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Kentuckyi,-Lifei,-Insurancei,-Exami,-(Latesti,- 202 5/202 6 i,-
update)i,-Actuali,-Questionsi,-withi,-Verifiedi,-Answersi,-|i,-
100%i,-Correct|i,-Gradedi,-A.
Wheni,-mayi,-ani,-insurancei,-companyi,-arbitrarilyi,-increasei,-thei,-ratei,-ofi,-
premiumi,-chargedi,-toi,-ai,-particulari,-policyi,-owner?
A.i,-Wheneveri,-itsi,-boardi,-ofi,-directori,-votesi,-toi,-doi,-so
B.i,-Never
C.i,-Wheni,-statei,-lawsi,-permiti,-
D.i,-Onlyi,-withini,- 30 i,-daysi,-ofi,-insurancei,-i,- i,-B.i,-Never
Ai,-spouse'si,-conversioni,-privilegesi,-underi,-ai,-groupi,-policyi,-arei,-thei,-
samei,-asi,-thei,-groupi,-member'si,-EXCEPT
A.i,-insurabilityi,-
B.i,-Conversioni,-musti,-bei,-appliedi,-fori,-withini,-onei,-monthi,-
C.i,-Premiumsi,-arei,-basedi,-oni,-attainedi,-agei,-
D.i,-Thei,-amounti,-toi,-converti,-isi,-alwaysi,-lessi,-i,- i,-D.i,-Thei,-amounti,-toi,-
converti,-isi,-alwaysi,-less
Fori,-ai,-contributoryi,-plani,-withi,-somei,-insurancei,-companies,i,-ifi,-thei,-
employeei,-doesi,-noti,-applyi,-withini,-thei,-eligibilityi,-periodi,-hei,-ori,-shei,-
A.i,-losesi,-thei,-opportunityi,-toi,-purchasei,-groupi,-lifei,-insurancei,-
Bi,-musti,-payi,-ai,-penaltyi,-fori,-applyingi,-late
Ci,-Mayi,-bei,-requiredi,-toi,-takei,-ai,-medicali,-exam,i,-eveni,-fori,-ai,-non-
medicali,-plani,-
Di,-musti,-waiti,-ai,-fulli,-yeari,-beforei,-beingi,-againi,-eligiblei,-toi,-applyi,-i,- i,-C.i,-
Mayi,-bei,-requiredi,-toi,-takei,-ai,-medicali,-exam,i,-eveni,-fori,-ai,-non-i,-medicali,-
plan
Whichi,-ofi,-thei,-followingi,-isi,-NOTi,-ai,-circumstancei,-underi,-whichi,-ai,-
companyi,-willi,-payi,-ai,-deathi,-claimi,-fori,-lessi,-thani,-thei,-facei,-amount?
A.i,-Wheni,-therei,-isi,-ani,-outstandingi,-policyi,-loan,i,-plusi,-interest,i,-whichi,-
musti,-bei,-deductedi,-fromi,-thei,-facei,-amounti,-beforei,-paymenti,-isi,-madei,-
toi,-thei,-beneficiaryi,-
B.i,-Wheni,-theni,-thei,-premiumi,-isi,-pasti,-duei,-andi,-ini,-thei,-gracei,-periodi,-
andi,-thereforei,-musti,-bei,-deductedi,-fromi,-thei,-facei,-amounti,-beforei,-thei,-
proceedsi,-arei,-paidi,-
A.i,-paysi,-loweri,-premiumsi,-thani,-withi,-comparablei,-individuali,-
insurancei,-andi,-usuallyi,-doesn'ti,-havei,-toi,-provei,-insurabilityi,-
B.i,-probablyi,-doesn'ti,-needi,-toi,-purchasei,-additionali,-permanenti,-
insurancei,-
C.i,-mayi,-noti,-converti,-iti,-uponi,-leavingi,-thei,-employeri,-
D.i,-Mayi,-includei,-defendantsi,-providedi,-theyi,-provei,-theiri,-insurabilityi,-i,-
i,-A.i,-paysi,-loweri,-premiumsi,-thani,-withi,-comparablei,-individuali,-
insurancei,-andi,-usuallyi,-doesn'ti,-havei,-toi,-provei,-insurability
Thei,-amounti,-ofi,-coveragei,-oni,-thei,-spousei,-ofi,-ai,-groupi,-lifei,-policyi,-
memberi,-thati,-mayi,-bei,-providedi,-withouti,-taxi,-consequencesi,-toi,-thei,-
memberi,-
A.i,-isi,-limitedi,-toi,-2,000i,-
B.i,-isi,-limitedi,-toi,-one-halfi,-ofi,-thei,-member'si,-coveragei,-
C.i,-mayi,-bei,-anyi,-amounti,-thati,-doesi,-noti,-exceedi,-thei,-member'si,-
coveragei,-
D.i,-isi,-limitedi,-onlyi,-byi,-thei,-membersi,-abilityi,-toi,-payi,-i,- i,-A.i,-isi,-limitedi,-
toi,-2,
Thei,-premiumsi,-fori,-ai,-groupi,-ofi,-one-yeari,-renewablei,-termi,-lifei,-
insurancei,-policyi,-
A.i,-arei,-basedi,-oni,-thei,-averagei,-agei,-ofi,-thei,-oldesti,-membersi,-ofi,-thei,-
groupsi,-
B.i,-mayi,-bei,-neveri,-bei,-increasedi,-thei,-policyi,-issuedi,-
C.i,-mayi,-increasei,-ofi,-decreasei,-basedi,-oni,-averagei,-agei,-ofi,-thei,-groupi,-
andi,-otheri,-factorsi,-
D.i,-mayi,-increasei,-ori,-decreasei,-asi,-ai,-reflectioni,-ofi,-changesi,-ini,-thei,-
company'si,-operatingi,-expensesi,-i,- i,-C.i,-mayi,-increasei,-ori,-decreasei,-
basedi,-oni,-averagei,-agei,-ofi,-thei,-groupi,-andi,-otheri,-factors
Ini,-ani,-outrighti,-gifti,-ofi,-lifei,-insurancei,-toi,-ai,-charity
A.i,-Alli,-thei,-incidentsi,-ofi,-ownershipi,-ini,-thei,-policyi,-belongi,-toi,-thei,-
donee.i,-
B.i,-Thei,-donori,-retainsi,-thei,-righti,-toi,-namei,-ai,-newi,-beneficiary.i,-
C.i,-Thei,-cashi,-valuesi,-ini,-thei,-policyi,-belongi,-toi,-thei,-donor.i,-
D.i,-Thei,-premiumsi,-paidi,-byi,-thei,-donori,-arei,-noti,-taxi,-deductible.i,-i,- i,-A.i,-
Alli,-thei,-incidentsi,-ofi,-ownershipi,-ini,-thei,-policyi,-belongi,-toi,-thei,-donee.
Wheni,-signingi,-thei,-applicationi,-form,i,-thei,-proposedi,-insuredi,-is,i,-
B.i,-Ai,-minori,-mayi,-signi,-thei,-application.i,-
C.i,-Noi,-onei,-underi,-agei,- 18 i,-mayi,-signi,-ani,-application.i,-
D.i,-Noi,-onei,-underi,- 21 i,-mayi,-signi,-ani,-applicationi,-i,- i,-A.i,-Ai,-minori,-mayi,-
noti,-signi,-ani,-application.
Thei,-applicant,i,-ifi,-otheri,-thani,-thei,-proposedi,-insuredi,-musti,-havei,-
A.i,-Noi,-relationshipi,-withi,-thei,-insuredi,-
B.i,-Ani,-insurablei,-interesti,-ini,-thei,-lifei,-ofi,-thei,-policyowneri,-
C.i,-Ani,-insurablei,-interesti,-ini,-thei,-lifei,-ofi,-thei,-insured
D.i,-Ai,-bloodi,-relationshipi,-withi,-thei,-insuredi,-i,- i,-C.i,-Ani,-insurablei,-
interesti,-ini,-thei,-lifei,-ofi,-thei,-insured
Whichi,-ofi,-thei,-followingi,-statementsi,-regardingi,-thei,-Medicali,-
Informationi,-Bureaui,-isi,-NOTi,-true?
A.i,-Iti,-isi,-ai,-nonprofiti,-agencyi,-establishedi,-byi,-thei,-lifei,-insurancei,-
companiesi,-toi,-aidi,-theiri,-underwriting.i,-
B.i,-Iti,-suppliesi,-memberi,-companiesi,-withi,-informationi,-concerningi,-
insurabilityi,-ofi,-proposedi,-insureds.i,-
Ci,-.Iti,-musti,-bei,-authorizedi,-byi,-thei,-applicanti,-toi,-givei,-thei,-informationi,-
toi,-memberi,-companies.i,-
D.i,-Iti,-isi,-noti,-obligatedi,-toi,-supplyi,-applicantsi,-withi,-informationi,-iti,-
holdsi,-abouti,-them.i,-i,- i,-D.i,-Iti,-isi,-noti,-obligatedi,-toi,-supplyi,-applicantsi,-
withi,-informationi,-iti,-holdsi,-abouti,-them.
Establishingi,-premiumsi,-fori,-speciali,-classi,-risksi,-byi,-usingi,-ai,-regulari,-
mortalityi,-table,i,-buti,-assumingi,-proposedi,-insuredi,-arei,-ai,-fewi,-yearsi,-
olderi,-thani,-theyi,-actuallyi,-arei,-isi,-called.i,-
A.i,-Thei,-multiplei,-extrai,-premiumi,-method
B.i,-Ratingi,-Upi,-
C.i,-Thei,-Lieni,-Plani,-
D.i,-Thei,-Flati,-extrai,-premiumi,-chargei,-methodi,-i,- i,-B.i,-Ratingi,-Up
Thei,-fairi,-crediti,-reportingi,-acti,-guaranteesi,-whichi,-ofi,-thei,-following?i,-
A.i,-Equitablei,-insurancei,-rates
B.i,-Fulli,-disclosurei,-ofi,-policyi,-benefitsi,-
C.i,-Applicants'i,-righti,-toi,-informationi,-heldi,-abouti,-themi,-toi,-anyi,-
reportingi,-agencyi,-
D.i,- 59 i,-1/2i,-i,- i,-D.i,- 59 i,-1/
Jack'si,-pasti,-medicali,-historyi,-indicatedi,-ai,-250%i,-mortalityi,-rating.i,-Thei,-
premiumsi,-fori,-hisi,-newi,-coveragei,-isi,-determinedi,-fromi,-usei,-ofi,-thisi,-
figure.i,-Thei,-ratingi,-methodi,-is
A.i,-Multiplei,-tablei,-extrai,-premiumi,-methodi,-
B.i,-Rated-Upi,-ini,-agei,-methodi,-
C.i,-Lieni,-Methodi,-
D.i,-Temporaryi,-flati,-extrai,-premiumi,-method.i,-i,- i,-A.i,-Multiplei,-tablei,-
extrai,-premiumi,-method
Thei,-ratingi,-procedurei,-thati,-reducesi,-thei,-amounti,-ofi,-insurancei,-
grantedi,-fori,-ai,-statedi,-premiumi,-isi,-calledi,-thei,-
A.i,-Rated-Upi,-ini,-agei,-plani,-
B.i,-Permanenti,-flati,-extrai,-premiumi,-
C.i,-Lieni,-Systemi,-
D.i,-Multiplei,-premiumi,-depletioni,-methodi,-i,- i,-C.i,-Lieni,-System
Keoghi,-Plansi,-arei,-NOTi,-availablei,-toi,-
A.i,-Self-Employedi,-individualsi,-withi,-noi,-otheri,-incomei,-sourcei,-
B.i,-Selfi,-employedi,-individualsi,-whoi,-mayi,-alsoi,-bei,-coveredi,-byi,-ai,-
qualifiedi,-corporatei,-retirementi,-plani,-
C.i,-Employeesi,-whoi,-havei,-theiri,-owni,-businessi,-oni,-thei,-side.i,-
D.i,-Employedi,-personsi,-withi,-ai,-qualifiedi,-retirementi,-plani,-whoi,-arei,-noti,-
self-employedi,-i,- i,-D.i,-Employedi,-personsi,-withi,-ai,-qualifiedi,-
retirementi,-plani,-whoi,-arei,-noti,-self-employed
Incidentali,-limitationsi,-referi,-toi,-whichi,-ofi,-thei,-following?
A.i,-Thei,-conversationi,-ofi,-groupi,-lifei,-insurancei,-toi,-individuali,-lifei,-
insurance
B.i,-Thei,-amounti,-ofi,-lifei,-insurancei,-thati,-mayi,-bei,-includedi,-ini,-ai,-
qualifiedi,-retirementi,-plani,-
C.i,-Arei,-taxedi,-onlyi,-ifi,-receivedi,-ini,-annuityi,-installmentsi,-
D.i,-Arei,-receivedi,-taxi,-freei,-onlyi,-ifi,-theyi,-resulti,-fromi,-previouslyi,-taxedi,-
contributionsi,-i,- i,-D.i,-Arei,-receivedi,-taxi,-freei,-onlyi,-ifi,-theyi,-resulti,-fromi,-
previouslyi,-taxedi,-contributions
Usingi,-thei,-proceedsi,-fromi,-ai,-policyi,-oni,-thei,-lifei,-ofi,-ai,-deceasedi,-
businessi,-owneri,-toi,-purchasei,-hisi,-ori,-heri,-businessi,-interestedi,-
probablyi,-indicatesi,-ai,-
A.i,-buy-selli,-agreementi,-
B.i,-deferredi,-compensationi,-plani,-
C.i,-Keoghi,-plani,-
D.i,-split-dollari,-insurancei,-plani,-i,- i,-A.i,-Buy-Selli,-Agreement
Thei,-principlei,-differencei,-betweeni,-ani,-entityi,-purchasei,-andi,-ai,-cross-
purchasei,-buy-selli,-agreementi,-is
A.i,-Thei,-identityi,-ofi,-thei,-insuredi,-
B.i,-Thei,-identityi,-ofi,-thei,-beneficiaryi,-
C.i,-Thei,-amounti,-ofi,-insurancei,-
D.i,-Thei,-typei,-ofi,-businessi,-i,- i,-B.i,-Thei,-identityi,-ofi,-thei,-beneficiary
Ai,-Keoghi,-plani,-ini,-whichi,-ai,-specifiedi,-amounti,-isi,-investedi,-eachi,-yeari,-isi,-
knowni,-asi,-
A.i,-Ai,-definedi,-benefiti,-plani,-
B.i,-Definedi,-contributioni,-plani,-
C.i,-Ai,-qualifiedi,-plani,-
D.i,-Ani,-endowmenti,-PLani,-i,- i,-B.i,-Definedi,-contributioni,-plan
Whichi,-ofi,-thei,-followingi,-isi,-taxablei,-asi,-income?
A.i,-Insurancei,-policyi,-proceedsi,-paidi,-ini,-ai,-lumpi,-sumi,-
B.i,-Interesti,-paidi,-oni,-policyi,-dividendsi,-
C.i,-Policyi,-Dividendsi,-
D.i,-Policyi,-Loansi,-i,- i,-B.i,-Insurancei,-paidi,-oni,-policyi,-dividends
Wheni,-Jonasi,-died,i,-iti,-wasi,-discoveredi,-thati,-hei,-wasi,-actuallyi,- 6 i,-yearsi,-
olderi,-thani,-hei,-hadi,-claimedi,-wheni,-applyingi,-fori,-ani,-insurancei,-policy.i,-
Asi,-ai,-resulti,-ofi,-thisi,-discoveryi,-thei,-insurancei,-company
A.i,-Willi,-noti,-payi,-thei,-policyi,-proceedsi,-
B.i,-Willi,-payi,-thei,-proceedsi,-thei,-lessi,-amounti,-ofi,-thei,-extrai,-premiumi,-
thati,-Jonasi,-shouldi,-havei,-paidi,-fori,-thei,-insurancei,-
C.i,-Willi,-payi,-onlyi,-thei,-amounti,-ofi,-insurancei,-thati,-Jonas'i,-premiumi,-
wouldi,-havei,-purchasedi,-ati,-hisi,-correcti,-agei,-
D.i,-Musti,-payi,-alli,-thei,-proceedsi,-i,- i,-C.i,-Willi,-onlyi,-payi,-thei,-amounti,-ofi,-
insurancei,-thati,-Jonas'i,-premiumi,-wouldi,-havei,-purchasedi,-ati,-hisi,-
correcti,-age
Groupi,-lifei,-insurancei,-ordinarilyi,-differsi,-fromi,-individuali,-lifei,-
insurancei,-ini,-alli,-ofi,-thei,-followingi,-waysi,-EXCEPTi,-
A.i,-Groupi,-lifei,-premiumsi,-arei,-collectedi,-morei,-ofteni,-
B.i,-Groupi,-lifei,-isi,-usuallyi,-loweri,-ini,-costi,-
C.i,-Groupi,-lifei,-doesi,-noti,-usuallyi,-requirei,-proofi,-ofi,-insurabilityi,-
D.i,-Groupi,-lifei,-buildsi,-noi,-cashi,-valuei,-i,- i,-A,i,-Groupi,-lifei,-premiumsi,-arei,-
collectedi,-morei,-often
Wheni,-convertingi,-ai,-groupi,-lifei,-policyi,-toi,-ani,-individuali,-policyi,-thei,-
debatingi,-groupi,-member'si,-newi,-policyi,-musti,-bei,-
A.i,-Ai,-permanenti,-ori,-wholei,-lifei,-policyi,-
B.i,-Ai,-termi,-lifei,-policyi,-
C.i,-Ani,-endowmenti,-policyi,-
D.i,-Anyi,-ofi,-thei,-abovei,-i,- i,-A.i,-Ai,-Permanenti,-ori,-wholei,-lifei,-policy
Ini,-ai,-deferredi,-compensationi,-plan,i,-paymentsi,-madei,-byi,-thei,-
companyi,-toi,-thei,-employeei,-
A.i,-arei,-tax-freei,-toi,-thei,-employee
A.i,-Universali,-Lifei,-Policyi,-
B.i,-Wholei,-lifei,-policyi,-
C.i,-Termi,-Policyi,-
D.i,-Nonei,-ofi,-thei,-abovei,-i,- i,-D.i,-nonei,-ofi,-thei,-above
Incomei,-paymentsi,-madei,-fromi,-ani,-annuityi,-arei,-
A.i,-Alwaysi,-receivedi,-entirelyi,-taxi,-freei,-
B.i,-Alwaysi,-taxedi,-fori,-theiri,-entirei,-amounti,-
C.i,-Onlyi,-partlyi,-subjecti,-toi,-federali,-taxationi,-
D.i,-Taxedi,-onlyi,-byi,-statesi,-i,- i,-C.i,-Onlyi,-partlyi,-subjecti,-toi,-federali,-
taxation
Taxesi,-arei,-deferredi,-oni,-cashi,-accumulationsi,-ini,-alli,-ofi,-thei,-followingi,-
EXCEPTi,-
A.i,-Ai,-deferredi,-annuityi,-
B.i,-Ai,-Banki,-certificatei,-ofi,-depositi,-
C.i,-Ai,-Keoghi,-Plan.i,-
D.i,-Ai,-universali,-lifei,-policyi,-i,- i,-B.i,-ai,-banki,-certificatei,-ofi,-deposit
Ai,-gifti,-byi,-ai,-singlei,-individuali,-ofi,-premiumi,-paymentsi,-fori,-ani,-
insurancei,-policyi,-thati,-belongsi,-toi,-someonei,-elsei,-mayi,-bei,-madei,-
withouti,-anyi,-gifti,-ofi,-taxi,-liabilityi,-soi,-longi,-asi,-thosei,-premiumi,-
paymentsi,-doi,-noti,-exceed
A.i,-2,000i,-peri,-yeari,-
B.i,-10,000i,-peri,-yeari,-
C.i,-20,000i,-peri,-yeari,-
D.i,-Therei,-isi,-noi,-limiti,-oni,-giftsi,-ofi,-insurancei,-premiumsi,-i,- i,-B.i,-10,000i,-
peri,-year
Ai,-marriedi,-couple,i,-fillingi,-jointly,i,-neitheri,-ofi,-whomi,-belongi,-toi,-ani,-
employer-sponsoredi,-retirementi,-plan,i,-mayi,-makei,-ai,-fullyi,-
