Pre-Final Exam - New York Life, Accident and Health Questions with Answers

Pre-Final Exam - New York Life, Accident and Health Questions with Answers What happens when an initial offer is answered with a counteroffer? According to the Affordable Care Act (ACA), dependent children may remain on their parent's plan until what age? The premiums paid by an employer for his employee's group life insurance are usually considered to be A family group accident and health insurance policy must continue coverage for each unmarried child at least until age A life insurance beneficiary died after receiving only six payments under the policy's life income settlement option. What happens with the remaining balance of the death proceeds? When an individual is planning to protect his family with life insurance, one method of doing so is called needs analysis. What exactly does needs analysis involve? A retired couple would like to maximize the income derived from their combined life savings and have it payable until they both die. Which annuity would be their best choice? Major medical plans typically exclude coverage for which of the following benefits? Which of the following BEST describes a "partial disability"? Under an adjustable life insurance policy, which of the following may NOT be changed without further underwriting? An agent's license in New York must be renewed every A policyowner pays the first annual premium for a $50,000 life insurance policy and dies one month after the policy effective date. Which of these statements is normally true? According to the Affordable Care Act (ACA), the proportion of premium revenues spent on clinical services and quality improvements is called the A material change in a modified endowment contract (MEC) results in