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