PA life, accident, and health practice
questions
________ is a factor that would be considered by an insurer when determining whether to
accept a group life plan - ANS - Average age
"Maximum benefits" refers to the - ANS - the upper limit of the total lifetime benefits the
insurance company will pay
10-year level term life InsPol that has a death benefit of $2000,000. It is true that: - ANS -
The face amount and premium will remain constant over the 10 year period
A master contract and certificate of coverage can be found in which type of policy? - ANS
- Group
A medical provider that accepts Medicare assignment must - ANS - accept payment
based upon a defined Medicare schedule as payment in full
A propose insured fo a health insurance policy was treated for heart disease within the
past year. When applying for health insurance, the heart disease treatment - ANS -
indicates a preexisting condition
A transaction in which a new life insurance policy is purchased and an existing life
insurance policy is surrendered and an existing insurance policy is called - ANS -
Replacement
All of the following are examples of a business continuation plan - ANS - key person
insurance, cross-purchase agreement, stock redemption plan
All of the following are functions of an insurance clause EXCEPT (States the conditions
under which the policy will pay, outlines the kind of benefits provided, primarily
describes the free-look period, provides the policy's scope and limits of coverage) - ANS
- Primarily describes the free-look period
An individual can enroll in Part C Medicare Advantage Plan at what time? - ANS - When
becoming eligible for Medicare (age 65)
Benefit that enables someone to defer the current receipt of income and have it paid at a
later date, potentially when at a lower tax bracket. - ANS - Deferred compensation option
questions
________ is a factor that would be considered by an insurer when determining whether to
accept a group life plan - ANS - Average age
"Maximum benefits" refers to the - ANS - the upper limit of the total lifetime benefits the
insurance company will pay
10-year level term life InsPol that has a death benefit of $2000,000. It is true that: - ANS -
The face amount and premium will remain constant over the 10 year period
A master contract and certificate of coverage can be found in which type of policy? - ANS
- Group
A medical provider that accepts Medicare assignment must - ANS - accept payment
based upon a defined Medicare schedule as payment in full
A propose insured fo a health insurance policy was treated for heart disease within the
past year. When applying for health insurance, the heart disease treatment - ANS -
indicates a preexisting condition
A transaction in which a new life insurance policy is purchased and an existing life
insurance policy is surrendered and an existing insurance policy is called - ANS -
Replacement
All of the following are examples of a business continuation plan - ANS - key person
insurance, cross-purchase agreement, stock redemption plan
All of the following are functions of an insurance clause EXCEPT (States the conditions
under which the policy will pay, outlines the kind of benefits provided, primarily
describes the free-look period, provides the policy's scope and limits of coverage) - ANS
- Primarily describes the free-look period
An individual can enroll in Part C Medicare Advantage Plan at what time? - ANS - When
becoming eligible for Medicare (age 65)
Benefit that enables someone to defer the current receipt of income and have it paid at a
later date, potentially when at a lower tax bracket. - ANS - Deferred compensation option
