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 MNLH exam has 145 questions and runs 3 hours.
These 10 free MNLH questions are organized by exam domain, so you can see how each part of the Minnesota Life & Health Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
A 42-year-old owner of a seasonal business wants permanent life insurance. Cash flow varies, so the client wants flexibility to change premium payments and, subject to underwriting, adjust the death benefit. The client does not want investment results tied to separate-account securities. Which policy best fits?
Correct answer: A - Universal life
An indexed life policy credits interest using an 80% participation rate, a 6% cap, and a 0% floor. The linked index gains 10% for the period. Policy charges are deducted separately. Which statement is accurate?
Correct answer: D - The policy credits 6%, and charges may still reduce the account value
An insured names three children as equal primary beneficiaries, per stirpes. One child dies before the insured and leaves two surviving children. What happens to the deceased child's share when the insured later dies?
Correct answer: C - It passes down that deceased child's branch to the two grandchildren
A whole life policyowner can no longer pay premiums but wants the original face amount to remain in force for as long as the existing cash value will support it. Which nonforfeiture option best matches that objective?
Correct answer: B - Extended term insurance
An applicant pays the initial premium and receives a conditional receipt stating that coverage will apply from the medical-exam date if the applicant was insurable under the insurer's standards on that date. The applicant dies in an accident before the home office completes underwriting. The insurer later determines that the applicant met those standards on the medical-exam date. Which conclusion is most accurate?
Correct answer: C - Coverage applies under the receipt, subject to its stated limits and conditions
During an application for a large single-premium annuity, the producer receives several cashier's checks from unrelated third parties. The applicant refuses to explain the source of funds and asks that the payer identities be omitted from the file. What is the producer's best response?
Correct answer: B - Use the insurer's AML process and escalate without tipping off the applicant
A 52-year-old policyowner borrows against a life policy classified as a Modified Endowment Contract. The contract has an unrealized gain, and no exception to the federal premature-distribution penalty applies. How is the loan generally treated for federal income-tax purposes?
Correct answer: D - As LIFO gain first, with ordinary income tax and generally a 10% penalty
A surgeon earned $12,000 per month before a covered disability and now earns $7,500 after returning to reduced duties. The policy pays a $6,000 full monthly benefit and calculates residual benefits in proportion to lost income. Which benefit and classification apply?
Correct answer: A - $2,250 as a residual disability benefit
A self-employed dentist is unable to work for several months. The practice needs coverage for rent, utilities, employee salaries, and routine office expenses while the dentist recovers; replacing the dentist's personal income is not the objective. The coverage designed for this exposure is:
Correct answer: D - Business overhead expense insurance
A client wants a health plan that uses a primary care physician and referrals to obtain the highest in-network benefits, yet still provides some nonemergency out-of-network coverage at higher cost. Which plan design most closely matches?
Correct answer: B - Point-of-service plan
The MNLH exam also covers these domains. Drill them in the full free practice test:
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