LIFE AND HEALTH STATE EXAM 2024/2024
Why Choose Yanchy?
Expert Test Prep: Get access to comprehensive study guides, practice exams, and tips from top educators to boost your test scores.
Assignment Assistance: Struggling with assignments? Our experts are here to help you understand and co...
Who normally pays for the premiums for group credit life insurance? -
Precise Answer ✔✔The borrower
What is NOT considered to be an element of insurable risk? - Precise
Answer ✔✔Speculative
What is NOT true about insurance? - Precise Answer ✔✔As the number
of insured units increases, the number of losses decreases
When funds are being transferred from one IRA to another IRA, what %
of of the tax is withheld? - Precise Answer ✔✔NONE
Tim is retired and has recently separated from his wife. He receives from
a qualified retirement plan through his former employer. The plan's
trustee has decided to split these benefits payment between Tim and his
estranged wife. This decision is likely in violation of which IRS rule? -
Precise Answer ✔✔Alienation of benefits
A life insurance policy's waiver of premium rider has the ability to -
Precise Answer ✔✔Relive the insured of premium payments following
an initial waiting after the insured becomes totally disabled
,Typically, working individuals age 65 must be - Precise Answer
✔✔offered the same Health benefits as the young employees
In Nebraska, qualified long-term care plans require each of the following
EXCEPT - Precise Answer ✔✔At least 3 days prior of hospitalization
What typically changes at the re-entry option date found in some term
life policies - Precise Answer ✔✔Premium
COBRA extends coverage for surviving spouses but at a rate not more
than what % of the group premium - Precise Answer ✔✔102%
Which of the following does by Medicare Advantage enrollee typically
pay for? - Precise Answer ✔✔Small co-pay per visit or per service
What action can an insurer take to discourage malingering and false
disability claims? - Precise Answer ✔✔Limit the amount of benefits an
insured can receive form two disability policies with the same insurer
Mike applied for life insurance and was issued a conditional receipt. He
is later found to be insurable and is issued a policy. When does his
coverage become effective? - Precise Answer ✔✔Date of issuance of
the conditional receipt
, An insured must be notified in writing within how many days of any
change in ownership for a viatical settlement - Precise Answer ✔✔20
days
Individuals covered with employer-paid group health plans will
normally receive tax-free benefits under all of these plans EXCEPT -
Precise Answer ✔✔Disability income
Which factor determines the maximum disability income benefit that can
be purchased by an applicant - Precise Answer ✔✔The applicant's
income
What would be a valid reason for naming a trust as a beneficiary of a life
insurance policy as opposed to naming an individual? - Precise Answer
✔✔Management of proceeds would be provided
Who is protected with the "other insurance with this insurer" provision?
- Precise Answer ✔✔Insurance company
What can be expected when a preferred provider organization (PPO)
patients decide to use a non PPO? - Precise Answer ✔✔Higher out-of-
pocket expenses
What charges a fee for contracted insurance advisory services? - Precise
Answer ✔✔Consultant
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 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 YANCHY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £13.18. You're not tied to anything after your purchase.
