NYS Life, Accident, And Health Insurance Exam Questions And Answers With Complete Solution

NYS Life, Accident, And Health Insurance Exam Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? - 30-year decreasing term. How many days notice does the ACA require insurers to give before rescinding coverage? - 30 A signed good health statement may be requested by a life producer at the time of - Policy Delivery Carol purchases a whole life policy that provides a choice of dividend options. This policy is required to include a statement that the dividends are - Not Guaranteeed Tim is confined to a nursing home but doesn't have a terminal illness. Which life insurance rider is designed to help pay for this type of expense? - Long-term care benefit rider An insured is covered under a group long-term disability policy. Under this type of policy, the definition of disability based on any occupation typically applies - After two years of disability Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No further payments are permitted and the income stream begins in 15 years. This contract is a(n) - Single premium deferred annuity Which of these is NOT a factor that influences group health insurance underwriting? - Physical exams of group members What is the grace period required for an individual accident and health insurance policy with monthly premiums? - 10 days In regards to technology and the ACA, which of the following statements is correct? - States which operate with an Exchange must offer an internet-based portal Insurable interest involves what assumption? - One person benefits from another person's continued life Which of these policies is considered a whole life policy? - Single premium life Which of the following would be considered an unfair claims settlement practice? - Misrepresenting pertinent policy provisions relating to coverage after a loss