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Updated: Jul 12, 2026
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Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. Under the minimum distribution requirement, a qualified retirement plan must distribute at least a certain amount each year after a retired participant attains age:
A) 65
B) 70½
C) 59½
D) 62
2. Medicare Supplement insurance is specifically designed for individuals who:
A) Have enrolled in Medicare
B) Have low incomes and limited assets
C) Cannot obtain commercial coverage due to health problems
D) Are ineligible for coverage under an employer group accident and health plan
3. The Medical Information Bureau may release information in the proposed insured ' s file to:
A) Any physician
B) Member insurance companies
C) Employment agencies
D) The insured ' s employer
4. An individual purchased an annuity contract with $100,000 received in settlement of a lawsuit. No further purchase payments are permitted, and benefit payments are to start in 17 years. The contract is:
A) A single premium deferred annuity
B) An individual retirement annuity (IRA)
C) A retirement annuity
D) An individual life annuity
5. Disability income insurance premiums are a deductible expense when the premiums are paid by:
A) A corporation for group disability income coverage for the employees
B) An insured for individual disability income coverage
C) A partnership for group disability income coverage for the partners
D) An employee for group disability income coverage
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
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