Kristi purchases an annuity that will pay her husband an income for 15 years. If he dies, this income will become payable to their children for the remainder of the period. Kristi has what kind of annuity?

The Maryland Life and Health Insurance Licensing Exam covers general insurance principles, specific life/health products, and state-specific regulations, typically consisting of 130-140 multiple-choice questions. Key topics include annuities, policy provisions, LTC, and Maryland insurance laws. A 70% score is required to pass.  Exam Topics and Content Outline General Insurance Principles: Basic concepts, risk management, and contract law. Life Insurance: Types of policies (term, whole life), policy riders, options, and tax treatment. Annuities: Principles, types (immediate vs. deferred),... Show more

The Maryland Life and Health Insurance Licensing Exam covers general insurance principles, specific life/health products, and state-specific regulations, typically consisting of 130-140 multiple-choice questions. Key topics include annuities, policy provisions, LTC, and Maryland insurance laws. A 70% score is required to pass. 

Exam Topics and Content Outline
General Insurance Principles: Basic concepts, risk management, and contract law.
Life Insurance: Types of policies (term, whole life), policy riders, options, and tax treatment.
Annuities: Principles, types (immediate vs. deferred), and payment options.
Health Insurance: Medical plans, disability income, dental, and group policies.
Health Policy Provisions: Mandatory and optional provisions, including long-term care (LTC) policies.
Maryland Insurance Laws and Regulations: Specific regulations for licensing, marketing practices, and prohibited acts. 

Exam Details
Exam Structure: The combined Life, Accident, and Health exam usually includes 140 questions and lasts 2 hours and 30 minutes.
Pre-licensing Requirement: 40 hours of approved pre-licensing study for the combined exam.
Testing Provider: Prometric administers the exam.

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