Kentucky Life & Health Insurance Questions and Answers 100% Pass
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Course
Kentucky Life & Health Insurance
Institution
Kentucky Life & Health Insurance
Kentucky Life & Health Insurance Questions and Answers 100% Pass
Life insurance underwriting would consider which of these factors as unimportant?
Age of the applicant
Weight of the applicant
Marital status of the applicant Gender of the applicant Marital status of the applicant
The inducement...
Kentucky Life & Health Insurance Questions and Answers 100% Pass Life insurance underwriting would consider which of these factors as unimportant? Age of the applicant Weight of the applicant Marital status of the applicant Gender of the applicant ✔✔Marital status of the applicant The induce ment of an insured to lapse, forfeit, or surrender an insurance policy by misrepresentation or misleading comparisons, in order to write a new policy, is known as: Rebating Twisting Commingling Churning ✔✔Twisting Michelle purchased a Long Term Care policy 12 months after suffering a stroke. Any future claims she will have related to this stroke will be: denied covered covered only if additional premiums are paid denied only if she was experiencing problems from the stroke at the time of application ✔✔Covered Most LTC policies do not cover conditions that existed during the 6 months before the policy effective date. In this situation, the event occurred 12 months prior. An owner has a life annuity which provides benefit payments for a minimum time period, no matter when the annuitant dies. The feature of this annuity is called: fixed period period certain installment refund straight life ✔✔Period Certain An annuity with period certain provides a life annuity with an extra guarantee for a certain period of time. If the annuitant dies it will still guarantee payments to the survivor for another 10,15, 20 years. Mike had both of his legs amputated after a bo ulder fell on them. He has a policy that pays a lump sum benefit for this injury. What type of insurance does Mike have? Catastrophic Accidental death and dismemberment Major medical Hospital expense ✔✔Accidental death and dismemberment An accident al death and dismemberment policy pays a benefit in the event of accidental dismemberment or loss of vision/hearing. Which of these Nonforfeiture Options continue a build -up of cash value? Waiver of Premium Extended Term Reduced Paid -Up Cash Surrender ✔✔Reduced paid up A Reduced Paid -Up option would provide continuing cash value build -up. What type of life policy covers two people and pays upon the death of the last insured? Shared Survivorship Adjustable Joint ✔✔Survivorship Which of the following questions may an insurer properly ask an applicant for insurance?
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