Final Exam- South Carolina Life and Health Questions & Answers 100% Correct

In what form do disability income policies typically pay benefits? - ANSWER-Periodic Income What cannot increase the death benefit amount - ANSWER-Waiver of premium Which type of disability would be less than total impairment and equal to permanent impairment? - ANSWER-Permanent partial disability What is required for an insurer to conduct business in this state - ANSWER-Certificate of authority Not a core benefit of Medicare Supplement A - ANSWER-Deductible payments for the first 60 days of hospitalization After a disability policy has been in force for ___ year(s), it is considered incontestable. - ANSWER-2 Automatic Premium Loan Provision authorizes an insurer to withdraw from a policy's cash value the amount of - ANSWER-Past due premiums that have not been paid by the end of the grace period When a producer is replacing an existing life policy, the producer must take all of the following actions except - ANSWER-Obtain the beneficiaries signature A common exclusion or limitation on a dental policy is - ANSWER-Endodontics Long term care policies sold in SC may exclude coverage related to - ANSWER-Substance Addictions