PRE-FINAL EXAM - NEW YORK LIFE, ACCIDENT AND HEALTH EXAM QUESTIONS AND ANSWERS 100% CORRECT!
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Course
PRE-FIn
Institution
PRE-FIn
The premiums paid by an employer for his employee's group life insurance are usually considered to be - ANSWER tax-deductible to the employer
A family group accident and health insurance policy must continue coverage for each unmarried child at least until age - ANSWER 19
A life insurance ben...
, PRE-FINAL EXAM - NEW YORK LIFE,
ACCIDENT AND HEALTH EXAM
QUESTIONS AND ANSWERS 100%
CORRECT!
What happens when an initial offer is answered with a counteroffer? - ANSWER Initial
offer is void
According to the Affordable Care Act (ACA), dependent children may remain on their
parent's plan until what age? - ANSWER Age 26
The premiums paid by an employer for his employee's group life insurance are usually
considered to be - ANSWER tax-deductible to the employer
A family group accident and health insurance policy must continue coverage for each
unmarried child at least until age - ANSWER 19
A life insurance beneficiary died after receiving only six payments under the policy's life
income settlement option. What happens with the remaining balance of the death
proceeds? - ANSWER Kept by the insurance company
When an individual is planning to protect his family with life insurance, one method of
doing so is called needs analysis. What exactly does needs analysis involve? -
ANSWER Identifies the needs of an individual and the individual's dependents
A retired couple would like to maximize the income derived from their combined life
savings and have it payable until they both die. Which annuity would be their best
choice? - ANSWER Joint and survivor annuity
Major medical plans typically exclude coverage for which of the following benefits? -
ANSWER Custodial care
Which of the following BEST describes a "partial disability"? - ANSWER Unable to
perform one or more job duties
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