10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The NVLH exam has 159 questions and runs 3 hours 35 minutes.
These 10 free NVLH questions are organized by exam domain, so you can see how each part of the Nevada Life & Health Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
A client wants permanent life insurance with flexible premiums and an adjustable death benefit. The client also wants to allocate cash value among separate-account investments and accepts the risk of market losses. Which policy best matches the request?
Correct answer: A - Variable universal life
An indexed annuity first applies an 80% participation rate to the index gain and then applies a 6% cap. There is no spread, the floor is 0%, and the index rises 10% during the crediting period. Which result is correct?
Correct answer: C - A 6% credit, without direct ownership of the underlying index securities
A policyowner collaterally assigns a life policy to a bank as security for a business loan. The insured dies while a secured balance remains outstanding, and there are no other policy debts. How should the death proceeds be allocated?
Correct answer: D - Pay the bank the secured balance and pay the remainder to the beneficiary
During an application for a large single-premium life policy, the customer asks to split the payment among several cashier's checks 'so it will not attract review' and refuses to identify the third party supplying the funds. What should the producer do?
Correct answer: B - Do not assist the split; seek the required ownership and source-of-funds information, and escalate through the insurer's AML process without disclosing any potential suspicious-activity report
On January 5, an applicant submits a life insurance application and the initial premium. The conditional receipt states that coverage begins on the later of the application date or the required medical-exam date if the applicant is insurable at the applied-for standard class on that date. The exam is completed January 8, underwriting later confirms standard insurability, and the applicant dies in an accident on January 10 before policy issue. Which conclusion follows?
Correct answer: A - Coverage began January 8, so the death claim is payable subject to the contract
Two partners want funds to purchase a partner's ownership interest if that partner remains totally disabled after a 12-month waiting period. A separate policy already reimburses rent, payroll, and utilities during an owner's disability. Which coverage fills the remaining need?
Correct answer: A - Business disability buyout
Federal COBRA applies to an employer's plan. An employee loses coverage because of a reduction in hours and elects 18-month continuation. Ten months later, the employee and spouse divorce; the plan receives timely notice, and the divorce would have caused the spouse to lose coverage if the first event had not occurred. When does the spouse's continuation end?
Correct answer: C - 36 months after the original reduction-in-hours event
A major medical plan has a $1,000 annual deductible and pays 80% of the allowed amount after the deductible. The insured has already satisfied $600 of the deductible. A covered service has a $4,000 allowed amount, with no copayment or out-of-pocket-maximum issue. What will the insurer pay, and what will the insured owe?
Correct answer: D - The insurer pays $2,880, and the insured owes $1,120
To persuade a Nevada client to replace an existing life policy, a producer falsely says the policy will soon lose all cash value and omits its guaranteed benefits. Which unfair trade practice is this?
Correct answer: B - Twisting
A Nevada family health policy requires an additional premium to continue coverage for a newborn. The child is born March 2, and the parent gives the insurer the required notice and premium on March 24. A congenital condition is treated on March 5. On what date did the child's coverage begin?
Correct answer: D - March 2, from the moment of birth
The NVLH exam also covers these domains. Drill them in the full free practice test:
The full bank has 1,020 more NVLH questions with explanations.
Continue in the free practice test →
View plans