Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2
PA Life, Health and Accident Final Exam Questions
And Answers
1. Which of these factors is NOT taken into consideration when determiningthe cost of a
long-term care policy?
Ans Personal Income
2. What is the nonforfeiture value of an annuity before annuitization?
Ans Allpremiums paid, plus interest, minus any withdrawals and surrender charges
3. In an employer sponsored contributory group disability income plan theemployer
pays 60% of the premium and each employee pays 40% of the premium. Any income
benefits paid are taxed to the employee at?
Ans 60%
4. Premium mode is a term used to describe the?
1 of 36 8/20/2024, 12:46
,Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2
Ans Frequency of the premiumpayment
5. A master contract and certificate of coverage can be found in which type ofpolicy?
Ans Group
6. With a scheduled dental policy, how are covered expenses paid?
Ans Benefitsare limited to a specific maximum dollar amount per procedure
7. All of the following are included as a part of a contract in the entire contractprovision
EXPECT the?
Ans Change made by the producer
8. A securities license is required for a life insurance producer to sell
Ans Variablelife insurance
9. Under a disability income policy, which provision would be payable if the cause of an
injury is unexpected and accidental?
Ans Accidental bodily injury pro-vision
2 of 36 8/20/2024, 12:46
,Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2
10. Under a life insurance policy, what does the insuring clause state?
Ans Theinsures obligation to pay a death benefit upon an approved death claim
11. What type of disability would be less than total impairment and equal topermanent
impairment?
Ans Permanent partial disability
12. Which of these statements regarding the annuitant is CORRECT?
Ans Theannuitants life expectancy determines the annuity payments
13. An insurer must furnish to a claimant forms for filing proof of loss within
days upon receiving a notice of claim.
Ans 15 days
14. A life insurance policy that is subject to a contract interest rate is referredto as
Ans Universal Life
3 of 36 8/20/2024, 12:46
,Final Exam PA Life, Health and Accident.pdf file:///C:/Users/HP/Desktop/NIW/Final%20Exam%20PA%20Life,%2
15. Which settlement option involves having the proceeds remain with the insurer and
earnings paid on a monthly basis to the beneficiary?
Ans Interest only
16. Within how many days must a producer report to the commissioner anycharges
made against them?
Ans 30 days
17. Which of the following would be considered a possible applicant andcontract
policyholder for group health benefits?
Ans Employer
18. How are annuities given favorable tax treatment?
Ans Gains are taxed at distri-bution
4 of 36 8/20/2024, 12:46
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper TIPSCORE. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €13,34. Je zit daarna nergens aan vast.
