Life insurance foundations
Review how term life, whole life, universal life, beneficiaries, settlement options, and cash value features work together. Focus on who owns the policy, who is insured, and who receives proceeds.
Practice
Free Florida exam prep practice
Florida Life & Health Insurance Practice
Practice selected Life & Health Insurance questions, check your answers instantly, and review clear explanations before test day.
Industry
Insurance
Practice content for insurance licensing exams, starting with state-specific Life & Health Insurance prep.
Exam
Life & Health Insurance
Sample practice materials for life, health, policy provisions, underwriting, and beneficiary concepts.
State practice
Florida
These questions are original practice material for study and review only.
Practice question
Question 1 of 50
Florida · Life & Health Insurance
life-insurance-basicsunderwriting-and-applications
A life insurance applicant wants to buy a policy on another person. What must generally exist when the application is made?
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Study guide
Florida Life & Health Insurance study guide
Use this guide with the practice flow above. The goal is not to memorize answers, but to recognize how common Life & Health Insurance, policy, underwriting, and Florida regulation concepts appear in question form.
Policy provisions and riders
Pay attention to grace periods, free-look rights, incontestability, suicide clauses, waiver of premium, and accidental death riders. These provisions explain how coverage behaves after a policy is issued.
Health insurance cost sharing
Know the difference between deductibles, copayments, coinsurance, exclusions, coordination of benefits, and out-of-pocket maximums. Many health questions test whether you can identify who pays and when.
Disability and supplemental health
Disability income, elimination periods, benefit periods, long-term care, and Medicare supplement concepts all focus on specific coverage needs. Read the wording carefully to identify the type of risk being covered.
Applications and underwriting
Applications, representations, insurable interest, conditional receipts, and producer responsibilities are closely connected. A strong answer usually protects accurate disclosure and fair underwriting.
Florida regulation and ethics
Florida-focused review should include state insurance regulation, unfair trade practices, replacement, advertising, premium handling, privacy, and consumer protection.
Sample questions
Try these Florida Life & Health Insurance sample questions
Use these sample questions to check your readiness. Each one includes the correct answer and a short explanation. Start the interactive practice above to work through the full 50-question set with answer feedback and optional AI help.
1. A life insurance applicant wants to buy a policy on another person. What must generally exist when the application is made?+
A.A promise that the policy will never lapse
B.Insurable interest in the person being insured
C.A requirement that the insurer be named beneficiary
D.A waiver of all medical underwriting
Correct answer: B. Insurable interest in the person being insured
Explanation: Insurable interest generally must exist at the time of application. It helps show that the applicant has a lawful interest in the insured's continued life.
2. What is the main difference between a primary beneficiary and a contingent beneficiary?+
A.The contingent beneficiary always controls premium payments
B.The primary beneficiary is the insurer that issued the policy
C.The contingent beneficiary is always the policyowner
D.The primary beneficiary is first in line to receive proceeds, while the contingent beneficiary receives them only if the primary beneficiary cannot
Correct answer: D. The primary beneficiary is first in line to receive proceeds, while the contingent beneficiary receives them only if the primary beneficiary cannot
Explanation: A primary beneficiary is first in line for the death benefit. A contingent beneficiary is next in line if the primary beneficiary dies before the insured or cannot receive the proceeds.
3. A health insurance plan requires the insured to pay the first covered expenses each year before plan benefits begin. What is this amount called?+
A.Deductible
B.Death benefit
C.Policy loan
D.Beneficiary designation
Correct answer: A. Deductible
Explanation: A deductible is the amount the insured pays for covered expenses before the plan begins paying benefits, subject to the policy terms.
4. What does a life insurance grace period provision generally do?+
A.It lets the producer change the policy without the policyowner's consent
B.It removes the need for a beneficiary
C.It gives the policyowner a limited time after a premium due date to pay before coverage lapses
D.It guarantees every health claim will be paid
Correct answer: C. It gives the policyowner a limited time after a premium due date to pay before coverage lapses
Explanation: A grace period gives the policyowner additional time to pay an overdue premium and keep coverage from lapsing, subject to policy terms.
5. A producer discovers that an applicant skipped a required question on the application. What should the producer do before submitting it?+
A.Ask the applicant to provide the missing answer and confirm the application is complete
B.Submit the application and let the insurer guess the answer
C.Answer the question for the applicant without asking
D.Remove the page that contains the unanswered question
Correct answer: A. Ask the applicant to provide the missing answer and confirm the application is complete
Explanation: Applications should be complete and accurate. A producer should have the applicant provide missing information rather than guessing or altering the application improperly.
6. A Florida learner compares disability income policies and sees a 30-day elimination period. What does that waiting period control?+
A.The length of time a beneficiary controls the policy
B.The period after which the policy becomes life insurance
C.The waiting period before benefits begin after a covered disability starts
D.The time when premium payments are never required
Correct answer: C. The waiting period before benefits begin after a covered disability starts
Explanation: The elimination period is the waiting period after a covered disability begins before disability income benefits become payable.
7. Which need is long-term care insurance primarily designed to help address?+
A.Short-term automobile rental expenses
B.A death benefit for any cause at any time
C.A producer's license renewal fee
D.Extended custodial or skilled care needs, subject to policy terms
Correct answer: D. Extended custodial or skilled care needs, subject to policy terms
Explanation: Long-term care insurance is intended to help cover extended care needs such as custodial care or skilled care, depending on benefit triggers and policy limitations.
8. A Florida senior asks why someone might buy Medicare supplement coverage alongside Original Medicare. What gap is the policy mainly designed to address?+
A.To replace every state insurance requirement
B.To help pay certain cost-sharing amounts left by Original Medicare
C.To provide workers' compensation coverage
D.To guarantee cash value in a life policy
Correct answer: B. To help pay certain cost-sharing amounts left by Original Medicare
Explanation: Medicare supplement coverage works with Original Medicare by helping pay certain deductibles, coinsurance, or other cost-sharing amounts, depending on the plan type.
9. A producer discusses replacing an existing life insurance policy. Which practice best supports a fair replacement discussion?+
A.Telling the applicant that all new policies are automatically better
B.Ignoring surrender charges and new contestability periods
C.Reviewing material differences, potential costs, and possible loss of existing benefits
D.Avoiding all written information about the existing policy
Correct answer: C. Reviewing material differences, potential costs, and possible loss of existing benefits
Explanation: Replacement discussions should be fair and clear. The applicant should understand material differences, costs, surrender charges, and possible loss of benefits before deciding.
10. Which producer action best reflects consumer protection expectations in Florida insurance sales?+
A.Using misleading comparisons to pressure an immediate purchase
B.Explaining policy limits, exclusions, and premium obligations clearly before the applicant buys
C.Advertising benefits that the policy does not provide
D.Keeping premium payments without following required handling procedures
Correct answer: B. Explaining policy limits, exclusions, and premium obligations clearly before the applicant buys
Explanation: Clear and accurate explanation of policy terms supports consumer protection. Misleading comparisons, improper advertising, and improper premium handling create regulatory and ethical concerns.
Common questions
Florida Life & Health Insurance FAQ
Are these Florida licensing exam items?+
No. They are original practice questions designed to review common life, health, and Florida insurance concepts.
Do I need to log in to practice?+
No. Basic practice questions, answer feedback, and explanations are available without login.
Should I still check Florida licensing requirements?+
Yes. Rules can change, so confirm current requirements with the Florida Department of Financial Services or your prelicensing provider.