100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
PA Life, Health and Accident Final Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass $13.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. PA Life Insurance
  4.  
  5. PA Life Insurance

Exam (elaborations)

PA Life, Health and Accident Final Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass
 1 purchase
  • Course
  • PA Life Insurance
  • Institution
  • PA Life Insurance

PA Life, Health and Accident Final Exam (2024 / 2025) Actual Questions with Verified Answers, 100% Guarantee Pass

Preview 4 out of 36  pages

Document information

  • August 21, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • pa life health and accident final exam 2024

Written for

  • PA Life Insurance
  • PA Life Insurance

Seller

avatar-seller
TIPSCORE

Reviews received

Content preview

Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2




PA Life, Health and Accident Final Exam Questions

And Answers


1. Which of these factors is NOT taken into consideration when determiningthe cost of a

long-term care policy?

Ans Personal Income



2. What is the nonforfeiture value of an annuity before annuitization?

Ans Allpremiums paid, plus interest, minus any withdrawals and surrender charges



3. In an employer sponsored contributory group disability income plan theemployer

pays 60% of the premium and each employee pays 40% of the premium. Any income

benefits paid are taxed to the employee at?

Ans 60%



4. Premium mode is a term used to describe the?






1 of 36 8/20/2024, 12:46

,Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2




Ans Frequency of the premiumpayment



5. A master contract and certificate of coverage can be found in which type ofpolicy?

Ans Group



6. With a scheduled dental policy, how are covered expenses paid?

Ans Benefitsare limited to a specific maximum dollar amount per procedure



7. All of the following are included as a part of a contract in the entire contractprovision

EXPECT the?

Ans Change made by the producer



8. A securities license is required for a life insurance producer to sell

Ans Variablelife insurance



9. Under a disability income policy, which provision would be payable if the cause of an

injury is unexpected and accidental?

Ans Accidental bodily injury pro-vision





2 of 36 8/20/2024, 12:46

,Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2




10. Under a life insurance policy, what does the insuring clause state?

Ans Theinsures obligation to pay a death benefit upon an approved death claim



11. What type of disability would be less than total impairment and equal topermanent

impairment?

Ans Permanent partial disability



12. Which of these statements regarding the annuitant is CORRECT?

Ans Theannuitants life expectancy determines the annuity payments



13. An insurer must furnish to a claimant forms for filing proof of loss within

days upon receiving a notice of claim.

Ans 15 days



14. A life insurance policy that is subject to a contract interest rate is referredto as

Ans Universal Life







3 of 36 8/20/2024, 12:46

,Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2




15. Which settlement option involves having the proceeds remain with the insurer and

earnings paid on a monthly basis to the beneficiary?

Ans Interest only



16. Within how many days must a producer report to the commissioner anycharges

made against them?

Ans 30 days



17. Which of the following would be considered a possible applicant andcontract

policyholder for group health benefits?

Ans Employer



18. How are annuities given favorable tax treatment?

Ans Gains are taxed at distri-bution









4 of 36 8/20/2024, 12:46

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TIPSCORE. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$13.49  1x  sold
  • (0)
Add to cart
Added