi,-oni,-dividendsi,-fromi,-ani,-insurancei,-policyi,-isi,-TRUE?i,-
i,-Iti,-isi,-noti,-taxable
i,-Iti,-isi,-taxi,-deductible
i,-Iti,-isi,-taxedi,-asi,-capitali,-gains
i,-Iti,-isi,-taxedi,-asi,-ordinaryi,-incomei,-i,- i,-Iti,-isi,-taxedi,-asi,-ordinaryi,-income
Ini,-ai,-qualifiedi,-retirementi,-plan,i,-thei,-yearlyi,-contributionsi,-toi,-ani,-
employee'si,-account:i,-
i,-arei,-noti,-tax-deductible
i,-arei,-restrictedi,-toi,-minimumi,-levelsi,-seti,-byi,-thei,-IRS
i,-arei,-restrictedi,-toi,-maximumi,-levelsi,-seti,-byi,-thei,-IRS
i,-musti,-bei,-matchedi,-dollar-for-dollari,-byi,-thei,-employeri,-i,- i,-arei,-
restrictedi,-toi,-maximumi,-levelsi,-seti,-byi,-thei,-IRS
Wheni,-ani,-individuali,-isi,-planningi,-toi,-protecti,-hisi,-familyi,-withi,-lifei,-
insurance,i,-onei,-methodi,-ofi,-doingi,-soi,-isi,-calledi,-needsi,-analysis.i,-Whati,-
exactlyi,-doesi,-needsi,-analysisi,-involve?i,-
i,-Establishesi,-thei,-needsi,-ofi,-thei,-individuali,-andi,-hisi,-dependents
i,-Takesi,-intoi,-accounti,-thei,-presenti,-valuei,-ofi,-futurei,-incomei,-earnedi,-byi,-
thei,-breadwinner
Ani,-insurablei,-riski,-requires:i,-
i,-thati,-thei,-chancei,-fori,-bothi,-ai,-lossi,-ori,-gaini,-exists
i,-thei,-lossi,-musti,-bei,-catastrophic
i,-thati,-thei,-chancei,-ofi,-lossi,-bei,-measurable
i,-thati,-thei,-lossi,-musti,-bei,-incalculablei,-i,- i,-thati,-thei,-chancei,-ofi,-lossi,-bei,-
measurable
Ai,-signedi,-goodi,-healthi,-statementi,-wouldi,-bei,-collectedi,-byi,-ai,-lifei,-
produceri,-ati,-thei,-timei,-of:i,-
i,-policyi,-issue
i,-application
i,-policyi,-delivery
i,-physicali,-examinationi,-i,- i,-policyi,-delivery
Whichi,-ofi,-thei,-followingi,-actionsi,-mayi,-thei,-Commissioneri,-takei,-ifi,-ani,-
applicanti,-providesi,-misleadingi,-informationi,-ini,-thei,-applicationi,-fori,-ai,-
license?
i,-Refusei,-toi,-issuei,-thei,-license.
i,-Suspendi,-thei,-licensei,-ifi,-iti,-hasi,-alreadyi,-beeni,-issued.
i,-Imposei,-ai,-civili,-penalty.
i,-Alli,-ofi,-thei,-choicesi,-arei,-correct.i,-i,- i,-Alli,-ofi,-thei,-choicesi,-arei,-correct
Medicarei,-basesi,-itsi,-eligibilityi,-requirementsi,-on:i,-
i,-ani,-individual'si,-assets
i,-ani,-individual'si,-age
i,-ani,-individual'si,-need
i,-ani,-individual'si,-employmenti,-statusi,-i,- i,-age
Wheni,-doesi,-interesti,-incomei,-ini,-ai,-deferredi,-annuityi,-geti,-reportedi,-fori,-
federali,-incomei,-taxes?i,-
i,-Never
i,-Afteri,-thei,-principali,-hasi,-beeni,-exhausted
i,-Wheni,-thei,-distributionsi,-arei,-received
i,-Duringi,-thei,-accumulationi,-phasei,-i,- i,-Wheni,-thei,-distributionsi,-arei,-
received
Whichi,-ofi,-thesei,-statementsi,-isi,-INCORRECTi,-regardingi,-thei,-federali,-
incomei,-taxi,-treatmenti,-ofi,-lifei,-insurance?i,-
Whati,-isi,-thei,-maximumi,-facei,-amounti,-ofi,-ani,-Industriali,-Lifei,-Insurancei,-
policy?
i,-$3,
i,-$10,
i,-$5,
i,-thesei,-policiesi,-cani,-bei,-writteni,-fori,-anyi,-facei,-amounti,-i,- i,-$3,
Ti,-andi,-Si,-arei,-namedi,-co-primaryi,-beneficiariesi,-oni,-ai,-$500,000i,-
Accidentali,-Deathi,-andi,-Dismembermenti,-policyi,-insuringi,-theiri,-
father.i,-Theiri,-motheri,-wasi,-namedi,-contingenti,-beneficiary.i,-Fivei,-yearsi,-
later,i,-Si,-diesi,-ofi,-naturali,-causesi,-andi,-thei,-fatheri,-isi,-killedi,-ini,-ai,-scubai,-
accidenti,-shortlyi,-afterwards.i,-Howi,-muchi,-ofi,-thei,-deathi,-benefiti,-willi,-
thei,-motheri,-receive?i,-
i,-$1,000,
i,-$500,
i,-$250,
i,-$0i,-i,- i,-$
Oni,-ai,-lifei,-insurancei,-policy,i,-whoi,-isi,-qualifiedi,-toi,-changei,-thei,-
beneficiaryi,-designation?i,-
i,-Payer
i,-Primaryi,-beneficiary
i,-Policyowner
i,-Insureri,-i,- i,-Policyowner
Ki,-becomesi,-illi,-afteri,-travelingi,-overseasi,-andi,-isi,-unablei,-toi,-worki,-fori,- 3 i,-
months.i,-Whati,-kindi,-ofi,-policyi,-wouldi,-coveri,-heri,-lossi,-ofi,-income?i,-
i,-Indemnity
i,-Majori,-Medical
i,-Travel
i,-Disabilityi,-Incomei,-i,- i,-Disabilityi,-income
Whichi,-ofi,-thesei,-isi,-NOTi,-consideredi,-thei,-responsibilityi,-ofi,-ai,-produceri,-
ini,-thei,-underwritingi,-process?i,-
i,-Collectingi,-additionali,-medicali,-informationi,-ifi,-needed
i,-Promptlyi,-sendingi,-thei,-completedi,-applicationi,-toi,-thei,-insurancei,-
company
