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Insurance Licensing NY-Life-Accident-and-Health Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Insurance Fundamentals | - Insurance contract law basics
|
| Accident and Health Insurance | - Health insurance products
|
| State Regulations (New York) | - Licensing requirements
|
Insurance Licensing New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 Sample Questions:
What period of time can a life insurance application be backdated?
- A. 6 months
- B. 3 months
- C. 2 weeks
- D. 1 year
Correct Answer: A 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
An insured individual who has been diagnosed with osteoporosis needs therapy in her home. Which type of long-term care benefit would be MOST appropriate for her?
- A. Skilled nursing care.
- B. Home health care.
- C. Adult day care.
- D. Intermediate care.
Correct Answer: B 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
Which type of policy pays an amount per day for hospitalization directly to the insured regardless of the insured ' s other health insurance?
- A. Medigap.
- B. Limited-amount per diem.
- C. Blanket.
- D. Hospital indemnity.
Correct Answer: D 🗳️
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
An annuity product linked to a market-related rate of return is called
- A. a tax-sheltered annuity.
- B. a fixed annuity.
- C. a deferred annuity.
- D. an indexed annuity.
Correct Answer: D 🗳️
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What is the purpose of the Accelerated Death Benefit Rider?
- A. To increase the death benefit by a stated percentage.
- B. To provide for the early payment of the death benefit for a terminally ill insured.
- C. To decrease the tax liability of the insured ' s estate.
- D. To adjust the death benefit to keep up with inflation.
Correct Answer: B 🗳️
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