life insurance part 2

a non contributory health insurance plan what percentage of eligibile employees must participate in the plan before the plan can become effective

100%

the insured under a 100,000 life insurance policy with the triple indemnity rider for accidental death was killed in a car accident it was determined that the accident was his fault the triple indemnity rider in the policy species that the death must not be contributed to by the insured in. any manner in this case what will the policy beneficiary receive

100,000

following an injury a policy owner covered under medicare parts 1 and b was treated b her physician on an outpatient basis how much of her doctors bill will she be required to pay out of pocket

20% covered charges above the deductible

how many eligible employees must be included in a contributory plan

75%

under the uniform required provisions proof of loss under a health insurance policy normally should be filed with in

90 days of loss

in which of the following situations is it illegal for an insurer to disclose privileged information about an insured

A researcher fo marketing purposes

in which of the following situations is it illegal for n insurer to disclose privileged Information about an insured

a Reasearchr for marketing purposes

when the policy premium wasn't submitted with the application what should the agent obtain from the insured upon policy delivery

a statment of good health

who can make changes to the policy once it is in effect

an executive of the insurer

who can make full deductible contributions to a traditional ira

an individual not covered by an employer sponsder plan who has a earned income

who can make a full deducible contribution to a traditional ira

an individual not covered by an employer sponsored plan who has earned income

partners in a business enter into a buy -sell agreement to purchase life insurance which states that should one of them die prematurely the other would be financially able to buy the interest of the deceased partner what type of insurance policy may be used to fund the agreement

any form of life insurance

which of the following is not required to be stated in the outline of coverage provided with a long term care policy

basic info about supplementary policies

a dental plan that provides coverage based upon a specified maximum scheduled amount for each procedure and pays on a first dollar basis with no deducible or coinsurance is a

basic or scheduled plan

the provision in a health insurance policy that ensures that the insurer can not refer to any document that is not contained in the contract is the

entire contract clause

a man wants to buy a life insurance policy in which he can count on guranetedd minimum befits which type should he buy

fixed

under which installments option does the annuitant select the amount of each payment and the insurer determines how long they will pay the benefits

fixed amount

if a beneficiary wants a guarantee that benefits paid from a principal and interest would be paid for a period of 10 years before being exhausted what settlement option should the beneficiary select

fixed period

if a beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted what settelment option should the beneficiary selete

fixed period

annually renewable term policies provide level death benefit for a preimium that

increases annually

what type of insurance would be used for a return of premium rider

increasing term

what is the benefit of experience rating

it allows employers with low claims experience to get lower premiums

all of the following statements are true regarding installments for a fixed period annuity settlement option except

it is a life contingency option

all of the following statements are true regarding installments for a fixed period annuity settlement option except

it is a life contingency options

which of the following best describes annually relabel term insurance

it is level term insurance

alll of the following are true regarding the medical Information bureau except

mib reports are based upon info supplied by doctors and hospitals

in insured is involved in. car accident in addition to general less serious injuries he permanently loses the use of his leg and is rendered complete blind the blinds improves a month later to what extent will he receive presumptive disability benefits

no beniifts

a policy that does not pay dividends to policy owners is a

non participating policy

Bethany studies in England for semester while she is there she is involved in a train accident that leaves her disabled if Bethany owns general disability policy what will be the extent of benefits that she receives

none

under a pure life annuity an income is payable by the company

only for the life of the annuitant

a prospetiva insured receives a conditional receipt but dies before the policy is issued the insurer will

pay the policy proceeds only if it would have issued the policy

which of the following is the most common time for error and omissions to occur on the part of an insurer

policy delivery

which of the following will be included in a policy summary

premium amounts and surrender values

which of the following describes taxation of individual disability income income insurance premiums and benefits

premiums are not tax deducible and benefits are not taxable

which of the following describes taxation of individual disability income insrnace premiums and benefits

premiums are not tax deductible and benefits are not tabxable

after elimination period a totally disabled insured quilified and started receiving benefits from his disability income policy that has a waiver of premium rider what will most likely happen to the premiums paid into the policy during the elimination period

premiums will be refunded

after the elimination period a totally disabled insured qualified and started receiving benefits from his disability income policy that has. a waiver of premium rider what will most likely happen to the premiums paid into the policy during the elimination period

premiums will the refunded

an insurer wants to obtain information from investigates regarding an applicant for insurance what must the insurer do in order to legally aquire this information

present the insured with a disclose authorization notice

an insurer wantes to obtain information from investigators regarding an applicant for insurance what must the insurer do in order to legally acquire this information

present the insured with a disclosure authorization notice

in case of producer solicitation at what point must a long term care shoppers guide must be presented to the applicant

prior to the time of application

which nonforeturei option provides coverage for the longest period of time

reduced paid up

which nonforfeiture option provides coverage for the longest period of time

reduced paid up

all of the following are marketing arrangements used by insurer except

reinsurance system

which of the following insurers are owned by stockholders

stock

Childers riders attached to whole life polices are usually issued as what type of insurance

term

children riders are attached to whole life policies are usually issued as what type of insurance

term

which of the following is not a feature of noncancellable policy

the insurer may terminate the contract only at renewal for certain conditions

alll of the following are requirements for life insurance illustrations except

they must be part of the contract

which provision states that the insurance company must pay medical expenses claims immideitaly

time of payment of claims