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

  • 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&As: 265 Questions and Answers

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

1. Which one of the following life insurance settlement options pays a predetermined monthly benefit until principal and interest are exhausted?

A) The accelerated endowment option
B) The interest-only option
C) The fixed amount installment option
D) The fixed period installment option


2. All of the following normally indicate the presence of insurable interest in the life of another person EXCEPT:

A) Being married to the other person
B) Being closely related to the other person by birth
C) Maintaining a lasting friendship with the other person
D) Co-signing a mortgage with the other person


3. Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to a non- qualified plan?

A) It is useful in rewarding selected employees for good work performance
B) The employer's contributions to the plan are tax deductible
C) It can be designed for the exclusive benefit of several key employees
D) The plan funds are available for general business needs


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

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


5. When an accident and health insurer requires a covered individual to undergo a physical examination, who pays the cost of the examination?

A) The premium payor
B) The patient or parent of the patient
C) The principal insured individual
D) The insurer


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: D

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