Exam (elaborations)
MISSISSIPPI LIFE, HEALTH, & ACCIDENT PRACTICE TEST QUESTIONS AND ANSWERS
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MISSISSIPPI LIFE, HEALTH, & ACCIDENT PRACTICE TEST QUESTIONS AND ANSWERS
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1-200 of 200All of the following statements about term insurance are correct EXCEPT
A. term coverage lasts only for the term of the policy
B. term insurance provides only a death benefit
C. premiums are higher than other types of life insurance policies
D. no death benefit is payable if the insured dies after the term expires
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, C. premiums are higher than other types of life insurance policies
At what age is an individual no longer subject to early withdrawal penalties under an
IRA?
A. 55
B. 55 1⁄2
C. 59
D. 59 1⁄2
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D. 59 1⁄2
Which standard nonforfeiture option would use a whole life policy's surrender value
to purchase a paid-up policy with a smaller face amount of insurance than the original
policy
A. Reduced term insurance
B. Reduced paid-up insurance
C. Extended term insurance
D. Extended paid-up insurance
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B. Reduced paid-up insurance
As a marketing tool, Ted, a health insurance agent, offered to send an applicant and
his wife on a weekend vacation to a local resort to induce the
,applicant to purchase a policy. Is this practice permitted and, if not, what is it called
A. No; bait and switch
B. No; twisting
C. Yes, it is perfectly acceptable
D. No; rebating
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D. No; rebating
If a person has health insurance coverage with a change of occupation provision and
the person is injured after changing to a more hazardous occupation
A. The policy becomes void
B. Additional premiums must be paid to receive benefits
C. Benefits payable will be reduced to the level that the premium would have
provided for the new occupation
D. Full benefits are payable
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C. Benefits payable will be reduced to the level that the premium would
have provided for the new occupation
Which term best defines insured is disabled if they are unable to perform the duties of
any occupation for which they are reasonably qualified by education, training, or
experience
A. Own Occupation
B. Any Occupation
C. Presumptive Disability
D. Non-Occupational
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B. Any Occupation
The purpose of COBRA requirements concerns
A. Continuation of health insurance
B. Coordination of health benefits
C. Medicare supplement coverage
D. Nondiscrimination in group health plans
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A. Continuation of health insurance
The Medical Information Bureau is a nonprofit organization supported by
A. The federal government
B. State government
C. Federal and State government
D. Insurance companies
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D. Insurance companies
Which of the following is allowed to cancel a non-cancelable renewability provision
under health insurance?
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