Nevada life health - Study guides, Class notes & Summaries

Nevada Life and Health License Exam Prep Questions What are the four required elements of an insurance contract? ️️Agreement, consideration, competent parties, and legal purpose. What is the minimum age requirement for someone to apply for health insurance in Nevada? The minimum age requirement for applying for health insurance in Nevada is 18 years old. ️️ What are the penalties for not having health insurance in Nevada under the Affordable Care Act? Under the Affordable Car...

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Nevada Life & Health Insurance QUESTIONS AND REVISED CORRECT ANSWERS | UPDATED !! Term insurance - ANSWER : temporary protection because it only provides coverage for a specific period of time Face amount - ANSWER : death benefit 3 basic types of term coverage - ANSWER : level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? - ANSWER : regardless of type of term insurance purchased, premium is level t...

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NEVADA LIFE AND HEALTH LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS What are the four required elements of an insurance contract? - correct answer Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - correct answer General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life insuranc...

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Nevada Life & Health Insurance Questions and Answers Rated A+ term insurance temporary protection because it only provides coverage for a specific period of time face amount death benefit 3 basic types of term coverage level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? regardless of type of term insurance purchased, premium is level throughout the term of policy level term insurance death benefit...