FX OREGON LIFE/HEALTH INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS

which policy component decrease in decreasing term insurance? - correct answer face amount Your client plans to retire at age 50. he would like to purchase an annuity that would provide income from the time he retires to the age when social security and other pension funds become available. What settlement option should he consider? - correct answer Annuity certain which of the following programs expands individual public assistance programs for people with insufficient income and resources? - correct answer Medicaid in an annuity, the accumulated money is converted into a stream of income during which time period? - correct answer Annuitization period Which of the following best describes the difference between Pure Life and Life with Guaranteed Minimum settlement options? - correct answer life with guaranteed minimum will pay the remaining principal to the beneficiary An insured pays a monthly premium of $100 for her health insurance. What would be the duration of the grace period under the policy? - correct answer 10 days under an extended term nonforfeiture option, the policy cash value is converted to - correct answer The same face amount as in the whole life policy In order to collect Social Security disability benefits, the claimant must be able to demonstrate the the disability will last at least - correct answer 12 monthes