Life, Accident, & Health State Exam Simulator Tests Bundle Set

An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity ...

J's Major Medical policy has a $2000 deductible and an 80/20 coinsurance clause. If J is hospitalized and receives a bill for $10,000, j would pay Ans -3,600 (2k + 20% of thr remaining bill) Life insurance that covers an insured's whole life with level premiums paid over a limited time is c...

Which of the following can be defined as "the potential for loss"? Ans-Risk Which of the following describes the act of insuring a risk against possible loss? Ans-Risk Transfer A description of a qualified plan's insurance contract may be found in which ERISA reporting form? Ans-Annua...

exam simulator texas life and health questions with verified answers.

A 42-year-old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs change. Which of the following policies will best meet this need? Ans Universal Life A 66 year-old is covered under a group health plan while employed with a business t...

A 42-year-old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs change. Which of the following policies will best meet this need? Endowment at Age 75 Universal Life Graded Benefit Whole Life Modified Whole Life Ans Universal Life...

$0, income from individual polocy is not subject to federal income tax Ans P is self employed, didability income policy of $20,00. How much is subject to federal income tax? $10,000 Ans Under the USA Patriot act, insurers are required to report receipt of cash payments in excess $25,000 indivi...

Texas Life and Health State Exam Simulator questions with verified answers

A business overhead expens policy would cover which of the following if a business owner becomes disabled? Ans Utilities and office rent A disability income policy owner suffers a disability which was due to the same cause as the previous disability. Both disabilities occured with the five months...

Life and Health State Exam Simulator questions with verified answers.

LIFE INSURANCE EXAM SIMULATOR questions with verified answers.

Texas Life and Health State Exam Simulator Part Two questions with verified answers

____ of continuing education MUST be completed in the classroom or classroom equivalent. Ans 50% A certificate of ________ permits an insurance company to transact business in Texas. Ans authority A characteristic of Preferred Provider Organizations (PPOs) would be: Ans Discounted fees for the...

a 20000 life insurance policy application is completed, however the producer does not collect the initial premium. at what point does the coverage go into effect Ans when the applicant receives the policy and pays the initial premium a business disability buyout plan policy is designed Ans to pay...