XCEL 2-15 FLORIDA LIFE & HEALTH STATE
EXAM WITH QUESTIONS AND DETAILED
ANSWERS GRADED A+|100%
VERIFIED|2024 UPDATE| LATEST
UPDATE!!!
T is an employee covered under a Group Life policy. If T's
employment is terminated, the conversion privilege gives T the
right to convert
to an individual policy upon employment termination
3 multiple choice options
C is the policyowner of a comprehensive individual major
medical policy. C pays an annual premium which is due
September 1. If C forgets to pay the premium and is
hospitalized September 10, how will the insurer handle this
claim?
pay the claim in full minus the premium date
3 multiple choice options
,a(n) _______ annuity pays benefits based on units rather than
stated dollar amounts
variable
3 multiple choice options
Three law partners form a Cross-Purchase Buy and Sell
agreement. This agreement is funded with individual life
insurance. How many total life policies are needed for this
agreement?
6
3 multiple choice options
what type of employee welfare plans are not subject to ERISA
regulations
church plans
3 multiple choice options
,traditional individual retirement annuity (ira) distributions must
start by
april 1st of the year following the year the participant attains
age 70 1/2
3 multiple choice options
which of these are not an example of a nonforfeiture option
life income
3 multiple choice options
eligibility for coverage under the forida healthy kids corporation
requires a family to be within ______ of the federal poverty
level
200%
3 multiple choice options
according to florida law, which of the following information
does not need to be obtained by an agent recommending an
annuity purchase
, marital status
3 multiple choice options
when is it acceptable to share commissions with another agent
as long as both agents are licensed for the same lines of
insurance
3 multiple choice options
what is the elimination period of an individual disability policy
time period a disabled person must wait before benefits are
paid
3 multiple choice options
which type of provider is known for stressing preventative
medical care and routine physical examinations
health maintenance organizations (hmos)
3 multiple choice options
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