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LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+ €18,63
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LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+
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LIFE ACCIDENT AND HEALTH INSURANCE EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+

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  • 28 augustus 2024
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  • life accident and health insurance exam

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  • NY life accident and health insurance
  • NY life accident and health insurance

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Voorbeeld van de inhoud

Life, Accident, and Health Insurance Exam

1. Paul has an existing annuity and is sold a new one, unnecessary re-
in which the new policy holds no greater financial placement
benefit to him than the existing contract. This is con-
sidered a(n)

a. unnecessary replacement
b. deferred annuity
c. illegal transaction
d. immidiate annuity

2. Key Person Disability Insurance pays benefits to the employer

a. employer
b. hospital
c. employee's creditors
d. employee

3. Written notice for a health claim must be given to the 20
insurer ___ days after the occurrence of the loss.

a. 60
b. 10
c. 31
d. 20

4. Jim is applying to become an insurance agent and Jim must still dis-
has a past misdemeanor conviction that was later close the convic-
expunged due to California Penal Code 1203.4. Which tion on his insur-
of the following statements is correct? ance license appli-
cation
a. Jim must still disclose the conviction on his insur-
ance license application
b. Jim is not required to disclose the conviction on
his insurance license application
c. Only expunged felonies are required to be reported
on an insurance license application
d. Only convictions that have been expunged within
the last 3 years need to be reported on an insurance
license application


, Life, Accident, and Health Insurance Exam

5. What determines the Social Security normal retire- Year in which
ment age? worker was born

a. Number of dependents
b. Year in which worker was born
c. Worker's average lifetime income
d. Number of quarters emplyed

6. Which of these is affected by the frequency of an Cost
insurance policy's premium payments?

a. Cost
b. Settlement options
c. Cash value
d. Death Benefit

7. Which type of worker has Social Security benefits Fully insured
available to them?

a. Currently insured
b. Partially insured
c. Presently insured
d. Fully insured

8. Erica is 35 years old and owns an IRA. At what age 59 1/2
can she begin to receive distributions without a tax
penalty?

a. 59 1/2
b. 62
c. 55
d. 70 1/2

9. In an insurance contract, the insurer is the only party Unilateral
legally obligated to perform. Because of this, an in-
surance contract is considered

a. Aleatory
b. Voidable


, Life, Accident, and Health Insurance Exam

c. Unilateral
d. Conditional

10. Key person insurance is intended to cover business
losses due to the
a. cover business losses due to the death of a key death of a key em-
employee ployee
b. help retain key employees by offering added bene-
fits
c. allow a key person to purchase the business
d. give premium-grade benefits to key employees

11. Which of the following acts is NOT a Federal offense Misrepresenta-
committed by an insurance agent? tion on an
insurance
a. Falsify records application
b. Embezzlement
c. Misrepresentation on an insurance application
d. Insurance Fraud

12. A life insurance policy that contains a guaranteed universal life
interest rate with the chance to earn a rate that is
higher than the guaranteed rate is called

a. whole life
b. credit life
c. universal life
d. group life

13. Which contract element is insurable interest a com- Legal purpose
ponent of?

a. Consideration
b. Legal purpose
c. Offer and acceptance
d. Competent parties

14. A terminated employee that has exercised the conver- Term insurance
sion privilege is able to convert into permanent in-
surance


, Life, Accident, and Health Insurance Exam

a. Permanent insurance into term insurance
b. Only after providing evidence of insurability
c. Term insurance into permanent insurance
d. Without paying for the premiums

15. Which of the following does the California Insurance Insurer's financial
Code NOT require an insurance policy to specify? rating

a. What or who is being insured
b. Policy period
c. Premium
d. Insurer's financial rating

16. How much does Medicare Part B pay for physician 80%
fees?

a. 80%
b. 60%
c. 100%
d. 40%

17. The typicle long-term care insurance policy is de- 1
signed to provide a minimum of ___ year(s) of cov-
erage

a. 5
b. 3
c. 1
d. 7

18. Proceeds from a life insurance policy are protected Spendthrift trust
from the beneficiary's creditors by which clause? clause

a. Beneficiary trust clause
b. Creditor clause
c. Spendthrift trust clause
d. Protection clause

19. A beneficiary has just received a claim payment for a No federal income
life insurance policy. Which of the following is TRUE tax is owed on

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