Final Exam - Louisiana Life and Health questions with correct answers

When are group disability benefits considered to be tax-free to the insured? ans When the recipient pays the premiums An insurable interest in each other's lives may exist in absence of an economic interest when the individuals are ans Marriage partners What is the elimination period of an individual disability policy? ans Time period a disabled person must wait before benefits are paid What happens to interest earned if the annuitant dies before the payout start date? ans It is taxable In which of the following situations would the insurer be liable for a loss? ans The insured suffered an injury as an innocent bystander during a bank robbery In what form do disability income policies typically pay benefits? ans Periodic income Which of the following is typically NOT eligible for coverage in a group health policy? ans Temporary employee Which of the following would be considered a possible applicant and contract policyholder for group health benefits? ans Employer