NC Insurance Agent Health

In all health care plans under the Affordable Care Act (ACA), how many essential benefit categories are there?

10

Which of the following will not be an appropriate use of a deferred annuity?

Creating an estate

Which of the following are not fundable by annuities?

Death benefits

If an annuitant dies before annuitization occurs, what will the beneficiary receive?

Either the amount paid into the plan or the cash value of the plan, whichever is the greater amount

The provision which states that both the policy and a copy of the application form the contract between the Policyowner and the insured is called the

Entire contract

Under which of the following annuity options does the annuitant select the time period for the benefits, and the insurer determines how much each payment will be?

Installments for a fixed period

All of the following are true of an annuity owner except

The owner must be the party to receive benefits.

Periodic payments of accumulated funds best describes

an annuity

Which of the following products will protect an individual from outliving his or her money?

annuity

A 27-year-old professional has limited income and can only budget $15 per month for life insurance. Which of the following life insurance policies would provide the largest face amount for that amount of premium?

Term insurance

Which of the following is true about the 10-day free-look period in a Life Insurance policy?

It begins when the policy is delivered.

The annuity owner dies while the annuity is still in the accumulation stage. Which of the following is true?

The beneficiary will receive the greater of the money paid into the annuity or the cash value.