Tim was recently terminated from his employment and opted to change his existing group term life
insurance to individual permanent life insurance. What is this process called? - Coinversion
What are residual disability income indurance payments based on? - The amount of the insured's
income is r...
Aflac Final Exam
Tim was recently terminated from his employment and opted to change his existing group term life
insurance to individual permanent life insurance. What is this process called? - Coinversion
What are residual disability income indurance payments based on? - The amount of the insured's
income is reduced by the disability
Reasonably necessary acts that an agent must perform for carrying out his/ her expressly authorized
suitors are covered by an agent's: - Implied authority
Which of the following health care providers provides both the healthcare services and healthcare
coverage? - Health Maintenance Organization (HMO)
Which of the following does specified disease insurance NOT cover? - Costs covered by medical
expense insurance
Failure to report background changes within 30 days as required as required under section 1792.2 of the
California insurance code could subject a license or applicant to - All of these
Premiums are best described as - the amount an insured pays per unit of coverage
Who is issued a certificate of insurance with a group insurance policy? - participant
Health insurance policies typically contain a provision stating that insureds and their insurer will share
covered losses in an agreed proportion. Which provision does this refer to? - Coinsurance
At what age is a surviving spouse without dependents eligible for Social Security survivor benefits? -
60
, Which of the following is an insurer established by a parent company for the purpose of insuring the
parent company's loss exposures? - Captive insurer
How is the cost of employer-provided group life insurance with coverage amounts above $50,000
treated for tax purposes? - Taxable income to the employee
In a life insurance policy, the entire contract consists of? - policy and attached application
Which of these is NOT a relevant factor in the health insurance principle of morbidity? -
intelligence
Both the Federal and state governments jointly finance which health insurance entitlement program? -
Medi-Cal
Which of the following piece of information is NOT gathered during the personal financial planning
process? - An individual's civic organization membership
If an insured dies because of an accident, which type of life insurance rider will provide additional
coverage? - Accidental death rider
Which of the following is NOT a life insurance detriment option? - Extended term option
Which of the following is NOT covered by the Family and Medical Leave Act? - Traveling overseas
with a spouse
After the annual deductible is met, a Medicare Part B patient will pay ___ of the remaining covered
expenses. - 80%
What does the insurance term "indemnity" refer to? - Make whole
Which of the following is NOT included under long-term care insurance? - Hospital acute care
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