KENTUCKY HEALTH INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS

KENTUCKY HEALTH INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. When does the policy become effective? A. as of the application date B. As of the policy delivery date C. As of the first of the month after the policy issue date D. As of the policy issue date - correct answer A. As of the application date All of the following are true about group disability income insurance EXCEPT: A. The waiting period starts at the onset of the injury or sickness. B. The longer the waiting period, the lower the premium. C. Coverage applies both on and off the job. D. Benefits are usually short term. - correct answer C. Coverage applies both on and off the job. Under the age discrimination in employment act, if the obligation of the employer to provide retiree health benefits, what will an individual younger than 65 receive in benefits each year? A. one-fourth of the benefits required under the social security act. B. at least 10,000. C. At least the value of the Social Security Benefits. D. The minimum established by the employer - correct answer C. At least the value of the Social Security benefits Disability income policies can provide coverage for a loss of income when returning to work only part-time after recovering from total disability. What is the benefit that is based on the insured's loss of earnings after recovery from a disability? A. recurrent disability B. partial disability C. income