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Life Insurance Practice Exam Questions With 100% Correct Answers jason is the insured in a 100,000 10 year long renewable term policy. Soon after taking out the policy, he develops a serious heart condition. will he be able to renew his policy? - answeryes which policy has the lowest annual premium? - answerwhole life the primary purpose of an annuity is to - answerprovide income for an individuals retirement under what circumstance would an insurance applicant be asked to submit a signe...

LIFE INSURANCE PRACTICE EXAM Questions With 100% Correct Answers Insurable Receipt - answerThe reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - answerStatements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate - answerAn annuity is considered fi...

Life, Accident and Health Final Exam Questions With 100% Correct Answers Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - answerC. Periodontics The Insured and primary beneficiary die in a common accident. The insured dies at the scene and the beneficiary dies thirty six days later. To whom is the $250k death benefit paid? A. The State Department of Revenue B. The Contingent Beneficiary C. The...

Life, Accident and Health Pearson Final Exams - Exam 5 Questions With 100% Correct Answers Which of the following health insurance policy provisions allows an insurer to deny a claim that does not occur during the policy period? AReinstatement provision BInsuring clause COwnership provision DConsideration clause - answerB insuring clause The insuring clause specifies the time frame of the policy period which is generally one year. Therefore, accidents or illnesses occurring prior to th...

NC Health Insurance Exam Pearson Vue Questions With 100% Correct Answers Pure Risk - answerchance of loss or no loss but not gain insurable Speculative Risk - answerthere is possibility of loss but of gain no insurablility exposure unit - answersubject to loss peril - answercause of loss life insurance - answerdeath Health insurance - answeraccident and sickness hazard - answerincreases the likelihood or severity of loss Three types of hazard - answerphysical, moral, morale physical ha...

Pearson Vue Comprehensive Exam Part 1 Questions With 100% Correct Answers Admitted life insurance must pay interest, at a rate specified by life, on death benefits from the date of the insured's death, through how many days following the date the insurer receives the claim? a. 15 days b. 20 days c. 30 days d. 31 days - answerc. 30 days The policy loan amount cannot exceed the __________________. a. The cumulative premiums paid b. The loan balance c. Available cash surrender value d...

Pearson Vue Comprehensive Exam Part 2 Questions With 100% Correct Answers c. The Interest credited to the policy is based off of the performance of a stock market index life the S&P 500 - answerWhich of the following statements about Equity Indexed Life insurance is TRUE? a. The policyowner can decide which separate accounts to invest the policy's cash values into b. The insured/owner bears all risk regarding cash surrender value, as negative stock market performance can cause the cash v...

PearsonVue Life Insurance Practice Exam Questions With 100% Correct Answers The PRIMARY reason for selecting a Variable Whole Life policy instead of a traditional Whole Life policy is that the Variable Whole Life policy: - answerhas the potential to earn a higher rate of return on the cash value Which of the following statements is CORRECT about the Paid-Up Additions in a participating Whole Life policy? - answerThey are purchased on an attained age basis. Which of the following statement...

Pearson Vue Life Insurance Practice Exam Questions And Answers 100% Solved P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - answerB A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contract B.investme...

Pearson Vue National Health Insurance Practice Test Questions And Answers 100% Solved An insurer must provide claim forms to an insured within a MAXIMUM of how many days after receiving notice of an Accident & Health claim? A. Five B. Fifteen C. Twenty D. Thirty - answerb Under a group health plan, an employer may offer additional benefits to classes of employees on the basis of all of the following factors EXCEPT: A. length of employment B. gender C. salary grade D. job category -...