New Jersey Life And Health Final Exam

Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer-Home health care Which of the following is NOT a federal requirement of a qualified plan? - Answer-Employee must be able to make unlimited contributions Why are dividends from a mutual insurer not subject to taxation? - Answer-Because dividends are considered to be a return of premium The treasurer of XYZ Insurance Company discovers that the treasurer's company is being investigated by the Banking and Insurance Commissioner... - Answer-Making false financial statements Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? - Answer-Payor benefit Which of these premium payment frequencies is not typically available to a policy owner? - Answer-Bi-weekly Maria the agent would like to advertise an annuity product on a highway billboard. Which of the following must be included in the advertisement? - Answer-Her name Which disability policy provision would address any concerns of the value of the benefits decreasing over time? - Answer-Cost of living benefit Which of these is NOT a characteristic of the Accelerated Death Benefit option? - Answer-The benefit can be offered as a rider at a specific extra cost or may be at no cost All of the following are included as part of a contract in the entire contract provision EXCEPT the - Answer-Changes made by the producer