PA Life, Health and Accident Exam 2024 with Guaranteed Accurate Answers

Which of these factors is NOT taken into consideration when determining the cost of a long-term care policy? - correct answer Personal Income What is the nonforfeiture value of an annuity before annuitization? - correct answer All premiums paid, plus interest, minus any withdrawals and surrender charges In an employer sponsored contributory group disability income plan the employer pays 60% of the premium and each employee pays 40% of the premium. Any income benefits paid are taxed to the employee at? - correct answer 60% Premium mode is a term used to describe the? - correct answer Frequency of the premium payment A master contract and certificate of coverage can be found in which type of policy? - correct answer Group With a scheduled dental policy, how are covered expenses paid? - correct answer Benefits are limited to a specific maximum dollar amount per procedure All of the following are included as a part of a contract in the entire contract provision EXPECT the? - correct answer Change made by the producer A securities license is required for a life insurance producer to sell - correct answer Variable life insurance Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? - correct answer Accidental bodily injury provision Under a life insurance policy, what does the insuring clause state? - correct answer The insures obligation to pay a death benefit upon an approved death claim What type of disability would be less than total impairment and equal to permanent impairment? - correct answer Permanent partial disability Which of these statements regarding the annuitant is CORRECT? - correct answer The annuitants life expectancy determines the annuity payments An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. - correct answer 15 days A life insurance policy that is subject to a contract interest rate is referred to as - correct answer Universal Life Which settlement option involves having the proceeds remain with the insurer and earnings paid on a monthly basis