2024 FLORIDA LIFE HEALTH AND ANNUITIES 215 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!!

2024 FLORIDA LIFE HEALTH AND ANNUITIES 215 450 QUESTIONS AND CORRECT DETAILED ANSWERS UPDATE ALREADY A GRADED|NEW!! Accidental death benefit rider - CORRECT ANSWERTwice (or three times) the benefit will be paid if the insured dies in an accident Accidental dismemberment - CORRECT ANSWERLoss of a body part-state test actual loss not just loss of use Accidental means provision - CORRECT ANSWERBenefit only paid when the insured was not in control of the accident Accidental results provision - CORRECT ANSWERBenefit paid when accident occurred because of any means; it just happened! Accident and health insurance - CORRECT ANSWERCoverage for an insured disabled by accident or illness Accumulation unit - CORRECT ANSWERPurchased by premiums paid into variable annuity during the annuitants working years Acute illness - CORRECT ANSWERThe one category of serious illness where the patient can fully recover Adhesion - CORRECT ANSWERWhere all specifications of forms, brochures, and contracts are pre-approved by the state Adjustable life insurance - CORRECT ANSWERA combination term and whole life policy where it is easy to change various factors Administration services only (ASO) - CORRECT ANSWERInsurance company insists only with the paperwork for self-insureds Admitted insurer - CORRECT ANSWERCompany approved, authorized, admitted, certified to do business in the state Adult daycare - CORRECT ANSWERWhere Alzheimers or similar patients can be monitored and receive care during the day Adverse selection - CORRECT ANSWERpoor choices made by an underwriter when selecting risks Advertising code - CORRECT ANSWERWhat's ok and what's NOT okay in advertising... found inside the Unfair Trade Practices Act Agency - CORRECT ANSWERAn office established for the purpose of selling insurance within the state ZoomWords - CORRECT ANSWERA list of the important terms to be understood in preparing for the insurance exams Yearly Renewable Term Insurance (YRT) - CORRECT ANSWERThe same as annually renewable term (ARTs) Absolute assignment - CORRECT ANSWEROwnership is assigned to another person permanently unless intentionally returned Accelerated benefits rider - CORRECT ANSWERProviding death benefits ahead of time of death when insured is terminally ill Acceptance - CORRECT ANSWEROffer has been made and accepted by the company, or by the client if counter-offer was made Accidental bodily injury provision - CORRECT ANSWERBenefits payable when injured by accidental means Accidental death and dismemberment - CORRECT ANSWERA plan specifically for accidental death or loss of body parts Agent - CORRECT ANSWERAny licensed person who solicits insurance on behalf of an insurance company Agent's report - CORRECT ANSWERPart 3 of the application where the agent enters his/her comments regarding the transaction Aleatory - CORRECT ANSWERA chance/risk for both of the parties. It never works out to be equal Alien insurer - CORRECT ANSWERInsurance company is located outside the USA Ambulatory surgery - CORRECT ANSWERA neighborhood clinic commonly less expensive than the costs from a hospital