NY Life, Accident and Health Insurance latest Exam || Updated || Guaranteed A+
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NY Life, Accident and Health Insurance
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NY Life, Accident And Health Insurance
NY Life, Accident and Health Insurance latest Exam || Updated || Guaranteed A+
NY Life, Accident and Health Insurance latest Exam
Updated .Guaranteed A+ Pass.
Page 1 of 7
1. For an individual long-term care policy there is an annual dollar limit for tax deductions
that is based on which of t...
NY Life, Accident and Health Insurance latest Exam
Updated 2023-2024.Guaranteed A+ Pass.
1. For an individual long-term care policy there is an annual dollar limit for tax deductions
that is based on which of the following? - answers>Age
2. All of the following are tax qualified retirement plans EXCEPT - answers>Section 529 Plan
3. The group conversion option is allowed for all of the following EXCEPT - answers>During
the annual benefits enrollment period
4. Short term disability insurance generally only covers injuries due to which of the
following? - answers>Non-occupational injuries
5. Under which situation must insurable interest exist between the applicant and insured
at the time of application? - answers>When a third-party applicant names themselves
beneficiary.
6. Why is rehabilitation considered worthy of federal help under workers' compensation? -
answers>it reduces insurance losses and helps regain the worker's dignity
7. Managed care plans increase efficiency by all of the following means EXCEPT -
answers>transferring the management of costs to the insureds.
8. All of the following are requirements to qualify for Social Security disability benefits
EXCEPT when - answers>unable to work in occupation in which the worker was trained
or educated.
9. How long after being entitled to disability benefits will an individual be eligible to receive
Medicare benefits? - answers>2 years
Page 1 of 7
, NY Life, Accident and Health Insurance latest Exam
Updated 2023-2024.Guaranteed A+ Pass.
10. Which of the following amends the Social Security Act to make Medicare secondary to
group health plans? - answers>TEFRA
11. Which of the following is TRUE for a flexible premium annuity? - answers>The purchaser
has the option to vary the amount of each premium payment falling between a
minimum and maximum amount.
12. In which of the following does a covered employee agree to a reduction in compensation
so the amount can be used to cover medical expenses? - answers>Flexible Spending
Account (FSA)
13. Which of the following is TRUE of an equity-indexed annuity? - answers>It has a
guaranteed minimum interest rate.
14. Which of the following is true about a decreasing term life policy? - answers>The face
amount reaches zero at policy expiration
15. Which is the primary purpose of Health Reimbursement Accounts (HRAs)? - answers>To
assist covered employees with the payment of medical expenses on a high deductible
plan funded through pre-tax contributions.
16. A group conversion option may be used in all the following instances EXCEPT -
answers>a life-changing event, such as marriage, divorce, or childbirth.
17. Which type of life policy can be continued year after year without a required medical
examination but rates are dependent on the insured's current age? -
answers>renewable term
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