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Mike Russ Life accident and Health CA PSI
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Mike Russ Life accident and Health CA PSI
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Mike Russ Life accident and Health CA PSIThe Social Security age of retirement is dependent upon: - CORRECT
ANSWER-The individual's date of birth.
Whole Life insurance is permanent insurance provides a _________ death
benefit combining __________ insurance protection and __________ cash
value. - CORRECT ANSWER-Level, Decreasing, Increasing
An agent held one appointment with an insurance company. The appointment
was terminated. What is correct? - CORRECT ANSWER-The license is inactive
What is the term used to apply to a break (rest) given to people caring full-time
for an individual in their home? - CORRECT ANSWER-Respite.
According to the code, all insurers must maintain a department to investigate: -
CORRECT ANSWER-Possible fraudulent claims from insureds.
How much could the HICAP assistance charge? - CORRECT ANSWER-Free of
Charge
Triggers to receive long term care (LTC) benefits include the following except: -
CORRECT ANSWER-Deafness.
Which statement is true regarding Medicare supplement insurance plans? -
CORRECT ANSWER-Insurers may offer policies that contain only the core
benefits.
In life insurance insurable interest must exist: - CORRECT ANSWER-When the
insurance takes effect, but not at the time of death
When determining the amount of premium that must be charged for a life
insurance policy, which will not be taken into consideration? - CORRECT
ANSWER-The number of policyholders expected
, What happens to the license after the death of the natural person who held it? -
CORRECT ANSWER-It always terminates
When a claimant is covered by more than one health plan, the situation is
resolved through: - CORRECT ANSWER-Coordination of benefits.
The beneficiary class designation that means beneficiaries who are surviving will
receive equal amounts of the death benefit is: - CORRECT ANSWER-per capita
A beneficiary that only receives proceeds if there are no living beneficiaries is
called? - CORRECT ANSWER-contingent beneficiary
Which of the following is true regarding STOCK companies? - CORRECT
ANSWER-Stock companies are corporations owned by individuals who
contribute capital to the company through the purchase of shares of stock.
The policy provision which prevents an insurer from voiding a policy for
misstatements after two years is: - CORRECT ANSWER-Incontestability
Which of the following has a vested interest in the proceeds of an insurance
policy? - CORRECT ANSWER-The irrevocable beneficiary
A person who acts in a capacity that requires an active license without having a
valid license is guilty of a: - CORRECT ANSWER-Misdemeanor
Which of the following would have the lowest premium? - CORRECT
ANSWER-Preferred Risk
The Social Security definition of disability is the inability to engage in which of the
- CORRECT ANSWER-Any substantial Gain
Choose the best description of "Universal Life": - CORRECT ANSWER-A policy
which includes flexible premiums, cash value paying a current rate of return and
insurance protection
Which rider gives the insured the option of obtaining additional insurance on their
own life at certain selected dates in the future, at certain policy intervals or at
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