life insurance exam fx final
a participating insurance policy may do which of the following
pay dividends to the Policyowner
a patient who has sever gingivitis and is seeking treatment from his dentist, what type of dental treatment is this
periodontics
When a whole life policy lapses or is surrendered prior to maturity, the cash value can be used to
purchase a single premium policy for a reduced face amount
when benefits are paid directly to the insured under a health insurance policy, the policy provides benefits on what type of coverage
reimbursement
in order to qualify for conversion from a group life policy that has been terminated to an individual policy of the same coverage, a person must have been insured under the group plan for how many years
5
all of the following are correct about the required provisions of a health insurance policy except
a reinstated policy provided immediate coverage for illness
which of the following would be considered an unfair claims settlement practice
advising the insured that if a claim goes to arbitration, the insured would probably receive less than what is currently being offered
While a claim is pending, an insurance company may require
an independent examination as often as reasonable required
in comparison to a policy that uses the accidental means definition, a policy that uses the accidental bodily injury definition would provide coverage that is
broader in general
when an employer offers to give an employee a wage increase in the amount of the premium on a new life insurance policy, this is called
executive bonus
according to the nonforfeiture law, if the owner decides to surrender a deferred annuity prior to annuitization, the owner is entitled to which of the following
guaranteed surrender value
an underwriter may obtain information on an applicants hobbies, financial status, and habits by ordering an
inspections report
what are the two components of a universal policy
insurance and cash account
During partial withdrawal from a universal life policy, which portion will be taxed?
interest
which of the following is true of a qualified plan
it has a tax benefit for both the employer and employee
the interest earned on policy dividends is
taxable
which of the following is an example of a producer being involved in an unfair claim practice of rebating
telling a client that his first premium will be waived if he purchases the insurance policy today
How do employer contributions to a Health Savings Account affect the insured's taxes?
the employer contributions are not included in the individual's taxable income
in a group policy who is issued a certificate of insurance
the individual insured
all of the following statements concerning the use of the life insurance as an executive bonus are correct except
the policy is owned by the company
which of the following life insurance policies would be considered interest sensitive
universal life
Under the Physical Exam and Autopsy provision, how many times can an insurer have the insured examined, at its own expense, while a claim is pending?
unlimited
how long will the beneficiary receive payments under the single life settlement option
until the beneficiary's death