Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo : 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: Jul 02, 2026
  • Q & A: 265 Questions and Answers

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

1. How long will income benefit payments continue under a life annuity with ten years certain?

A) Until the annuitant dies, or for ten years, whichever is longer
B) Only until the annuitant dies, regardless of when death occurs
C) Until the annuitant dies, and for an additional ten years
D) Only for ten years, regardless of how long the annuitant lives


2. Under which marketing system do insurers solicit customers by mass media advertising and mail without the services of a producer?

A) Branch office
B) Captive agent
C) Direct response
D) Contingent


3. An individual purchased a flexible premium deferred annuity. When must the interest income be reported for federal income tax purposes?

A) Never at any time because an annuity has tax-exempt status
B) Upon receiving distributions or income benefits from the contract
C) After first recovering the principal invested in the contract
D) At least annually throughout the period of the contract


4. Under which of the following circumstances may a class designation of beneficiary in life insurance be used?

A) To donate insurance proceeds to a specific organization or charity
B) To name the insured's children as beneficiaries without naming them individually
C) To set up a trust fund for the insured's children
D) To name a specific beneficiary to receive the proceeds on behalf of a group


5. If, after submitting an application, a producer becomes aware of a material fact that may affect the underwriting decision, the producer ' s ethical responsibility requires that the producer:

A) Advise the applicant to amend the application
B) Deny knowledge of the fact
C) Acknowledge the fact only if asked by the insurance company
D) Report the fact to the insurance company


Solutions:

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

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