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

South Carolina Life and Health Exam Practice Questions & Answers 100% Correct What is the purpose for having an accelerated death benefit on a life insurance policy? - ANSWERSIt allows for cash advances to be paid Premium for a modified whole life policy is - ANSWERSlower then typical during first few years then higher then typical for the remainder An eligible employee can be excluded from group health coverage for up to (blank) months if he/she is considered a late enrollee - ANSWERS18 months Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - ANSWERSResults Mortality is calculated by using a large risk pool of - ANSWERSpeople and time Field underwriting by the producer involves - ANSWERSCompleting the application and collecting initial premium The typical free look period for life insurance policies sold in South Carolina is _ days. - ANSWERS10 A carrier for a small group health plan may refuse to renew the plan if the employer - ANSWERSfails to pay the premium In South Carolina, the grace period for a life insurance policy is ____ days - ANSWERS31 A policyowner can receive a percentage payment of the death benefits prior ro death by using what kind of contract? - ANSWERSViatical settlement agreement When the Director is examining an insurer's books and records, the insurer - ANSWERSmust NOT impede an examination Loans obtained by a policyowner against the cash value of a life insurance policy - ANSWERSwould not be treated as taxable income A