Life, Accident and Health Final Exam

Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - Answer- C. 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 tertiary beneficiary D. The primary beneficiary's estate - Answer- D. The primary beneficiary's estate A Sole proprietor can now deduct what percentage of his or her personal health insurance premiums? A. 0.5 B. 0.6 C. 0.75 D. 1 - Answer- D. 1 In all of the following situations the 10% premature distribution penalty is waived, EXCEPT: A. if the participant dies B. If they reach the age of 59 C. If they are disabled D. if they suffer a financial hardship - Answer- B. If they turn 59 When must a Buyer's Guide be provided to an insurance applicant? A.No later than time of policy delivery B. At time of application prior to premium collection C. At time of application just after premium collection D. Anytime after the home office underwriting begins - Answer- B. At time of application prior to premium collection Ted is only able to pay $25 per month for a life insurance policy. Which of the following policies would provide the greatest face amount of life insurance for this premium? A. Five year term life B. Ten Pay life C. An endowment D. Ordinary life - Answer- A. Five year term life Individ