Health insurance policys - Study guides, Class notes & Summaries

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Under a traditional IRA, interest is taxed: Only if withdrawn prior to age 59 1/2 According to the capital gains rate Upon distribution During the accumulation phase - ANSWER-Upon distribution Which of these statements concerning Traditional IRAs is CORRECT? Earnings are not taxable when withdrawn Earnings are taxable when withdrawn Contribution are never tax deductible Contributions are always made by the employer - ANSWER-Earnings are taxable when withdrawn Wh...

Types of Licenses - ANSWER--Producers -Business entity producers -Nonresident producers -Temporary -Special Brokers -Advisers -Public insurance adjusters -Reinsurance Adjusters -Life settlement broker portable electronics insurance limited lines insurance Producers - ANSWER-is a general term applied to anyone who engages in the sale of insurance products. Producers must be licensed by the state in which they wish to sell insurance. Business entity producer - ANSWER-A requirement f...

sam spends 182 days in the hospital. at what point in her hospital stay will medicare part A no longer pay any benefits unless she draws from her lifetime savings reserve? 12 months after the enrollment date after 90 days max benefit period under part A is 90 days 10 days Nolan pays less for coverage than Ned the risk for a group is spread out, thus making group health insurance less expensive than individual health insurance 1 of 115 which of the following riders waives the cost of in...

A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - ANSWER all of the following are examples of business continuation plan except - ANSWER Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A nonforfeiture option can be used to increase the death benefit The policy's ...

Who maintains responsibility for claims made in an advertisement on behalf of an insurance company? a-The writer b-the insurer c-the producer d-the Department of Insurance - Answer the insurer Which of the following is true regarding coverage for diabetes in Group health insurance policy's in Missouri? a-Coverage is optional with a higher copayment b-coverage is available in limited benefit health plans c-coverage must be provided without deductibles d-coverage is required for ty...

Chris has a single medical contract which covers all medical expenses. His plan is considered to be - ANSWER Comprehensive A life policy's spendthrift clause would have no effect if the beneficiary is paid the proceeds as a - ANSWER lump-sum payment What will medicare charge if someone doesn't enroll in certain Medicare programs or plans when they're first eligible? - ANSWER late enrollment penalty

Life- Iowa portion 2nd section all answers correct Which of the following is NOT true about a referral fee? ️it can be paid as an incentive to purchase insurance The final decision to replace an existing insurance policy is the responsibility of the ️policyowner Which of the following actions can a licensed life insurance producer perform during the sale of an insurance policy? ️Recommend that the prospect purchase an annuity that is suitable given the prospects financial situa...

1. The percentage change in price with a 1.5% rise in the market rate of interest for a bond with a duration of 5.0 years is - ANSWER duration x change in mkt int rate 1.5 x 5= -7.5 10 essential health benefits that must be covered by all health insurance policies under PPACA - ANSWER 1. out patient care 2. emergency services 3. hospitalization 4. maternity and newborn care 5. mental health and addiction treatment 6. prescription drugs 7. rehab services and devices 8. lab services ...

FLORIDA HEALTH INSURANCE QUESTIONS WITH COMPLETE SOLUTIONS.