100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
UTAH HEALTH AND LIFE INSURANCE EXAM TESTBANK COMPLETE ACTUAL EXAM REAL QUESTIONS AND CORRECT DETAILED ANSWERS (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION 2024 |ALREADY GRADED A+$20.49
Add to cart
UTAH HEALTH AND LIFE INSURANCE EXAM TESTBANK COMPLETE ACTUAL EXAM REAL QUESTIONS AND CORRECT DETAILED ANSWERS (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION 2024 |ALREADY GRADED A+
0 view 0 purchase
Course
UTAH HEALTH AND LIFE INSURANCE
Institution
UTAH HEALTH AND LIFE INSURANCE
UTAH HEALTH AND LIFE INSURANCE EXAM TESTBANK COMPLETE ACTUAL EXAM REAL QUESTIONS AND CORRECT DETAILED ANSWERS (CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION 2024 |ALREADY GRADED A+
UTAH HEALTH AND LIFE INSURANCE EXAM TESTBANK
2024-2025 COMPLETE ACTUAL EXAM REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (CORRECT VERIFIED
SOLUTIONS) A NEW UPDATED VERSION 2024 |ALREADY
GRADED A+
Which type of life insurance offers flexible premiums a flexible death
benefit and the choice of how the cash value will be invested - Answer-
Variable universal policy
In a long term policy, activities of daily living (ADL) can be each of the
following except - Answer-talking
How soon can the benefit payments begin with a deferred annuity? -
Answer-A minimums of 12 months after date of purchase
An annuitant is guaranteed to NOT outlive their benefits with a(n) -
Answer-Guaranteed life time with drawl benefits
What is the automatic continuance of insurance coverage referred to
as? - Answer-Renewal
A disability elimination period is best described as? - Answer-Time
deductible
,Distributions from a Health Savings Account (HSA) for qualified medical
expenses are - Answer-Tax Free
which type of life insurance is normally associated with a payor benfit
rider? - Answer-Juvenile Insurance
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a
terminated employee's benefits must - Answer-Be the same and the
premium cannot exceed 102%
Which type of life insurance policy pays the face amount at the end of
the specified period if the insured is still alive? - Answer-Endowment
Policy
The taxable portion of each annuity payment is calculated using which
method? - Answer-Exclusion Ratio
Which of these is not considered to be a purpose of an annuity -
Answer-Annuities are intended to create an estate
Which of the following is a requirement for any change in an insurance
application - Answer-Change must be initiated by applicant
,Which settlement option involves having the proceeds remain with the
insurer and earnings paid on a monthly basis to the beneficiary? -
Answer-Interest Only
Coordination of benefits regulation applies to all the following plans
except - Answer-Preferred provider organization plan
What makes an insurance policy a unilateral contract - Answer-Only the
insurer is legally bound
Which settlement option pays a stated amount to an annuitant, but no
residual value to a beneficiary? - Answer-Life Income
Health insurance involves two perils, accident and _______ - Answer-
sickness
Lisa has recently bought a fixed annuity. Which of these is considered
to be a disadvantage of owning this type of annuity? - Answer-During
periods of inflation annuitants will experience a decrease in purchasing
power of payments
At what point may a producer sell insurance for insurer - Answer-After
being properly appointed by insurer
, A partial surrender is allowed in which of the following life policies -
Answer-Universal life
An example of a producers fiduciary responsibility would be - Answer-
Collection premiums and paying them to insurance company
Of the following dividend options, which of these is taxable - Answer-
Accumulation of interest
How Often must the commissioner examine each domestic insurance
company - Answer-Every 5 years
Low frequency diseases can be exclusively covered by what kind of
health insurance policies? - Answer-Limited Policy
This MANDATORY health policy provision states that the policy,
including endorsements and attached papers, constitutes - Answer-The
entire insurance contract between parties
Which type of rider will waive the premium on a child's life insurance
policy if the parent paying the premium dies? - Answer-Payor of
benefits
What is an insurance policy grace period - Answer-period of time after
the premiums are due but the policy remains enforce
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Rnseller. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $20.49. You're not tied to anything after your purchase.
