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Aflac Questions and Answers well Explained Latest 2024/2025 Update 100% Correct.
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An insured covered by Accidental Death and Dismemberment (AD&D) insurance has just died. What will happen if the primary beneficiary had already died before the insured and contingent beneficiary? - Proceeds will go to the contingent beneficiary The federal income tax treatment of employer-provi...

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  • August 14, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
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Aflac

An insured covered by Accidental Death and Dismemberment (AD&D) insurance has just died. What will
happen if the primary beneficiary had already died before the insured and contingent beneficiary? -
Proceeds will go to the contingent beneficiary



The federal income tax treatment of employer-provided group Medical Expense insurance can be
accurately described as: - Employee's premiums paid by the employer is tax-deductible to the
employer as a business expenditure



P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and
Dismemberment (AD&D) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in
a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to: - P
only



How would a contingent beneficiary receive the policy proceeds in an Accidental Death and
Dismemberment (AD&D) policy? - If the primary beneficiary dies before the insured



S is employed by a large corporation that provides group health coverage for its employees and their
dependents. If S dies, the company must allow his surviving spouse and dependents to continue their
group health coverage for a maximum of how many months under COBRA regulations? - 36



The difference between group insurance and blanket health policies is: - Blanket health policies do
not issue certificates



P is a new employee and will be obtaining non-contributory group Major Medical insurance from her
employer. Which of the following actions must she take during the open enrollment period? - Sign
an enrollment card



G is an accountant who has ten employees and is concerned about how the business would survive
financially if G became disabled. The type of policy which BEST addresses this concern is: -
Business Overhead Expense.

,Which of the following statements BEST describes how a policy that uses the "accidental bodily injury"
definition of an accident differs from one that uses the "accidental means" definition? - Less
restrictive



How does group insurance differ from individual insurance? - Premiums are lower



If the insured and primary beneficiary are both killed in the same accident and it cannot be determined
who died first, where are the death proceeds to be directed under the Uniform Simultaneous Death Act?
- Insured's contingent beneficiary



B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for common
carrier death. If B is killed from an accident on a commercial flight, what will the policy pay B's
beneficiary? - $300,000



Which statement is true regarding a minor beneficiary? - Normally, a guardian is required to be
appointed in the Beneficiary clause of the contract



Under which of the following circumstances will the benefits under COBRA continuation coverage end? -
All group health plans are terminated by the employer



A Business Overhead Expense policy: - covers business expenses such as rent and utilities

What is the maximum Social Security Disability benefit amount an insured can receive? - 100% of
the insured's Primary Insurance Amount (PIA)



Under what system do a group of doctors and hospitals in a designated area contract with an insurer to
provide services at a prearranged cost to the insured? - PPO



Which of these statements is INCORRECT regarding a Preferred Provider Organization (PPO)? -
PPO's are NOT a type of managed care systems

, A medical care provider which typically delivers health services at its own local medical facility is known
as a: - Health Maintenance Organization



Which of the following statements is true about most Blue Cross/Blue Shield organizations? - They
are nonprofit organizations



The percentage of an individual's Primary Insurance Amount (PIA) determines the benefits paid in which
of the following programs? - Social Security Disability Income



Which of these is considered a true statement regarding Medicaid? - Funded by both state and
federal governments



The health insurance program which is administered by each state and funded by both the federal and
state governments is called: - Medicaid



Medicare is intended for all of the following groups, EXCEPT: - Those enrolled as a full-time
student



What is Medicare? - is a hospital and medical expense insurance program



S wants to open a tax-exempt Health Savings Account. To qualify for this type of account, Federal law
dictates that S must be enrolled in a: - High-deductible health plan



A comprehensive major medical health insurance policy contains an Eligible Expenses provision which
identifies the types of health care services that are covered. All of the following health care services are
typically covered, EXCEPT for: - experimental and investigative services



A prospective insured completes and signs an application for health insurance but intentionally conceals
information about a pre-existing heart condition. The company issues the policy. Two months later, the
insured suffers a heart attack and submits a claim. While processing the claim, the company discovers
the pre-existing condition. In this situation, the company will: - continue coverage but exclude the
heart condition

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