guarantee exam missed questions
Long term care services
Medicare PArt b covers all of the following EXCEPT
b) The dependent reaches age 21
All of the following are reasons for group insurance termination for dependents EXCEPT a) The overall maximum benefit for major medical benefits is received b) The dependent reaches age 21 c) The dependent fails to meet the definition of a dependent d) The end of the last period for which the employee has made the required premium for dependents
C
How does insurance distribute the financial consequences of individual losses? a) tranfers the risk to associztes of the insured b) transfers the risk to a small number of persons insured c) it transfers the risk to all persons insured d) it retains the financial consequence
a
Which of the following types of care could be provided at a community center? a) adult day care b) respite care c) intermediate care d) skilled care
d
according to the life insurance replacement regulations, whicho f the following would be an example of policy replacement? a. term policy expires, and the insured buys another term life policy b. term insurance is change to a whole life policy c. lapsed policy is reinstate within a specific time frame d. policy is reissued with a reduction in cash value
c
all of the following are true of annually renewable term insurance EXCEPT a) the death benefit remains level b) the policy renews regardless of the insured's health c) proof of insurability must be provided at each renewal d) the premium increases each year
a
an adjustable life policy can assume the form of a. either term insurance or permanent insurance b. neither c. only term d. only perm
an insured suffers a relapse of a prior diasbility within 6 months of the initial covered disability
an elimination period may NOT have to be satisfied for a diasbility in which of the following
a
an employee that becomes ineligible for group coverage because of termination of employment or change in status, must exercise extension of benefits under COBRA a. within 60 days b. within 30 days c. before termination is complete d. within 10 days
d
an insurance company that is owned by the policyholder is called a a. fraternal insurer b. stocker insurer c. reciprocal insurer d. mutual insurer
a
an insured decides to surrender his Whole Life insurance policy. The cash value at surrender is higher than the premium paid into the policy, due to interest. What part of the surrender value would be income taxable? a. the differnece between the premiums paid and the cash value b. nothing c. the amount equal to the premiums paid d. the entire cash value amount
b
if an insured decides to reduce the coinsurance amount on her major medical insurance, what can the insured expect? a. stop loss increase b. higher monthly premium c. higher deductible d. lower lifetime benefit payout
taxation of benefits
if the insurance premiums were not tax deductible, what other taxation will this affect
d
in order for an alumni association to be eligible to purchase group health insurance for its members, all of these statements must be true EXCEPT when the association a. has a constitution by laws and must hold annual meetings b. is organized for reasons other than buying insurance c. has at least 100 members d. has been active for 5 years minimum
to provide additional information about the applicant to the underwrites
what is the purpose of the agents report in the application process
b
which of the following is provided by skilled medical personnel to those who need occasional medical assistance or rehab a. skilled care b. intermediate care c. custodial care d. home health care