GA Life/Health Insurance Exams Bundle (Graded A +)

What is the maximum yearly contribution can an individual make into an IRA? An HR-10? - Answer- 2,000 or 100% of earned income, whichever is less; 100% of earned income up to $41,000 which is broader? acc bodily injury or accidental means? - Answer-accidental bodily injury Who manages a reciproca...

A variable insurance policy: - Answer-does not guarantee a return on its investment accounts Which of the following factors affects the amount of monthly disability benefits payable under Social Security? - Answer-The amount of the benefits available from other sources Which of the following stat...

Who elects the governing body of a mutual insurance company? - Answer-policyholders What year was the McCarran-Ferguson Act enacted? - Answer-1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - Answer-a fraternal b...

Under which of the following circumstances will the benefits under COBRA continuation coverage end? - Answer-all group health plans are terminated by the employer Dental care coverage is designated to cover the costs of all the following EXCEPT: - Answer-loss of income Which type of policy would...

Accident - Answer-An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Answer-A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Answer-Unplanned unforseen traumatic injury to the body...

Attained Age - Answer-insured's age at the time the policy is issued or renewed. Cash Value - Answer-A policy's savings element or living benefit. Face Amount - Answer-The amount of benefit stated in the life insurance policy. Fixed life insurance - Answer-contracts that offer guaranteed minimu...

An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? - Answer-Limited pay In addition to the Insurance Department, who has the authority to regulate variable life insurance? - Answer-Sec...