Northwestern Mutual Life Insurance Exam (Questions + Answers) Solved
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Northwestern Mutual Life Insurance
Institution
Northwestern Mutual Life Insurance
A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the
customer purchases a life insurance policy from the bank in the amount of the loan. This is an example
of
a) Loading.
b) Defamation.
c) Twisting.
d) Coercion. - D
A brain surgeon has an ac...
Northwestern Mutual Life Insurance
Exam
A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the
customer purchases a life insurance policy from the bank in the amount of the loan. This is an example
of
a) Loading.
b) Defamation.
c) Twisting.
d) Coercion. - D
A brain surgeon has an accident and develops tremors in her right arm. Which disability income policy
definition of total disability will cover her for all losses?
a) "Any occupation" - less restrictive than other definitions
b) "Any occupation" - more restrictive than other definitions
c) "Own occupation" - less restrictive than other definitions
d) "Own occupation" - more restrictive than other definitions - C
A guaranteed renewable disability insurance policy
a) Is renewable at the insured's option to a specified age.
b) Is renewable at the option of the insurer to a specified age of the insured.
c) Is guaranteed to have a level premium for the life of the policy.
d) Cannot be cancelled by the insured before age 65. - A
A guaranteed renewable disability insurance policy
a) Is renewable at the insured's option to a specified age.
b) Is renewable at the option of the insurer to a specified age of the insured.
c) Is guaranteed to have a level premium for the life of the policy.
,d) Cannot be cancelled by the insured before age 65. - A
A guaranteed renewable disability insurance policy
a) Is renewable at the option of the insurer to a specified age of the insured.
b) Is guaranteed to have a level premium for the life of the policy.
c) Cannot be cancelled by the insured before age 65.
d) Is renewable at the insured's option to a specified age. - D
A guaranteed renewable disability insurance policy
a) Is renewable at the option of the insurer to a specified age of the insured.
b) Is guaranteed to have a level premium for the life of the policy.
c) Cannot be cancelled by the insured before age 65.
d) Is renewable at the insured's option to a specified age. - D
A guaranteed renewable health insurance policy allows the
a) Policy to be renewed at time of expiration, but the policy can be canceled for cause during the policy
term.
b) Insurer to renew the policy to a specified age.
c) Policyholder to renew the policy to a stated age, with the company having the right to increase
premiums on the entire class.
d) Policyholder to renew the policy to a stated age and guarantees the premium for the same period. -
C
A guaranteed renewable health insurance policy allows the
a) Policyholder to renew the policy to a stated age, with the company having the right to increase
premiums on the entire class.
b) Policyholder to renew the policy to a stated age and guarantees the premium for the same period.
c) Policy to be renewed at time of expiration, but the policy can be canceled for cause during the policy
term.
,d) Insurer to renew the policy to a specified age. - A
A Health insurance policy lapses but is reinstated within an acceptable timeframe. How soon from the
reinstatement date will coverage for accidents become effective?
a) Immediately
b) After 14 days
c) After 21 days
d) After 31 days - A
A health insurance policy that pays a lump sum if the insured suffers a heart attack or stroke is known as
a) Critical illness.
b) Major medical.
c) AD&D.
d) Medical expense. - A
A hospital indemnity policy will pay
a) Income lost while the insured is in the hospital.
b) All expenses incurred by the stay in the hospital.
c) Any expenses incurred by the stay in the hospital, minus coinsurance payments and deductibles.
d) A benefit for each day the insured is in a hospital. - D
A husband and wife are insured under group health insurance plans at their own places of employment,
and as dependents under their spouse's coverage. If one of them incurs hospital expenses, how will
those expenses likely be paid?
a) The insured will have to select a plan from which to collect benefits.
b) The benefits will be coordinated.
c) Neither plan would pay.
d) Each plan will pay in equal shares. - B
, A large employer decides to self-insure their employee health care program. To protect against the
financial risk of self-insuring, the company should
a) Obtain a health coverage loan.
b) Reduce benefits.
c) Purchase stop loss insurance.
d) Purchase excess liability insurance. - C
A large employer decides to self-insure their employee health care program. To protect against the
financial risk of self-insuring, the company should
a) Reduce benefits.
b) Purchase stop loss insurance.
c) Purchase excess liability insurance.
d) Obtain a health coverage loan. - B
A long-term care insurance shopper's guide must be provided in the format developed by which of the
following?
a) Office of Insurance Regulation
b) Director
c) Medical Information Bureau
d) NAIC - D
A long-term care shopper's guide must be presented at what point?
a) Prior to the time of application
b) At the time of application
c) Between the completion of the application and the delivery of the policy
d) At the time of policy delivery - A
A long-term care shopper's guide must be presented at what point?
a) Prior to the time of application
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