Aflac Final Exam Questions and Answers
Which of the following is NOT a true description of non-medical life insurance Correct Ans-
Applicants are not required to answer medical questions on the application
When does a life insurance policy's waiver of premium take effect Correct Ans-Insured
becomes totally disabled
An eligible individual who would like to obtain group health insurance without providing
evidence of insurability must Correct Ans-Enroll within a specified eligibility period
An insurer having a large number of similar exposure units is considered important because
Correct Ans-The greater the number insured, the more accurately the insurer can predict
losses and set appropriate premiums
Periodic increases in policy benefits are allowed in which long-term care policy provision?
Correct Ans-Inflation protection
Retirement plans are prevented from favoring highly compensated employees under which
government regulations Correct Ans-Nondiscrimination
What effect did the Pregnancy Discrimination Act have on the health industry Correct Ans-
Pregnancy must be treated as any other medical condition
,An insurance policy issued in California may be called a comprehensive long-term care
insurance policy if benefits are provided for Correct Ans-Institutional (nursing facilities) and
home care
What is the price of insurance for each exposure unit? Correct Ans-Rate
The Medical Information Bureau consists of Correct Ans-Life and health insurance
companies
What prevents a life insurance policy from being rescinded by the insurer after being in force for
two years? Correct Ans-Incontestability clause
When selling a long term care insurance rider to an applicant, a life agent must take into
consideration all of these factors EXCEPT Correct Ans-Attending physician's statements
What kind of annuity pays income to two annuitants until their deaths? Correct Ans-Joint
and survivor annuity
One important function of an insurance company is to identify and sell to potential customers.
Which of these BEST describes this function Correct Ans-Marketing
, Victoria owns a life annuity and elects to receive annuity payments monthly for the remainder
of her life with "ten years certain". Her annuity will make payments Correct Ans-For a
minimum of 120 months and a maximum if the remainder of her life
Coverage is limited for vision and dental insurance in all of the following ways EXCEPT
Correct Ans-Specific dollar amount for examinations
Jim is applying to become an insurance agent and has a past misdemeanor conviction that was
later expunged due to California Penal Code 1203.4. Which of the following statements is
correct? Correct Ans-Jim must still disclose the conviction on his insurance license
application
Which of the following is a characteristic of the disability elimination period Correct Ans-
Benefits are not payable
A participant company is also referred to as which type of insurer Correct Ans-Mutual
insurer
Individual health insurance coverage typically exclude injuries at an employee's workplace
because Correct Ans-It's covered by the state Workers' Compensation program
Why is a life insurance policy's delivery date important? Correct Ans-The free-look period
begins on the policy delivery date
Which of the following is NOT a true description of non-medical life insurance Correct Ans-
Applicants are not required to answer medical questions on the application
When does a life insurance policy's waiver of premium take effect Correct Ans-Insured
becomes totally disabled
An eligible individual who would like to obtain group health insurance without providing
evidence of insurability must Correct Ans-Enroll within a specified eligibility period
An insurer having a large number of similar exposure units is considered important because
Correct Ans-The greater the number insured, the more accurately the insurer can predict
losses and set appropriate premiums
Periodic increases in policy benefits are allowed in which long-term care policy provision?
Correct Ans-Inflation protection
Retirement plans are prevented from favoring highly compensated employees under which
government regulations Correct Ans-Nondiscrimination
What effect did the Pregnancy Discrimination Act have on the health industry Correct Ans-
Pregnancy must be treated as any other medical condition
,An insurance policy issued in California may be called a comprehensive long-term care
insurance policy if benefits are provided for Correct Ans-Institutional (nursing facilities) and
home care
What is the price of insurance for each exposure unit? Correct Ans-Rate
The Medical Information Bureau consists of Correct Ans-Life and health insurance
companies
What prevents a life insurance policy from being rescinded by the insurer after being in force for
two years? Correct Ans-Incontestability clause
When selling a long term care insurance rider to an applicant, a life agent must take into
consideration all of these factors EXCEPT Correct Ans-Attending physician's statements
What kind of annuity pays income to two annuitants until their deaths? Correct Ans-Joint
and survivor annuity
One important function of an insurance company is to identify and sell to potential customers.
Which of these BEST describes this function Correct Ans-Marketing
, Victoria owns a life annuity and elects to receive annuity payments monthly for the remainder
of her life with "ten years certain". Her annuity will make payments Correct Ans-For a
minimum of 120 months and a maximum if the remainder of her life
Coverage is limited for vision and dental insurance in all of the following ways EXCEPT
Correct Ans-Specific dollar amount for examinations
Jim is applying to become an insurance agent and has a past misdemeanor conviction that was
later expunged due to California Penal Code 1203.4. Which of the following statements is
correct? Correct Ans-Jim must still disclose the conviction on his insurance license
application
Which of the following is a characteristic of the disability elimination period Correct Ans-
Benefits are not payable
A participant company is also referred to as which type of insurer Correct Ans-Mutual
insurer
Individual health insurance coverage typically exclude injuries at an employee's workplace
because Correct Ans-It's covered by the state Workers' Compensation program
Why is a life insurance policy's delivery date important? Correct Ans-The free-look period
begins on the policy delivery date
