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NWM Guaranteed Exam Health and Life Questions And Answers With Verified Solutions Graded A+

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a core medicare supplent policy (plan A) will cover all of the following expenses except the first 3 pints of blood 20% of part B coinsurance amounts for medicare-approved services part A coinsurance part A deductible - part A deductible a disability income policy has a waiting period of 7 dau...

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NWM Guaranteed Exam Health and Life
a core medicare supplent policy (plan A) will cover all of the following expenses except

the first 3 pints of blood

20% of part B coinsurance amounts for medicare-approved services

part A coinsurance

part A deductible - part A deductible



a disability income policy has a waiting period of 7 daus. if the insured is disabled for 15 days, how many
days of benefits will the policy pay? - 8 days



a loss resulting from which of the following would qualify for the accidental death rider coverage? -
an automobile accident



a new homebuyer wants to purchase a life insurance policy that wuld protect his family against losing
the home, should he die before the mortgage was paid. the most inexpensive type of policy that would
accomplish this neeed would be - decreasing term



a person receives his medicare supplement policy and is not satisfied with the provisions. He can return
the policy for a full premium refund if he does so within how many days? - 30



a retail shop owner is insured under a business overhead expense policy that pays a maximum monthly
benefit of $2,500. his actual monthy expense is 3000. if the owner becomes disabled, the monthly
beenfit payable under this polcuy will be - 2,500



a specified disease policy would cover which of the following - cancer



according to the fair credit reporting act, all of the following statements are true except

if an applicant is declined for aninurance policy, he or she has no right to know what was in the report

it protects consumers against the ciruclation of inaccurate information

, it ensures that consumer reporting agencies are fair in their treatment of consumers

investigative consumer reports can be used to obtain information on the applicant's character and
reputation - if an applicant is declined for an insurance policy, he or she has no right to know what
was in the report



according to the time limit on certain defenses provision, statements or misstatements made in the
application at the time of issue cannot be used to deny a claim after the policy has been in force for a
minimum of how many years - 2 year



all of the following are characteristics of group health insurance plans except

the benefits under a group plan are more extensive than those under individual plans

the parties that hold a group health insurance contract are the employees ad the employer

the cost of insuring an individual is less than what would be charged for comparable benefits under an
individual plan

employers may require the employees to contribute to the premium payments - the parties that
hold a group health insurance contract are the employees and the employer



all of the following are features of a health insurance plan purchased on the health insurance
marketplace except - dollar limits on essential benefits



all of the following are true about key-person insurance except

the business is the beneficiary

the death benefit is taxable to the business

the business is the applicant and owner

the employee must give written consent by signing the application - the death benefit is taxable to
the business



all of the following are true of multiple employer trust except

the trust are formed by insurers, agents, broker, or third party administrators, who are called sponsors

the sponsor develops the plan, sets the underwriting rules, and administers it

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