MISSISSIPPI LIFE AND HEALTH INSURANCE EXAM
2024/2025 WITH 100% ACCURATE SOLUTIONS
,MISSISSIPPI LIFE AND HEALTH INSURANCE EXAM
2024/2025 WITH 100% ACCURATE SOLUTIONS
Policy assignment under which the assignee (person to whom the policy
is assigned)
receives full control over the policy and also full rights to its benefits.
Generally, when a policy is assigned to secure
a debt, the owner retains all rights in the policy in excess of the debt,
even though the assignment is absolute in
form. (See assignment) - Precise Answer ✔✔Absolute assignment
A life insurance rider that allows for the early payment of some portion
of the
policies face amount should the insured suffers from a terminal i l l n e s
s or injury. - Precise Answer ✔✔Accelerated benefits rider
(See offer and acceptance) - Precise Answer ✔✔Acceptance
Disability income or accident policy provision that requires that the
injury
be accidental in order for benefits to be payable. - Precise Answer
✔✔Accidental bodily injury provision
Insurance providing payment if the insured's death results
,from an accident, if the insured accidentally severs a limb above the
wrist or ankle joints, or totally and irreversibly - Precise Answer
✔✔Accidental death and dismemberment (AD&D)
A life insurance policy rider providing for payment of an additional
benefit
when death occurs by accidental means. - Precise Answer
✔✔Accidental death benefit rider
Often defined as "the severance of limbs at or above the wrists or ankle
joints, or the entire irrevocable loss of sight." Loss of use in itself may or
not be considered dismemberment. - Precise Answer ✔✔Accidental
dismemberment
Unforeseen, unexpected, unintended cause of an accident. Requirement
of an
accident-based policy that the cause of the mishap must be accidental for
any claim to be payable. - Precise Answer ✔✔Accidental means
provision
Under which benefits are payable in case of disease, accidental injury, or
accidental death. Also called health insurance, personal health insurance,
and sickness and accident insurance. - Precise Answer ✔✔Accident and
health insurance
, Premiums an annuitant pays into annuities are credited as accumulation
units. At the end of
the accumulation period, accumulation units are converted to annuity
units. - Precise Answer ✔✔Accumulation unit
A life-threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict underwriting and
claims guidelines in regard to AIDS risks
and AIDS-related conditions. - Precise Answer ✔✔Acquired immune
deficiency syndrome (AIDS)
A serious condition, such as pneumonia, from which the body can fully
recover with proper
medical attention. - Precise Answer ✔✔Acute illness
A life insurance policy is a contract of adhesion because buyers must
adhere to the terms of the
contract already in existence. They have no opportunity to negotiate
terms, rates, values, and so on. - Precise Answer ✔✔Adhesion
Combines features of both term and whole life coverage with the length
of coverage
and amount of accumulated cash value as the adjustable factors.
Premiums may be increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only to
the future. - Precise Answer ✔✔Adjustable life insurance
2024/2025 WITH 100% ACCURATE SOLUTIONS
,MISSISSIPPI LIFE AND HEALTH INSURANCE EXAM
2024/2025 WITH 100% ACCURATE SOLUTIONS
Policy assignment under which the assignee (person to whom the policy
is assigned)
receives full control over the policy and also full rights to its benefits.
Generally, when a policy is assigned to secure
a debt, the owner retains all rights in the policy in excess of the debt,
even though the assignment is absolute in
form. (See assignment) - Precise Answer ✔✔Absolute assignment
A life insurance rider that allows for the early payment of some portion
of the
policies face amount should the insured suffers from a terminal i l l n e s
s or injury. - Precise Answer ✔✔Accelerated benefits rider
(See offer and acceptance) - Precise Answer ✔✔Acceptance
Disability income or accident policy provision that requires that the
injury
be accidental in order for benefits to be payable. - Precise Answer
✔✔Accidental bodily injury provision
Insurance providing payment if the insured's death results
,from an accident, if the insured accidentally severs a limb above the
wrist or ankle joints, or totally and irreversibly - Precise Answer
✔✔Accidental death and dismemberment (AD&D)
A life insurance policy rider providing for payment of an additional
benefit
when death occurs by accidental means. - Precise Answer
✔✔Accidental death benefit rider
Often defined as "the severance of limbs at or above the wrists or ankle
joints, or the entire irrevocable loss of sight." Loss of use in itself may or
not be considered dismemberment. - Precise Answer ✔✔Accidental
dismemberment
Unforeseen, unexpected, unintended cause of an accident. Requirement
of an
accident-based policy that the cause of the mishap must be accidental for
any claim to be payable. - Precise Answer ✔✔Accidental means
provision
Under which benefits are payable in case of disease, accidental injury, or
accidental death. Also called health insurance, personal health insurance,
and sickness and accident insurance. - Precise Answer ✔✔Accident and
health insurance
, Premiums an annuitant pays into annuities are credited as accumulation
units. At the end of
the accumulation period, accumulation units are converted to annuity
units. - Precise Answer ✔✔Accumulation unit
A life-threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict underwriting and
claims guidelines in regard to AIDS risks
and AIDS-related conditions. - Precise Answer ✔✔Acquired immune
deficiency syndrome (AIDS)
A serious condition, such as pneumonia, from which the body can fully
recover with proper
medical attention. - Precise Answer ✔✔Acute illness
A life insurance policy is a contract of adhesion because buyers must
adhere to the terms of the
contract already in existence. They have no opportunity to negotiate
terms, rates, values, and so on. - Precise Answer ✔✔Adhesion
Combines features of both term and whole life coverage with the length
of coverage
and amount of accumulated cash value as the adjustable factors.
Premiums may be increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only to
the future. - Precise Answer ✔✔Adjustable life insurance
