SC Accident. Health, and Life Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS
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SC Property Mangement
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SC Property Mangement
SC Accident. Health, and Life
Insurance Exam | Questions and
Correct Answers | Latest Update
2024/2025 | 100% PASS
Annuity Certain - Answer -Maria would like an annuity that provides a
guaranteed accumulation or payout. The type of annuity she is seeking
is called
Survivorship Life - Answer ...
SC Accident. Health, and Life
Insurance Exam | Questions and
Correct Answers | Latest Update
2024/2025 | 100% PASS
Annuity Certain - Answer -Maria would like an annuity that provides a
guaranteed accumulation or payout. The type of annuity she is seeking
is called
Survivorship Life - Answer -The type of policy which pays on the death
of the last person is called
Malign another insurer - Answer -Defamation occurs when a producer
makes a false statement intended to
A 70 year old NOT eligible for Social Security
*You are not eligible to receive Medicare Part A benefits at age 65 or
older if you are eligible to receive Social Security benefits - Answer -Part
A Hospital coverage provided under Medicare is automatically made
available to each of the following EXCEPT
At the time of application - Answer -According to life insurance contract
law, insurable interest exists
, the policy loan value which the insured may borrow against - Answer -A
whole life insurance policy accumulates cash value that becomes
upon changing his or her legal name
*the producer must notify the Department upon changing his or her
legal name. - Answer -A licensee MUST notify the Department of a legal
name change
Allows the secondary payor to reduce their benefit payments so no
more than 100% of the claim is paid.
*coordination of benefits allows the secondary payor to reduce their
benefit payments so that no more than 100% fo the claim is paid. -
Answer -Which of the following does Coordination of Benefits allow?
Determines what is paid by the primary and secondary insurers in the
event of a claim. - Answer -In group health care, what is the purpose of
the coordination of benefits provision?
Losing money at a casino
*Pure risk is a category of risk in which loss is the only possible
outcome, which is the opposite of speculative risk. Gambling is
considered a speculative risk where there is a chance of either gain or
loss. - Answer -All of the following are examples fo pure risk EXCEPT
Term Life Insurance - Answer -Which of the following policies does NOT
build cash value?
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