Modified cobra - Study guides, Class notes & Summaries

CPP Certified Payroll Professional Exam 140 Questions with Verified Answers 2019 Counseling is appropriate when: a. salaries have been frozen. b. introducing a new procedure. c. explaining tax law changes. d. orienting new employees. - CORRECT ANSWER a. salaries have been frozen. In addition to the accuracy-related penalty for underpayment of taxes, if the underpayment of taxes is due to fraud, the IRS may asses an additional penalty of: - CORRECT ANSWER 75% If an employer's total...

A policyowner is reading a statement on the first page of his health insurance policy, which says "this is a limited policy." What is the name of this statement? -:- Limited Policy Notice What is the main purpose of the regulation on life insurance policy illustrations? -:- To help customers make educated decisions in buying life insurance This state provides for a temporary license for all of the following EXCEPT -:- A producer's retirement. What authority issues a Cease and Desis...

Indiana Life Insurance Exam With Correct Questions & Answers Latest UPDATED 2024 Which of the following statements is true about the Group Life conversion privilege? a. Death during the conversion period is covered even if the departing employee chooses NOT to convert to an individual policy. b. The departing employee must pay the premium if they elect to be covered during the conversion period. c. If a departing employee elects to convert their life insurance, the company must offer T...

Whole Life Policies -ANSWER also called permanent insurance, builds cash value, policy endows at age 100 401(k) -ANSWER a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. 403(b) -ANSWER a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. Limit of Liability -ANSWER The total amount the insurer will pay for an insured risk. -Flexible premiums, -Guaranteed minimum death benefit -Guaranteed minimum ra...

Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A. indemnity contract B. inve...

Ohio life and Health Insurance Practice Final Exam Questions with accurate answers. Graded A. 2022/2023. Rated A Document Content and Description Below Ohio life and Health Insurance Practice Final Exam Questions with accurate answers. Graded A. 2022/2023. Rated A Premiums paid that exceed 7 1/2% of an insured's Adjusted Gross Income (AGI) are tax-deductible when paid for which of the following plans? - Qualified Long-Term Care plan All _____ policies must be guaranteed renewable. - long-term...

Texas Life And Health Final Exam Questions And Answers Well Illustrated. A certificate of _____ permits an insurance company to transact business in Texas. - correct answer. Authority Which of the following statements about Health Reimbursement Arrangements (HRA) is CORRECT? - correct answer. If the employee paid for qualified medical expenses, the reimbursements may be tax-free The individual who provides general medical care for a patient as well as the referral for spec...

Pearson Vue Life + Health Insurance Practice Exam Questions And Correct Answers P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A. indemnity contract B. invest...

Pearson Vue Life + Health Insurance Practice Exam Questions With Verified Answers P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: a: irrevocable beneficiary b: revocable beneficiary c: secondary beneficiary - answerB A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A. indemnity contract...

Indiana Life Insurance Exam All Answers Correct Which of the following is NOT a characteristic of a Variable Annuity? A. Premium Payments may be level or flexible or single premium B. The cash values are invested in securities. C. The non-forfeiture values will provide for the return of the cash value should the annuitant die during the accumulation period. D. It provides for a tax-free death benefit. D. It provides for a tax-free death benefit. All of the following policies provid...