Exam (elaborations)
Nebraska Life and Health Insurance Exam Pt. Exam Questions and Answers (Latest Update 2024)
- Course
- Institution
Nebraska Life and Health Insurance Exam Pt. Exam Questions and Answers (Latest Update 2024)
[Show more]
Content preview
Nebraska Life and Health InsuranceExam Pt. Exam Questions and Answers
(Latest Update 2024)
Which of the following statements BEST describes the HIPAA
probability rules for an individual who changes from one
group medical plan to another? - Correct Answer
✅Reduces or eliminates any pre-existing conditions excluded
under the new plan
Under which circumstance can an insurance company offer
Health insurance? - Correct Answer ✅The sponsoring group
provides an employer-employee relationship
During an annuities liquidation phase, the annuity normally -
Correct Answer ✅Receive the benefit payments at regular
intervals
In a disability income contract, an insured is considered to be
totally disabled under the presumptive disability provision if
he/she - Correct Answer ✅loses the ability to speak
The reason for backdating a policy is - Correct Answer ✅to
obtain a premium rate based on an earlier age
, Nebraska Life and Health Insurance
Exam Pt. Exam Questions and Answers
(Latest Update 2024)
The beneficiary of a life insurance policy is normally selected
by whom? - Correct Answer ✅Policyowner
Which of the following is NOT included as a hospice benefit
under a major medical plan? - Correct Answer
✅rehabilitation
Sylvia purchased an annuity for $100,000 from the proceeds
of an inheritance. No further payments are permitted and the
income stream begins in 15 years. This contract is a(n) -
Correct Answer ✅Single premium deferred annuity
Which of the following statements is TRUE if the owner of an
IRA names their spouse as a beneficiary, but then dies before
any distributions are made? - Correct Answer ✅The
account can be rolled into the surviving spouse's IRA
During the liquidation phase of an annuity contract, to whom
are the income benefits, normally payable to? - Correct
Answer ✅Annuitant
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now