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Final exam -Florida life and health questions and answers already graded A+ 2024/2025 $13.49
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Exam (elaborations)

Final exam -Florida life and health questions and answers already graded A+ 2024/2025

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  • Course
  • FLORIDA LIFE AND HEALTH INSURANCE
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  • FLORIDA LIFE AND HEALTH INSURANCE

Final exam -Florida life and health questions and answers already graded A+ 2024/2025

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  • June 2, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • FLORIDA LIFE AND HEALTH INSURANCE
  • FLORIDA LIFE AND HEALTH INSURANCE
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Ashley96
Final exam -Florida life and health

Which of the following factors affect the amount of monthly disability benefits payable under
social security? - ANSThe THE AMOUNT OF BENEFITS AVAILABLE from other sources

Which of the following provisions specifies how long a policy owner's health coverage will
remain in effect if the policy owner does not pay the premium when it is due? - ANSGrace
period

As a condition for a loan, a bank requires the borrower to purchase credit insurance from a
specific company. What is the bank guilty of? - ANSCoercion

A physician opens up a new practice and qualifies for a $7,000/monthly Disability income policy.
What rider would the physician add if he wants the ability to increase his policy benefits as his
practice and income grow? - ANSGuaranteed insurability option rider

Which of these types of coverage is best described as a short term medical policy -
ANSINTERIM coverage

The COBRA gives workers (and their families) whose employment has been terminated the
right to... - ANSContinue group health benefits

Under Florida law, which of the following provisions is NOT required in a Medicare Supplement
policy? - ANSLimitation on pre-existing conditions for up to 12 months.

What are adjustable rates for life policy loans in Florida based on? - ANSMoody's corporate
bond index

A policyowner's rights are limited under which beneficiary designation? - ANSIrrevocable

A trustee-to-trustee transfer or rollover funds in a qualified plan allows a participant to avoid: -
ANSMandatory income tax withholding on the transfer amount.

J is an agent who has induced an insured through misrepresentation to surrender an existing
insurance policy. What is J guilty of? - ANSTwisted (got me twisted)

Who's life is covered on a life insurance policy that contains a payor benefit clause? - ANSChild

Which of the following annuities pays benefits based on units rather that specific dollar amounts
- ANSA Variable annuity

the USA Patriot Act was enacted in - ANS2001

, What type of rider would be added to an Accident and Health Policy if the policy owner wants to
ensure the policy will continue if he/she ever becomes totally disabled? - ANSWaiver of
Premium Rider

A Disability Income policyowner suffers a disability which was due to the same cause as a
previous disability. Both disabilities occurred within a five-month period. The insurer may cover
the second disability without a new elimination period under the: - ANSRecurrent disability
provision

What is the purpose of the Life and Health Insurance Guaranty Association? - ANSProtect
policy owners against insolvent insurance companies

In Florida, which of the following practitioners normally do NOT receive payment from health
insurance policies? - ANSNaturopaths

S would like to use dividends from her life insurance policy to purchase paid-up additions. All of
these would be factors that determine how much coverage can be purchased EXCEPT -
ANSS's attained age

In regards to representations or warranties which of these statements is true - ANSif materialto
the Risk, false representation will void the policy

Which of these action should be a producer take went to submitting and insurance application to
an insurer? - ANSInform insure relevant information not included on the application

An immediate annuity consist of a: - ANSSingle premium

A life insurance application must be signed by all of these except - ANSThe beneficiary (kid)

Additional coverage can be added to a whole life policy by adding a(n): - ANSDecreasing term
rider

Under what system do a group of doctors and hospitals in a designated area contact with an
insurer to provide any service to a prearrange cost to the insured - ANSPPO

W is a 39-year-old female who just purchased an annuity to provide income for life starting at
age 60. All of these would be acceptable annuity choices except - ANSImmediate annuity

Florida 14 day free look period for life insurance policy begins at the - ANSDate of delivery

What is considered to be a characteristic of a conditionally renewable health insurance policy? -
ANSPremiums may increase at time of renewal

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