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Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
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Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date
B. As of the policy delivery date
C. As of the first of the month after the policy issue date
D. As of the policy issue date - Correct Answer ✅A. As of the application date
All of the following are true about group disability income insurance EXCEPT:
A. The waiting period starts at the onset of the injury or sickness.
B. The longer the waiting period, the lower the premium.
C. Coverage applies both on and off the job.
D. Benefits are usually short term. - Correct Answer ✅C. Coverage applies both on and off the job.
Under the age discrimination in employment act, if the obligation of the employer to provide retiree health benefits, what will an individual younger than 65 receive in benefits each year? A. one-fourth of the benefits required under the social security act. B. at least 10,000. C. At least the value of the Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
Social Security Benefits. D. The minimum established by the employer - Correct Answer ✅C. At least the value of the Social Security benefits
Disability income policies can provide coverage for a loss of income when returning to work only part-time after recovering from total disability. What is the benefit that is based on the insured's loss of earnings after recovery from a disability? A. recurrent disability B. partial disability C. income replacement D. Residual disability - Correct Answer ✅D. Residual disability
A producer is acting in what capacity when he or she is trying to obtain credible information about an applicant for health insurance? A. office underwriter B. General agent C. Consumer report investigator D. Field underwriter - Correct Answer ✅D. Field underwriter
Which of the following riders would NOT increase the premium for a policyowner? A. impairment rider B. payor benefit rider C. Waiver of premium rider D. Multiple indemnity rider - Correct Answer ✅A. impairment rider
An insured wants to name her husband as the beneficiary of her health policy. She also wishes to retain all of the rights of ownership. The insured Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)
should have her husband named as what type of beneficiary? A. Contingent B. Irrevocable C. Revocable D. Primary - Correct Answer ✅C. Revocable
Guarantee of insurability option in long-term care policies allows the insured
to: A. Secure the policy's nonforfeiture values regardless of the insured's age or health status. A. Secure the policy's value regardless of the insured's age or health status. B. Increase benefit levels without providing proof of insurability. C. Add dependents to the plan without providing proof of their insurability. D. Replace the existing LTC policy based on the original underwriting. - Correct Answer ✅B. Increase benefit levels without providing proof of insurability.
What is the maximum age for qualifying for a catastrophic plan? A. 26 B. 30 C. 45 D. 62 - Correct Answer ✅B. 30
Which type of dental care would cover operative treatment of the mouth? A.
Endodontics B. Orthodontics C. Oral surgery D. Restoratvie - Correct Answer ✅C. Oral surgery
Under a key person disability income policy, premium payments... A. Are made by the business and are tax-deductible B. Are made by the business
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