Aflac Study Test Questions and Answers (100% Pass)
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Course
Aflac Insurance
Institution
Aflac Insurance
Aflac Study Test Questions and Answers (100% Pass)
which dividend option allows a policy owner to use his or her dividends to
buy life insurance on a single premium basis? - Answer️️ -paid up
additions option
The Alabama Life and Disability Insurance Guaranty has the power to -
Answer️�...
Aflac Study Test Questions and Answers (100% Pass)
which dividend option allows a policy owner to use his or her dividends to
buy life insurance on a single premium basis? - Answer✔️✔️-paid up
additions option
The Alabama Life and Disability Insurance Guaranty has the power to -
Answer✔️✔️-Loan Money to an insolvent insurance company, guarantee the
obligations of an insurance company, and provide money to satisfy the
obligations of an insurance company.
Paula has an insurance policy that has a guaranteed minimum cash value,
a guaranteed death benefit, fixed premiums, and grows at a rate reflected
by a selected fund index. Which type of life policy fits this description? -
Answer✔️✔️-Equity Indexed Life
Bob has an insurance policy that allows him to keep the policy in force
until the next premium is due plus 30 days thereafter. Bob's policy: -
Answer✔️✔️-Contains a grace period
Which of the following is an example of "non forfeiture value" -
Answer✔️✔️-after a policy owner cancels his/her permanent policy, the
cash value accumulation must be made available to the policyowners.
how frequently does a disability income policy typically pay benefits? -
Answer✔️✔️-Monthly
Health Maintenance Organization and Preferred Organizations are both
considered to be: - Answer✔️✔️-Managed health care systems
When can a lapsed life insurance policy usually be reinstated? -
Answer✔️✔️-3-5 years after the policy lapses
Alabama's Annuity disclosure regulation: - Answer✔️✔️-requires the
delivery of a buyer's guide and a disclosure document to an annuity
applicant
the option to convert term life insurance to a permanent form of coverage
can normally be executed: - Answer✔️✔️-without proof of insurability
An insured owns a policy which includes a disability income rider. the
disability benefit amount paid to the insured is based on the: - Answer✔️✔️-
face amount of the policy
an insurance producers must have which of the following in order to sell
variable life insurance policies? - Answer✔️✔️-registered with FINRA,
License for variable life and annuities contracts, a valid insurance license
Katherine is a retired and was recently hospitalized for 10 days. which type
of insurance policy would best cover her for excess hospital expenses? -
Answer✔️✔️-Medicare Supplement
Paul has major medical policy which begins with basic first dollar coverage
that pays up to its limits, then he must pay a certain amount of covered
expenses before the major medical portion steps in. The dollar amount Paul
must pay is called the: - Answer✔️✔️-Corridor Deductible
a disability policy that must be renewed, can not be cancelled until age 65,
and may not have an increase in premium for any reason is called: -
Answer✔️✔️-Noncancellable Policy
an insurance company licensed to solicit insurance in a specific state is
called: - Answer✔️✔️-an admitted company
Long Term Care policies normally provide benefits for - Answer✔️✔️-home
health care
Barbara has the right to change the beneficiary designation on her life
insurance policy. Barbara's beneficiary is a(n): - Answer✔️✔️-Revocable
Beneficiary
Medicare Advantage (part C) allows the utilization of benefits through
a(n): - Answer✔️✔️-HMO, PPO, or traditional insurer
Rodney applies for an insurance policy and pays the first premium. The
receipt given for the first premium is called a(n): - Answer✔️✔️-conditional
receipt
which statements concerning Alabama's life insurance solicitation
regulations is true? - Answer✔️✔️-A life Insurance illustration must contain
info regarding the non-guaranteed elements of a policy over time, a buyer's
guide explains the purpose and structure of various policies available, and
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