Louisiana Life, Accident And Health

Louisiana Life, Accident and Health Practice Exam Test Questions & Answers

Question : Select from the choices below the best description

of a speculative risk?

Correct answer: Involving the possibility of a gain in addition

to the uncertainty of loss

Question : Which of the following is not taxable?

Correct answer: Fixed amount installments

Question : A premature distribution from a Roth IRA made

before the age 59.5 is subject to a 10% penalty tax unless:

Correct answer: It was used as a down payment on first home

Question : Which of the following is a disadvantage to setup

and participate in a qualified retirement plan?

Correct answer: Immediate liquidity

Question : All of these types of distributions that are

exceptions to the 10% penalty rule except:

Correct answer: New car purchase

Question : Which of the following does not describe a 401(K)

characteristics

Correct answer: Currently $49,000 maximum contribution

Question : The following are examples of Qualified

Retirement Plans except:

Correct answer: 501c(3)

Question : Which of the following is not correct regarding

Long Term Care

Correct answer: It provides different benefits for different

levels of care

Question : Which of the following statements is correct

regarding Medicare Advantage

Correct answer: It can offer benefits that ate not covered by

regular Medicare

Question : Which of the following is correct with regards to

the hospital insurance Part A plan of Medicare

Correct answer: Insured must satisfy a deductible

Question : Which of the following statements is correct about

Part B of Medicare

Correct answer: An annual deductible is required

Question : All of the following examples of groups that

purchase group health insurance except:

Correct answer: MEWA

Question : The following are example of limited health plans

except:

Correct answer: HMO

Question : The period before benefits begin is termed as all of

the following except:

Correct answer: Pre-benefit period

Question : Which of the following does Coinsurance

describe?

Correct answer: a percentage the insured will pay after the

deductible

Question : If Martha wants to pay her daughter's college

tuition, which of the following can be used as an education annuity?

Correct answer: Annuity Certain

Question : To maintain your license, every licensee must:

Select one:

• complete a certain number of hours in continuing

education.

• maintain satisfactory conduct.
• send in the renewal application and pay renewal fees.
• All of the above

Correct answer: d. All of the above