Kentucky Life & Health Insurance Questions and Answers 100% Pass

Kentucky Life & Health Insurance Questions and Answers 100% Pass Life insurance underwriting would consider which of these factors as unimportant? Age of the applicant Weight of the applicant Marital status of the applicant Gender of the applicant ✔✔Marital status of the applicant The induce ment of an insured to lapse, forfeit, or surrender an insurance policy by misrepresentation or misleading comparisons, in order to write a new policy, is known as: Rebating Twisting Commingling Churning ✔✔Twisting Michelle purchased a Long Term Care policy 12 months after suffering a stroke. Any future claims she will have related to this stroke will be: denied covered covered only if additional premiums are paid denied only if she was experiencing problems from the stroke at the time of application ✔✔Covered Most LTC policies do not cover conditions that existed during the 6 months before the policy effective date. In this situation, the event occurred 12 months prior. An owner has a life annuity which provides benefit payments for a minimum time period, no matter when the annuitant dies. The feature of this annuity is called: fixed period period certain installment refund straight life ✔✔Period Certain An annuity with period certain provides a life annuity with an extra guarantee for a certain period of time. If the annuitant dies it will still guarantee payments to the survivor for another 10,15, 20 years. Mike had both of his legs amputated after a bo ulder fell on them. He has a policy that pays a lump sum benefit for this injury. What type of insurance does Mike have? Catastrophic Accidental death and dismemberment Major medical Hospital expense ✔✔Accidental death and dismemberment An accident al death and dismemberment policy pays a benefit in the event of accidental dismemberment or loss of vision/hearing. Which of these Nonforfeiture Options continue a build -up of cash value? Waiver of Premium Extended Term Reduced Paid -Up Cash Surrender ✔✔Reduced paid up A Reduced Paid -Up option would provide continuing cash value build -up. What type of life policy covers two people and pays upon the death of the last insured? Shared Survivorship Adjustable Joint ✔✔Survivorship Which of the following questions may an insurer properly ask an applicant for insurance?