Life & health exam

Which of the following would benefit the most from a straight life immediate annuity

A 60 year old man who needs as much retirement income as possible

The entire contract includes all the following except A. Any riders B. A buyers guide C. Life insurance policy D. a copy of the application

B. A buyers guide

Shut, the following is a preferred solution for reducing the cost of hospitalization? A. Nursing home B. Medicare for those under 50 C. Outpatient services D. full-time nursing care

C. Outpatient nursing homes

Policy delivery refers to the delivery of the

Completed Insurance policy to the Policyowner

At what point what an automatic premium loan be guaranteed A. Upon the insurance death B. Once a policy is delivered C. Upon the surrender of the policy D. Following the grace period

Following the grace period

Riley Reid in agreement on the first page of her policy, which includes a list of losses that will be covered by her insure. What is the name of this agreement?

Insuring clause

Which of the following best describes this type of care provided by HMOs

Preventative

Carlos health insurance policy pays benefits according to a list which indicates amount that is available under each type of covered treatment or procedure. Earliest policy provides benefits on a

Scheduled basis

All the following are true about key person insurance except

The death benefit is taxable to the business

In a group policy, all of the following can be the policy owner except

The insurance company

Which of the following statements is incorrect

The insurer does not have the right to conduct an auto topsy

Which of the following is not a type of hazard?

exposure

Which of the following types of insurance products would be appropriate for an individual with low income, and High insurance needs? A. Paid up at 65 insurance B. Variable annuity C. Term D. Straight whole life

C term insurance

How long is a period of time with a license mushroom knew his or her license? A. 30 days to prior expiration B. 60 days to prior expiration C. 90 days to prior expiration D. one year to prior expire ration

C. 90 days

Which of the following types of insurance policies would perform the function of cash accumulation A. Credit life B. Increasing term life C. Whole life D. term life

C. Whole life Life insurance is unique from other types of insurance. In that could perform the function of cash accumulation. Cash values are available and two life policies.

According to the time, limit on certain defenses, provision, no statement or miss statement made in the application at the time of issue will be used to deny the claim after the policy has been in force for how many years A. 5 B. 7 C. 2 D. 3

D. 3

Needs approach to calculating the amount of life insurance need it is based on A. Whether or not the family is in the black out period B. Whether or not the family and shirt has dependence C. The estimate of what would be lost to the family in the event of a premature death of the insured D. predicted need of a family after the premature death of an insured

D. Predicted need of a family after the premature death of an insured.

What is the difference between a straight life policy in a 20 pay whole life policy? A. The benefits settlement option B. The face amount & cash value C. a policy maturity date D. Premium payment period

D. Premium payment period

Say, loan request is for payment of duke provisions on the policy, how soon must say the insurer issue a loan? A. Immediately B. Within 10 days C. Within 30 days D. Within 90 days

A. Immediately

Medicare part a services do not include which of the following A. Private duty, nursing B. Post hospital, skilled nursing facility care C. Hospitalization D. hospice care

A. private duty, nursing

An applicant mistakes, his age on his application for health insurance policy. He states that he is 39, but his actual age is 49 when he files a claim what will most likely happen? A. Policy will automatically be dropped B. if the mistake was found after and consist ability. The benefit will be paid in full. C. Benefits will be those that have been purchased at the correct D. Benefits will not be paid

C. Benefits will be Those that would have been purchased at the correct age

The life insurance company uses HIV testing as part of its underwriting. When must an applicant be notified of the procedure? A. Prior to solicitation of the policy B. Prior notice it's not C. Prior performance of test D. Prior to ordering a physical examination

C. Prior performance of test

When an ensure recently had a new home built in insisted on having smoke detectors installed in multiple places in the house. What method of handling risk is it insured using? A. Avoidance B. Sharing C. Reduction D. retention

C. Reduction

And insured's hospital policy states that it will pay him a flat fee of $75 per day for each day his heart hospitalized the policy pays benefits on what basis? A. Reimbursement B. Expense C. Service D. indemnity

D. Indemnity Indemnity policy do not pay expenses or bills. They merrily provide the ensure with a standard benefit amount for each day. The insured is confined in a hospital.

An equity indexed annuity will grow based upon

Performance of a recognized index

Is the purpose of requiring license for a person who transact insurance? A. Protect ensure companies from incompetent insurance procedures B. Protect the general public C. be able to collect commissions D. Generate income for the department of insurance

B. Protect the general public

Under a group medical policy prescription drug plans are A. Not included B. Covered by the employer, and ensure C. Mandatory benefits D. Optional benefits

D. Optional benefits

Your mandatory uniform provision, legal actions and insured is prevented from bringing a suit against the insured to recover on a health policy prior to

60 days after written proof of loss has been submitted

The benefits for group disability plans are based on

A percentage of the workers income

An applicant may change information discovered as a result of investigative consumer report, under which of the following acts? A. Fair credit reporting B. Privacy protection act C. Consumer credit protection act D. HIPAA

A. Fair credit reporting act

Which of the following persons is required to hold a producer license in the state? A. an assistant, who secures and furniture's information for group insurance B. a salaried employee who advertises and Solicits insurance C. An agents administrative assistant who takes messages regarding two claims D. a Director of the insurer his duties are administrative or Clerical nature

B. a salaried employee who advertises and Solicits insurance

Which of the following statements about advertising of the life insurance policies is correct A. it is a commissioner's responsibility to control the continent and form of the advertisement B. it is it ensures responsibility to control the continent and form of the advertisement C. Once an advertisement leave the hands of the ensure it is no longer the insurance responsibility D. it is a writer's responsibility to control the continent and form of the advertisement

B. it is the insured responsibility to control the continent and form of the advertisement

All the following statements about in text whole life. Insurance are correct except A. There is a guaranteed minimum minimum interest rate B. The cash value depends on the performance of the equity index C. The policy face amount remains level throughout the life of the policy D. the premium is fixed

C. The policy about remains level throughout the life of the policy In indexed whole life policies, the face amount increases annually to keep pace with inflation. All other statements are true.