INDIANA STATE LIFE & HEALTH EXACTITUDE EXAM SERIES LATEST UPDATE QUESTIONS WITH CORRECT ANSWERS 

Individual disability income policies typical include an elimination period (t/f)
True
A producer's license may be denied, suspended, or revoked if the licensee:
is found guilty of misrepresentation in obtaining the license
Which of the following actions is NOT possible with a Universal Life policy?
premiums may be applied as a credit against income tax
How long is the typical free look period for long term care insurance policies?
20 days
Equity indexed annuities are invested in:
The S&P 500
Group life policies in Indiana are required to contain a conversion privilege that
allows for conversion:
to an individual policy for a stated period of time
What is a key requirement for accelerated death benefit policy?
Must have a terminal illness to qualify
Qualified LTC policies may take into consideration an applicant's pre-existing
conditions for a maximum of not more than _____ month(s) prior to the effective
date of coverage
6
An insured must qualify for social security disability income to be accepted for
the waiver of premium provision? (t/f)
false
What type of annuity has a cash value that based upon the performance of it's
underlying investment funs?
Variable