Life examfx guarantee - Study guides, Class notes & Summaries

Dividends received on participating life insurance policies are - correct answer ? Which statement below is INCORRECT regarding the type of term insurance that fits best with the applicant's needs? - correct answer Applicants who may require a larger death benefit in the future should buy convertible term insurance An insurance officer, a producer, and a hospital administrator are found to have conspired to defraud policyholders, in violation of the New Jersey Insurance Fraud Act. Wha...

A return of premium life policy is written as what type of term coverage? - Answer- Increasing What are the two types of Flexible Spending Accounts? - Answer- Health Care and Dependent Care Taxation of LTC insurance... - Answer- excessive benefits may be taxable Nonforfeiture values guarantee... - Answer- that the cash value will not be lost Which method of dealing with risk is applied when insurance is purchased? a. transfer b. sharing c. avoidance tion - Answer- a. transfer ...

Which statement below is INCORRECT regarding the type of term insurance that fits best with the applicant's needs? - Answer- Applicants who may require a larger death benefit in the future should buy convertible term insurance An insurance officer, a producer, and a hospital administrator are found to have conspired to defraud policyholders, in violation of the New Jersey Insurance Fraud Act. What is the penalty for the first offense? - Answer- No more than $5000 In which of the following...

family policy - ️️a life insurance policy that provides coverage to every family member in a single policy, with permanent insurance on the breadwinner and convertible term on other family members is called a whole life policy is surrendered for a reduced-paid up policy. the cash value in the new policy will - ️️continue to increase which of the following policies van be described as a flexible premium adjustable life policy? - ️️Universal Life which of the following would ...

Guarantee ExamFX, Idaho Personal Lines Simulation Exam final questions and answers verified 100% In the last 72 hours, there were 3 instances of volcanic eruptions that damaged a property covered by a dwelling policy. How many deductibles will the insured have to pay before the policy covers the damages caused by the eruptions? 1. Zero 2. One 3. Two 4. Three - one In a personal auto policy (PAP), a covered auto includes all of the following EXCEPT 1. A trailer owned by the insured. 2...

109 ExamFX Pennsylvania life and health ExamFX simulated exam. Graded A Document Content and Description Below 109 ExamFX Pennsylvania life and health ExamFX simulated exam Questions and 100% Correct Answers 1. An employee becomes insured under a PPO plan provided by his employer. If the insured decides to go to a physician who is not a PPO provider, which of the following will happen? ANS: The PPO will pay reduced benefits 2. Insurers may change which of the following on a guaranteed renewabl...

109 ExamFX Pennsylvania life and health ExamFX simulated exam Questions and 100% Correct Answers 1. An employee becomes insured under a PPO plan provided by his employer. If the insured decides to go to a physician who is not a PPO provider, which of the following will happen? ANS: The PPO will pay reduced benefits 2. Insurers may change which of the following on a guaranteed renewable health insurance policy? ANS: Rates by class 3. If a business wants to buy a disability income policy o...

ExamFX Guarantee Exam | 100% Correct Answers | Verified | Latest 2024 Version which of the following would NOT be considered limited coverage policy? a. accident-only insurance b. travel policy c. major medical expense insurance d. special risk policy - c. major medical exoense insurance limited policies cover only expense incurred from specific diseases, or specific causes which of the following is NOT mandatory under the uniform provision law as applied to accident and health policies...

109 ExamFX Pennsylvania life and health ExamFX simulated exam Questions and 100% Correct Answers 1. An employee becomes insured under a PPO plan provided by his employer. If the insured decides to go to a physician who is not a PPO provider, which of the following will happen? ANS: The PPO will pay reduced benefits 2. Insurers may change which of the following on a guaranteed renewable health insurance policy? ANS: Rates by class 3. If a business wants to buy a disability income poli...