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Indiana Life and Health Insurance State Exam Simulator with 100% Verified Questions and Answers.
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Indiana Life and Health Insurance State Exam Simulator with 100% Verified Questions and Answers.
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Indiana Life and Health Insurance State Exam Simulator with100% Verified Questions and Answers
An .architecture .firm .would .stand .to .lose .a .lot .of .money .in .the .event .of .the .death .of .its .project .ma
nager. .Which .type .of .policy .should .the .firm .purchase .on .its .project .manager? .- .(correct .answer) .-
Universal .life .insurance
Key .Person .insurance
Graded .insurance
Executive .insurance
Correct. .Key .person .insurance .is .a .type .of .life .insurance .policy .that .provides .a .death .benefit .to .a .bu
siness .if .its .owner .or .another .significant .employee .passes .away.
If .a .retiree .on .Medicare .required .five .hospital .stays .in .one .year, .which .policy .would .provide .the .bes
t .insurance .for .excess .hospital .expenses? .- .(correct .answer) .-Long-term .care
Indemnity
Medicare .Supplement
Medicaid
Correct. .In .this .situation, .a .Medicare .Supplement .policy .would .provide .the .subscriber .the .best .cover
age .for .excess .charges.
Which .of .the .following .permits .an .insurance .company .to .transact .business .in .Indiana?3 .- .
(correct .answer) .-Certificate .of .admission
Certificate .of .domestication
Certificate .of .authenticity
Certificate .of .authority
, Correct. .A .certificate .of .authority .permits .an .insurance .company .to .transact .business .in .Indiana.
A .policyowner .is .able .to .choose .the .frequency .of .premium .payments .through .what .policy .feature?
Consideration
Payor .benefit
Premium .Mode
Assignment .provision
53 .of .200 .Questions .Remaining
Proceed
Correct. .Premium .Mode .is .the .feature .that .allows .the .policyowner .to .select .the .timing .of .premium .
payment, .such .as .monthly, .quarterly, .annually .etc. .- .(correct .answer) .-
Z .owns .a .Disability .Income .policy .with .a .30-
day .Elimination .period. .Z .contracts .pneumonia .that .leaves .him .unable .to .work .from .January .1 .until .
January .15. .Z .then .becomes .disabled .from .an .accident .on .February .1 .and .the .disability .lasts .until .Ju
ly .1 .the .same .year. .Z .will .become .eligible .to .receive .benefits .starting .on: .- .(correct .answer) .-January
.1
January .15
February .1
March .1
53 .of .200 .Questions .Remaining
Proceed
Correct. .The .elimination .period .is .the .period .of .time .between .the .onset .of .a .disability, .and .the .time
.you .are .eligible .for .benefits. .It .is .best .thought .of .as .a .deductible .period .for .your .policy. .After .a .30-
day .Elimination .period, .Z .will .become .eligible .for .receiving .benefits .on .March .1.
Which .of .the .following .are .Equity .Indexed .annuities .typically .invested .in? .- .(correct .answer) .-
Corporate .Bonds
Money .Market .accounts
Municipal .Bonds
S&P .500
53 .of .200 .Questions .Remaining
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