Indiana State Life & Health Exam questions with correct answers

Individual disability income policies typical include an elimination period (t/f) ans True A producer's license may be denied, suspended, or revoked if the licensee: ans is found guilty of misrepresentation in obtaining the license Which of the following actions is NOT possible with a Universal Life policy? ans premiums may be applied as a credit against income tax How long is the typical free look period for long term care insurance policies? ans 20 days Equity indexed annuities are invested in: ans The S&P 500 Group life policies in Indiana are required to contain a conversion privilege that allows for conversion: ans to an individual policy for a stated period of time What is a key requirement for accelerated death benefit policy? ans Must have a terminal illness to qualify Qualified LTC policies may take into consideration an applicant's pre-existing conditions for a maximum of not more than _____ month(s) prior to the effective date of coverage ans 6