Sc life health insurance - Study guides, Class notes & Summaries

SC Accident. Health, and Life Insurance Exam questions with 100% correct answers 2024.

Life, Accident, and Health Insurance Exam (SC) Questions and Answers

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 eli...

Sc life & health final Questions 100% Jonas has disability insurance through his employer . The employer pays 75 % of the premium , and Jonas pays the other 25 % . What is Jonas's tax liability for any benefits paid from the disability plan ? O Taxes must be paid on all benefits received O No taxes are payable on any benefits received O Taxes must be paid on 25 % of the benefits received O Taxes must be paid on 75 % of the benefits received - ANSWERTaxes must be paid on 75% of the bene...

SC Accident. Health, and Life Insurance Exam

SC Life Insurance Exam Questions and Answers 100% Pass If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? The balance of the loan will be taken out of the death benefit An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Inspection Report The clause that protects the proceeds of a life insurance policy from creditors after the death of the ...

SC Accident. Health, and Life Insurance Exam Questions And Answers Annuity Certain - ANS Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - ANS The type of policy which pays on the death of the last person is called Malign another insurer - ANS Defamation occurs when a producer makes a false statement intended to A 70 year old NOT eligible for Social Security *You are not eligib...

SC Life & Health Insurance Questions With Solutions 100% Correct An insured is involved in a car accident. In addition to general, less serious injuries, he permanently loses the use of his leg and is rendered completely blind. The blindness improves a month later. To what extent will he receive Presumptive Disability benefits? a) Full benefits until the blindness lifts b) No benefits c) Full benefits d)Partial benefits B) no benefits- only loss the use in one leg and because the blin...

SC life insurance exam study set Exam Questions And Answers All Correct And Verified An insurer will accept a premium from the insured and continue their coverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - ANS Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard Substandard Acceptabl...