Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo real exam prep : 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: Aug 17, 2026
  • Q&As: 265 Questions and Answers

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Life-and-Accident-and-Health-or-Sickness-Producer-Combo exam dumps

Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
Annuities- Accumulation and payout options
- Annuity types and features
State Insurance Regulations- Unfair trade practices and compliance
- Producer licensing requirements
Policy Provisions and Options- Standard policy provisions
- Beneficiaries and policy ownership
Federal Regulations and Taxation- Federal insurance-related regulations
- Tax treatment of insurance products
Life Insurance- Types of life insurance policies
  • 1. Term life insurance
    • 2. Whole life insurance
      • 3. Universal life insurance
        - Life policy provisions and riders
        Ethics and Professional Conduct- Consumer protection standards
        - Ethical responsibilities of insurance producers
        Insurance Fundamentals- Insurable interest and risk management concepts
        - Basic insurance principles
        Accident and Health Insurance- Health insurance plans and structures
        - Disability income and medical expense coverage

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

        1. The primary purpose of disability income insurance is to:

        A) Provide indemnity for loss of life
        B) Pay necessary hospital expenses when the insured is unable to work
        C) Pay any physicians' fees resulting from a disabling injury
        D) Provide benefit payments for a period of time when the insured is unable to work


        2. (If Kim applies for a life insurance policy on Kim's own life and names Chris to receive the death benefit:)

        A) Chris is the policyowner and the insured.
        B) Kim is the policyowner and the applicant.
        C) Chris is the applicant and the beneficiary.
        D) Kim is the insured and the beneficiary.


        3. A policyholder uses a Section 1035 exchange to replace an existing life insurance policy. If the new policy is later surrendered, the gain realized on termination is taxed as:

        A) A deferred capital gain
        B) Ordinary income plus a 10% surcharge
        C) A capital gain
        D) Ordinary income


        4. Which benefit is usually excluded from major medical expense plan coverage?

        A) Physical therapy
        B) Routine dental care
        C) Prescription drugs
        D) Hospice care


        5. In Maryland, continuation of medical plan coverage for a handicapped child beyond the age limit stated in the policy may require proof of the child's:

        A) Continued insurability
        B) Incapacity and dependency upon reaching the age limit
        C) Dependency for the first two years of continued coverage only
        D) Incapacity only


        Solutions:

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

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