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

Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Actual PDF
  • 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: Aug 14, 2026
  • Q & A: 265 Questions and Answers
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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:

SectionObjectives
Ethics and Professional Conduct- Ethical responsibilities of insurance producers
- Consumer protection standards
Life Insurance- Life policy provisions and riders
- Types of life insurance policies
  • 1. Whole life insurance
    • 2. Universal life insurance
      • 3. Term life insurance
        Federal Regulations and Taxation- Tax treatment of insurance products
        - Federal insurance-related regulations
        Policy Provisions and Options- Beneficiaries and policy ownership
        - Standard policy provisions
        Annuities- Accumulation and payout options
        - Annuity types and features
        Insurance Fundamentals- Insurable interest and risk management concepts
        - Basic insurance principles
        State Insurance Regulations- Unfair trade practices and compliance
        - Producer licensing requirements
        Accident and Health Insurance- Disability income and medical expense coverage
        - Health insurance plans and structures

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

        1. Which is true about the taxation of benefit payments under a non-qualified annuity?

        A) Benefits received before age 59½ may be subject to a tax penalty
        B) Benefits must commence by age 70½ to avoid a tax penalty
        C) Benefits are fully taxable at all times
        D) Benefits received after age 59½ are normally tax exempt


        2. Which of the following is generally assessed when a participant receives retirement savings from an IRA before reaching age 59½?

        A) Income tax only
        B) Capital gains tax
        C) Income tax and a penalty tax
        D) A penalty tax only


        3. All advertisements for health insurance shall make clear the identity of the:

        A) Insured
        B) Insurance Commissioner
        C) Insurer
        D) Beneficiary


        4. One factor in premium determination is the expenses of the:

        A) Policy beneficiary
        B) Producer
        C) Insurer
        D) Policy owner


        5. If the owner makes a withdrawal from a tax-sheltered annuity, or TSA, at age 56, the amount of federal taxes owed normally will be:

        A) Nothing, since under a qualified plan the taxes are deferred
        B) The usual tax on ordinary income, plus 10% of the amount withdrawn
        C) Only 10% of the amount withdrawn
        D) Only the usual tax on ordinary income


        Solutions:

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

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