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 WYLH exam has 150 questions and runs 2 hours 30 minutes.
These 10 free WYLH questions are organized by exam domain, so you can see how each part of the Wyoming Life & Health Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
An indexed universal life policy credits annual interest by multiplying the index gain by the participation rate, then applying the cap and floor. The index rises 11%, the participation rate is 75%, the cap is 7%, the floor is 0%, and no spread applies. Monthly policy charges are deducted separately. What crediting result applies to the indexed segment?
Correct answer: B - 7% before the separate policy charges are deducted
A married couple is annuitizing savings. They want payments to continue at the original amount for as long as either spouse is alive, and they accept a lower starting payment in exchange. Which payout option best matches the objective?
Correct answer: D - Joint and survivor with 100% continuation
A whole life policy has lapsed after premium nonpayment, but it has enough cash value for a nonforfeiture option. The owner wants the original face amount preserved for the longest period the cash value can buy and does not want to pay another premium. Which option should be selected?
Correct answer: A - Extended term insurance
A life policy has been in force for six years. During claim review, the insurer discovers that the insured was age 54 at issue, not age 49 as stated. The premium paid would have purchased $180,000 of coverage at the correct age instead of the $225,000 face amount. How should the claim generally be settled?
Correct answer: C - Pay $180,000
An applicant submits a life application, pays the first premium, and receives an insurability conditional receipt. The receipt states that temporary coverage exists only if the applicant qualifies at standard rates on the later of the application date or required medical-exam date. The exam reveals a condition that made the applicant uninsurable on that date, and the applicant dies before the insurer acts. What is the correct claim outcome?
Correct answer: A - No temporary coverage existed; return the premium
A prospective annuity owner proposes a large single premium using cashier's checks from unrelated third parties, refuses to explain the source of funds, and asks how soon the contract can be surrendered. What should the producer do first?
Correct answer: C - Escalate the red flags promptly to the insurer's AML contact without tipping off the applicant
A 45-year-old owns a Modified Endowment Contract with an $80,000 tax basis and a $110,000 cash value. The owner takes a $20,000 policy loan and no penalty exception applies. What is the general federal tax result?
Correct answer: B - $20,000 is taxable income, plus a $2,000 additional tax
A self-employed veterinarian already has personal disability income coverage. The practice now wants reimbursement for rent, employee salaries, utilities, and equipment-lease payments if the veterinarian becomes disabled. Which policy is designed for this need?
Correct answer: D - Business overhead expense insurance
An in-network provider bills $20,000 for a covered service. The PPO's allowed amount is $18,000. The member has $1,500 of deductible remaining, and the plan pays 70% of the allowed amount after the deductible. No copay applies, the out-of-pocket maximum has not been reached, and the provider may not balance bill. How much should the plan pay, and how much should the member owe?
Correct answer: C - Plan $11,550; member $6,450
An insured with a guaranteed renewable individual health policy develops cancer and incurs several costly claims. Premiums remain current. Which action is the insurer permitted to take?
Correct answer: A - Renew the policy but raise rates for the entire stated class
The WYLH exam also covers these domains. Drill them in the full free practice test:
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