US Insurance Life Health Advanced Test 4

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 4 (Life Health Advanced) Professional (Insurance, USA) USA State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 4 (Life Health Advanced) · Education: Professional (Adult) · Part: Insurance — Test 4 (Life Health Advanced) · Country: USA

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is a beneficiary?

A) agent

B) lender

C) person receiving payout

D) adjuster

Question 2

What is a premium?

A) copay

B) claim payout

C) deductible

D) regular insurance payment

Question 3

What is a deductible?

A) copay

B) monthly bill

C) amount paid before coverage

D) payout

Question 4

What is underwriting?

A) canceling

B) claim filing

C) selling

D) risk assessment for policies

Question 5

What is a copay?

A) deductible

B) fixed visit fee

C) payout

D) premium

Question 6

What is liability coverage?

A) your car repairs

B) medical for you

C) pays others' damage you cause

D) theft of yours

Question 7

What is collision coverage?

A) your car crash repairs

B) theft

C) liability

D) flood

Question 8

What is comprehensive coverage?

A) health

B) collision

C) liability

D) non-crash damage (theft, hail)

Question 9

What is term life insurance?

A) investment

B) no expiry

C) lifetime

D) coverage for a set period

Question 10

What is whole life insurance?

A) lifetime plus cash value

B) yearly

C) term only

D) no payout

Question 11

What is an exclusion?

A) deductible

B) what policy does NOT cover

C) covered item

D) premium

Question 12

What is a rider?

A) claim

B) cancel

C) added coverage option

D) basic policy

Question 13

What is coinsurance?

A) premium

B) shared percent after deductible

C) copay

D) full coverage

Question 14

What is an out-of-pocket max?

A) premium

B) deductible

C) yearly payment ceiling

D) unlimited

Question 15

What is HMO?

A) any doctor

B) network HMO care plan

C) PPO

D) no referrals

Question 16

What is PPO?

A) free care

B) flexible network plan

C) no coverage

D) HMO only

Question 17

What is flood insurance?

A) homeowners covers

B) auto covers

C) separate NFIP policy

D) no need

Question 18

What is an adjuster?

A) cancels

B) sells policies

C) collects premiums

D) assesses claim payouts

Question 19

What is subrogation?

A) insurer recovering from at-fault party

B) canceling

C) doubling payout

D) refunding

Question 20

What is actual cash value?

A) purchase price

B) agreed value

C) replacement minus depreciation

D) new price

US Insurance Life Health Advanced Test 4

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