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2024 FLORIDA LIFE HEALTH AND ANNUITIES 2- 15 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!! CA$27.23   Add to cart
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2024 FLORIDA LIFE HEALTH AND ANNUITIES 2- 15 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!!
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2024 FLORIDA LIFE HEALTH AND ANNUITIES 2- 15 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!!

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  • January 6, 2024
  • 32
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • 2024 florida life health
  • 2024 florida life health and annuities q
  • 2024 florida life health and annuities
  • florida life health annuities

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  • Florida life health annuity
  • Florida life health annuity

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2024 FLORIDA LIFE HEALTH AND ANNUITIES 2 -
15 450 QUESTIONS AND CORRECT DETAILED ANSWERS 2023 -2024 UPDATE ALREADY A GRADED|NEW!! Accidental death benefit rider - CORRECT ANSWER ✔✔Twice (or three times) the benefit will be paid if the insured dies in an accident Accidental dismemberment - CORRECT ANSWER ✔✔Loss of a body part -state test actual loss not just loss of use Accidental means provision - CORRECT ANSWER ✔✔Benefit only paid when the insured was not in control of the accident Accidental results provision - CORRECT ANSWER ✔✔Benefit paid when accident occurred because of any means; it just happened! Accident and health insurance - CORRECT ANSWER ✔✔Coverage for an insured disabled by accident or illness Accumulation unit - CORRECT ANSWER ✔✔Purchased by premiums paid into variable annuity during the annuitants working years Acute illness - CORRECT ANSWER ✔✔The one category of serious illness where the patient can fully recover Adhesion - CORRECT ANSWER ✔✔Where all specifications of forms, brochures, and contracts are pre -approved by the state Adjustable life insurance - CORRECT ANSWER ✔✔A combination term and whole life policy where it is easy to change various factors Administr ation services only (ASO) - CORRECT ANSWER ✔✔Insurance company insists only with the paperwork for self -insureds Admitted insurer - CORRECT ANSWER ✔✔Company approved, authorized, admitted, certified to do business in the state Adult daycare - CORRECT ANSWE R✔✔Where Alzheimers or similar patients can be monitored and receive care during the day Adverse selection - CORRECT ANSWER ✔✔poor choices made by an underwriter when selecting risks Advertising code - CORRECT ANSWER ✔✔What's ok and what's NOT okay in adve rtising... found inside the Unfair Trade Practices Act Agency - CORRECT ANSWER ✔✔An office established for the purpose of selling insurance within the state ZoomWords - CORRECT ANSWER ✔✔A list of the important terms to be understood in preparing for the insurance exam s Yearly Renewable Term Insurance (YRT) - CORRECT ANSWER ✔✔The same as annually renewable term (ARTs) Absolute assignment - CORRECT ANSWER ✔✔Ownership is assigned to another person permanently unless intentionally returned Accelerated benefits rider - COR RECT ANSWER ✔✔Providing death benefits ahead of time of death when insured is terminally ill Acceptance - CORRECT ANSWER ✔✔Offer has been made and accepted by the company, or by the client if counter -offer was made Accidental bodily injury provision - CORR ECT ANSWER ✔✔Benefits payable when injured by accidental means Accidental death and dismemberment - CORRECT ANSWER ✔✔A plan specifically for accidental death or loss of body parts Agent - CORRECT ANSWER ✔✔Any licensed person who solicits insurance on behalf of an insurance compa ny Agent's report - CORRECT ANSWER ✔✔Part 3 of the application where the agent enters his/her comments regarding the transaction Aleatory - CORRECT ANSWER ✔✔A chance/risk for both of the parties. It never works out to be equal Alien insurer - CORRECT ANSW ER✔✔Insurance company is located outside the USA Ambulatory surgery - CORRECT ANSWER ✔✔A neighborhood clinic commonly less expensive than the costs from a hospital American agency system - CORRECT ANSWER ✔✔the same as the independent agency system Annually renewable term (ART) - CORRECT ANSWER ✔✔A term policy where the premium gradually increases annually by age Annuitant - CORRECT ANSWER ✔✔The owner of an annuity Annuity - CORRECT ANSWER ✔✔A savings product created for the purpose of a lifetime inco me - liquidating a sum of money Annuity units - CORRECT ANSWER ✔✔The calculated value of the payout portion of the contract in a variable annuity Any occupation - CORRECT ANSWER ✔✔The category of work where the insured is able to perform some/any occupatio n Apparent authority - CORRECT ANSWER ✔✔Based on what the company has provided to their agents -they can use the material Application - CORRECT ANSWER ✔✔Used to ask questions to provide underwriters with a means of determining data and risks Appointment - CORRECT ANSWER ✔✔A licensed agent must also be appointed by their company in order to sell insurance Approval receipt - CORRECT ANSWER ✔✔A conditional receipt, which becomes effective only when approved by the insurer Assessment mutual insurer - CORRECT A NSWER✔✔An insurer, which assesses other policyholders when a claim occurs Assignment - CORRECT ANSWER ✔✔A policy can be assigned to a different owner without approval from beneficiaries or the insurer Attained age - CORRECT ANSWER ✔✔When converting from a term to whole life policy and using the current age reached Authority - CORRECT ANSWER ✔✔Agent receives expressed (written), implied (business), apparent (what the company has provided) Authorized company - CORRECT ANSWER ✔✔see admitted company Automatic premium loan provision - CORRECT ANSWER ✔✔Premium received from cash value of a policy when client can't be found Average indexed monthly earnings (AIME) - CORRECT ANSWER ✔✔Used in the calculation of the Social Security PIA Average monthly wage ( AMW) - CORRECT ANSWER ✔✔Used in calculating the AIME above enroute to obtaining the PIA Aviation exclusion - CORRECT ANSWER ✔✔Excluding the client from coverage while flying if the client is not a fare paying passenger (pilot) Backdating - CORRECT ANSWER ✔✔Using an earlier birth date as the policy effective date to save age - backwards up to 6months Basic medical expense policy - CORRECT ANSWER ✔✔Medical coverage known as first dollar - hospital, surgeon, non -surgeon, Beneficiary - CORRECT ANSWER ✔✔The perso n or persons receiving a benefit from the policy Benefit - CORRECT ANSWER ✔✔The amount determined ahead of time to compensate, or covering for a loss to the insured Benefit period - CORRECT ANSWER ✔✔The maximum amount of time that policy benefits will be p aid Best's dating - CORRECT ANSWER ✔✔One of the rating companies who rate the insurance industry regarding strength and stability Binding receipt - CORRECT ANSWER ✔✔Conditionally coverage valid until the company declines the insured, or until policy is iss ued Blackout period - CORRECT ANSWER ✔✔From the time the youngest child own the family turns 16 until the spouse turns 60 Blanket policy - CORRECT ANSWER ✔✔An umbrella type of policy covering a group in motion - transportation company/public event Broker - CORRECT ANSWER ✔✔An independent insurance agent who represents the client and arranges coverage with a company Burial plan - CORRECT ANSWER ✔✔The same as debit policies, industrial insurance, and home service insurance; see home service

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