Kentucky health insurance - Study guides, Class notes & Summaries

KENTUCKY HEALTH INSURANCE LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS Sean has renewed his health insurance policy with Ability Insurance every year for the past 3 years. At this renewal, Sean received an extra payment from his insurer as a reward for renewing his policy and to encourage him to renew his policy again next year. What is this extra amount called? 1. An endorsement 2. An accumulation 3. A supplemental benefit 4. An additional benefit - correct answer An accumulation When...

Kentucky Health Insurance exam study guide Questions and Answers (Latest Update 2024)

Kentucky Health Insurance Exam Practice with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

Kentucky Health Insurance Exam Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS What is Risk? - Answer -Risk is the uncertainty or chance of loss occurring What is a Peril? - Answer -Perils are the causes of loss insured against in an insurance policy What are the elements of risk? - Answer -Loss must be (1) due to chance; (2) definite and measurable; (3) statistical predictable; (4) not catastrophic; (5) with large loss exposure; and (6) insurance cannot be mandato...

Kentucky Health Insurance Exam Practice with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

KENTUCKY HEALTH INSURANCE EXAM QUESTIONS AND CORRECT ANSWERS

Kentucky Health Insurance exam study guide with 100% correct answers | verified 2024

Kentucky Health Insurance Final exam study Guide with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (Latest 2024/ 2025 Update) Q: Universal Life Insurance Flexible premium, adjustable death benefits, accumulates cash values: earlier models have front-end load, later models have back end load. Insurance costs are debited and guaranteed and excess interest are credited. Q: Universal Life Death Benefit Option A Answer: Level death benefit throughout life of policy (can be increased with pr...