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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo : Life and Accident and Health or Sickness Producer - Combo Series 20-30

Life-and-Accident-and-Health-or-Sickness-Producer-Combo real exams

Exam Code: Life-and-Accident-and-Health-or-Sickness-Producer-Combo

Exam Name: Life and Accident and Health or Sickness Producer - Combo Series 20-30

Updated: Jul 03, 2026

Q & A: 265 Questions and Answers

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About Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam

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Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:

1. Which advantage is available to employees participating in a qualified profit-sharing plan?

A) The contributions are excluded from current taxable income to the employee
B) Investment earnings on the plan contributions are received by the employee income tax free
C) The employees have the option of a defined benefit or defined contribution plan
D) Employees can avoid tax penalties on premature distributions


2. Needs analysis is a method of life insurance planning which:

A) Ignores Social Security benefit payments
B) Requires the team effort of the producer and home office underwriter
C) Identifies the needs of an individual and the individual's dependents
D) Eliminates the need for estimating future interest and inflation rates


3. How does the payment of an accelerated benefit affect a life insurance policy?

A) It increases the policy premium.
B) It increases the cash value.
C) It decreases the death benefit.
D) It decreases the grace period.


4. The phrase, "this policy pays $1,800 for hospital room and board expenses," should include the:

A) Maximum daily benefit and the maximum time limit for hospital room and board expenses
B) Maximum daily benefit and the minimum time limit for hospital room and board expenses
C) Minimum daily benefit and the minimum time limit for hospital room and board expenses
D) Minimum daily benefit and the maximum time limit for hospital room and board expenses


5. Which one of the following statements about participating life insurance is true?

A) The insurer must be a stock company.
B) Policyowners are assessed monthly for losses.
C) Policyowners may be entitled to receive dividends.
D) The insured must be the policyowner.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: C

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