Washington State Life & Health
Comprehensive Questions
$1,2 hundred - ANS-W has a medical insurance coverage with an 80/20 coinsurance, a $1,000
deductible. If in January W is going into the hospital for an overnight live, the invoice coming to
$2,000, what's going to W pay?
$2,500 monthly (Benefits are usually determined as a percent of the insured's modern income,
typically 60 to 70%) - ANS-An evaluation of Simon's beyond earnings famous his average
earned monthly profits to be about $4,000 monthly. The best quantity of gain that Simon will in
all likelihood be able to purchase underneath a Disability Income Policy, so that you can lessen
malingering within the occasion of a claim, is:
$3,000 - ANS-Victoria's adjusted gross income changed into $60,000. The overall fee of her
man or woman health insurance, LTC coverage, and out-of-pocket scientific fees became
$7,500. Victoria may also qualify for a deduction in the amount of ______.
$30,000 - ANS-K has a $100,000 conventional complete lifestyles policy with $30,000 of coins
values and a $10,000 mortgage excellent. What is the most extra amount she should borrow
from the policy right now?
$4,000 - ANS-Nathan is insured beneath a group disability plan which requires that he pay 1/3
of the top rate. Nathan is currently drawing a $6,000 month-to-month enjoy the plan. How much
of the $6,000 is subject to profits tax?
$four hundred - ANS-C has replica coverage with businesses X and Y ($2,000 with X and
$3,000 with Y). If C suffers a loss of $1,000, primarily based on the insurance with different
insurers provision, how an awful lot will business enterprise X need to pay out as a declare?
$five,000 - ANS-Q has a traditional whole existence policy with a $10,000 face amount, a
$five,000 coins price, and a $4,999 policy mortgage and mortgage interest great. Q will forfeit
the coverage when the policy loan reaches ________ for failing to pay loan hobby on a timely
basis.
$50,000 - ANS-Ted owns a $50,000 Whole Life Policy. At age forty seven, he makes a decision
to forestall paying rates on his policy when it has $15,000 of cash cost and exercising the
Extended Term Option. Ted's term gain will be:
,$500 - ANS-W's fee for insurance is $five according to thousand. W applies for $one
hundred,000 of coverage. What is the whole annual top rate for W's insurance?
1 - ANS-A retiree elected the Life Income with 10 Year Period Certain. He/she dies the day after
receiving 119 month-to-month bills. The beneficiary will get hold of _______ more fee(s):
10 Days - ANS-Unless the coverage turned into issued as a part of a substitute sale, a
policyowner in Washington may return the existence policy if unhappy for any reason inside how
many days after receiving the policy?
10 Days - ANS-With the exception of unmarried premium nonrenewal guidelines, all person
disability regulations in Washington have a free look duration of how long?
10% - ANS-Gloria desires to apply her annuity as a long-term savings plan in preference to as a
short-time period tax refuge, in any other case she will be able to incur a ____% penalty tax
against any taxable withdrawals previous to age fifty nine half of.
15 - ANS-The being pregnant discrimination act applies to groups with ______ or greater
employees.
150 - ANS-Hicks Corp. Wants to deploy a contributory institution plan. It employs two hundred
humans. How many personnel must participate with a view to install the plan?
2 - ANS-HIPAA laws apply to organizations of _____ or greater.
2 employees - ANS-Under an worker organization lifestyles insurance plan in Washington, what
number of employees ought to be protected at the date of trouble with the intention to be
legitimate?
2 years - ANS-In the state of Washington, for a way long is a business license valid?
20 or more employees - ANS-COBRA applies to employers with:
26 - ANS-In the kingdom of Washington, an HMO plan ought to provide the choice of overlaying
any child below the age of:
three years - ANS-According to a provision required for all existence coverage guidelines issued
in Washington, insureds can also borrow up to the cash cost of the coverage after what number
of years of complete premium charge?
30 Days - ANS-A Medicare Supplement policy issued in Washington should have a unfastened
look duration of:
,30 Days - ANS-B, a life insurance coverage holder, is overdue on their top rate bills. According
to the grace period provision, how long does B should pay their past due rates even as keeping
their coverage in pressure?
30 Days - ANS-How lengthy does the Commissioner need to verify, or deny, the manufacturer's
eligibility for an appointment after an insurer submits a request and will pay their fee?
30 Days - ANS-Under a collection lifestyles insurance coverage within the kingdom of
Washington, the demise blessings must be paid within how many days before accruing extra
interest?
30 Hours - ANS-An employee is taken into consideration full time and eligible for small
enterprise scientific fee coverage if she or he works a minimum of ________ hours according to
week.
4 hours - ANS-A man or woman need to complete a one-time path in annuity suitability before
being allowed to promote, solicit, or negotiate the sale of any annuity product in the kingdom of
Washington. How lengthy need to the course be?
Four hours - ANS-After finishing an initial LTC coverage license in Washington, what number of
hours of persevering with education ought to a licensee take every two years so as to continue
to sell, solicit, or negotiate LTC insurance?
Four Hours - ANS-After completing an preliminary LTC insurance license in Washington, how
many hours of persevering with schooling must a licensee take each years with a purpose to
continue to promote, solicit, or negotiate LTC insurance?
401(k) or IRA - ANS-When setting up a SIMPLE, what extraordinary styles of qualified plans
should employers pick out between?
5 Years - ANS-C, an insurance manufacturer in Washington, is issuing a be aware concerning
alternative for their consumer. C need to listing any other clinical or medical insurance
guidelines sold to the applicant, consisting of both modern-day rules and rules not in force
bought within the ultimate how many years?
5 Years - ANS-C, an insurance producer in Washington, is issuing a be aware regarding
substitute for their patron. C must listing another scientific or health insurance rules sold to the
applicant, which includes both modern-day regulations and guidelines now not in force bought
inside the last what number of years?
50% - ANS-If a disabled employee is eligible for a Social Security disability blessings, his or her
partner and kids may each additionally be eligible for a advantage in the amount of ____% of
the disabled worker's gain.
, 60 - ANS-If an insurer makes a price for a declare but the insured is disenchanted with it, he/she
should wait _____ days after proof of loss earlier than he/she would possibly take any legal
movement.
60 - ANS-When finances are transferred from one certified plan to the trustee of an IRA or some
other plan, there may be a _______ day requirement.
62 - ANS-Social Security Retirement Benefits are available as early as age _______ but are
less than if paid at the total retirement age.
63 days - ANS-Medicare Supplement guidelines issued in Washington commonly have a
assured problem period of how lengthy after disenrolling in a preceding plan?
Sixty three Days - ANS-Medicare Supplement regulations issued in Washington usually have a
assured difficulty length of the way lengthy after disenrolling in a preceding plan?
Sixty five - ANS-Generally, an man or woman is eligible to join Medicare at age:
7 - ANS-Joe has a whole life coverage with a guaranteed insurability rider. He changed into 21
at the time the policy was issued. If he physical activities all of the alternatives on the ages
detailed underneath the typical rider, what number of regulations will he come to be with?
7 pay check - ANS-When a lifestyles coverage policy does no longer bypass the ______-pay
take a look at, it becomes categorised as a MEC.
Eight Hours - ANS-How tons lengthy-term tare schooling ought to producers entire before they
can solicit or sell LTC insurance in Washington?
8% in keeping with 12 months - ANS-Regarding lifestyles coverage policy loans in Washington,
a hard and fast rate hobby may not exceed how much?
A $12 co-pay for office visits and 25% co-pay for techniques - ANS-The cost-sharing provisions
of TRICARE Standard encompass:
A Certificate of Authority - ANS-What gives an insurer the authority to perform within this state?
A organization shaped solely to purchase lifestyles insurance - ANS-Which of the following is
NOT an appropriate type of organization existence coverage plan in Washington?
A announcement of excellent fitness - ANS-In the event a policy is delivered by way of an agent
to the insured, and the premium charge is to be collected on the time of this shipping, generally
what else ought to the agent gain to make the delivery whole?
Comprehensive Questions
$1,2 hundred - ANS-W has a medical insurance coverage with an 80/20 coinsurance, a $1,000
deductible. If in January W is going into the hospital for an overnight live, the invoice coming to
$2,000, what's going to W pay?
$2,500 monthly (Benefits are usually determined as a percent of the insured's modern income,
typically 60 to 70%) - ANS-An evaluation of Simon's beyond earnings famous his average
earned monthly profits to be about $4,000 monthly. The best quantity of gain that Simon will in
all likelihood be able to purchase underneath a Disability Income Policy, so that you can lessen
malingering within the occasion of a claim, is:
$3,000 - ANS-Victoria's adjusted gross income changed into $60,000. The overall fee of her
man or woman health insurance, LTC coverage, and out-of-pocket scientific fees became
$7,500. Victoria may also qualify for a deduction in the amount of ______.
$30,000 - ANS-K has a $100,000 conventional complete lifestyles policy with $30,000 of coins
values and a $10,000 mortgage excellent. What is the most extra amount she should borrow
from the policy right now?
$4,000 - ANS-Nathan is insured beneath a group disability plan which requires that he pay 1/3
of the top rate. Nathan is currently drawing a $6,000 month-to-month enjoy the plan. How much
of the $6,000 is subject to profits tax?
$four hundred - ANS-C has replica coverage with businesses X and Y ($2,000 with X and
$3,000 with Y). If C suffers a loss of $1,000, primarily based on the insurance with different
insurers provision, how an awful lot will business enterprise X need to pay out as a declare?
$five,000 - ANS-Q has a traditional whole existence policy with a $10,000 face amount, a
$five,000 coins price, and a $4,999 policy mortgage and mortgage interest great. Q will forfeit
the coverage when the policy loan reaches ________ for failing to pay loan hobby on a timely
basis.
$50,000 - ANS-Ted owns a $50,000 Whole Life Policy. At age forty seven, he makes a decision
to forestall paying rates on his policy when it has $15,000 of cash cost and exercising the
Extended Term Option. Ted's term gain will be:
,$500 - ANS-W's fee for insurance is $five according to thousand. W applies for $one
hundred,000 of coverage. What is the whole annual top rate for W's insurance?
1 - ANS-A retiree elected the Life Income with 10 Year Period Certain. He/she dies the day after
receiving 119 month-to-month bills. The beneficiary will get hold of _______ more fee(s):
10 Days - ANS-Unless the coverage turned into issued as a part of a substitute sale, a
policyowner in Washington may return the existence policy if unhappy for any reason inside how
many days after receiving the policy?
10 Days - ANS-With the exception of unmarried premium nonrenewal guidelines, all person
disability regulations in Washington have a free look duration of how long?
10% - ANS-Gloria desires to apply her annuity as a long-term savings plan in preference to as a
short-time period tax refuge, in any other case she will be able to incur a ____% penalty tax
against any taxable withdrawals previous to age fifty nine half of.
15 - ANS-The being pregnant discrimination act applies to groups with ______ or greater
employees.
150 - ANS-Hicks Corp. Wants to deploy a contributory institution plan. It employs two hundred
humans. How many personnel must participate with a view to install the plan?
2 - ANS-HIPAA laws apply to organizations of _____ or greater.
2 employees - ANS-Under an worker organization lifestyles insurance plan in Washington, what
number of employees ought to be protected at the date of trouble with the intention to be
legitimate?
2 years - ANS-In the state of Washington, for a way long is a business license valid?
20 or more employees - ANS-COBRA applies to employers with:
26 - ANS-In the kingdom of Washington, an HMO plan ought to provide the choice of overlaying
any child below the age of:
three years - ANS-According to a provision required for all existence coverage guidelines issued
in Washington, insureds can also borrow up to the cash cost of the coverage after what number
of years of complete premium charge?
30 Days - ANS-A Medicare Supplement policy issued in Washington should have a unfastened
look duration of:
,30 Days - ANS-B, a life insurance coverage holder, is overdue on their top rate bills. According
to the grace period provision, how long does B should pay their past due rates even as keeping
their coverage in pressure?
30 Days - ANS-How lengthy does the Commissioner need to verify, or deny, the manufacturer's
eligibility for an appointment after an insurer submits a request and will pay their fee?
30 Days - ANS-Under a collection lifestyles insurance coverage within the kingdom of
Washington, the demise blessings must be paid within how many days before accruing extra
interest?
30 Hours - ANS-An employee is taken into consideration full time and eligible for small
enterprise scientific fee coverage if she or he works a minimum of ________ hours according to
week.
4 hours - ANS-A man or woman need to complete a one-time path in annuity suitability before
being allowed to promote, solicit, or negotiate the sale of any annuity product in the kingdom of
Washington. How lengthy need to the course be?
Four hours - ANS-After finishing an initial LTC coverage license in Washington, what number of
hours of persevering with education ought to a licensee take every two years so as to continue
to sell, solicit, or negotiate LTC insurance?
Four Hours - ANS-After completing an preliminary LTC insurance license in Washington, how
many hours of persevering with schooling must a licensee take each years with a purpose to
continue to promote, solicit, or negotiate LTC insurance?
401(k) or IRA - ANS-When setting up a SIMPLE, what extraordinary styles of qualified plans
should employers pick out between?
5 Years - ANS-C, an insurance manufacturer in Washington, is issuing a be aware concerning
alternative for their consumer. C need to listing any other clinical or medical insurance
guidelines sold to the applicant, consisting of both modern-day rules and rules not in force
bought within the ultimate how many years?
5 Years - ANS-C, an insurance producer in Washington, is issuing a be aware regarding
substitute for their patron. C must listing another scientific or health insurance rules sold to the
applicant, which includes both modern-day regulations and guidelines now not in force bought
inside the last what number of years?
50% - ANS-If a disabled employee is eligible for a Social Security disability blessings, his or her
partner and kids may each additionally be eligible for a advantage in the amount of ____% of
the disabled worker's gain.
, 60 - ANS-If an insurer makes a price for a declare but the insured is disenchanted with it, he/she
should wait _____ days after proof of loss earlier than he/she would possibly take any legal
movement.
60 - ANS-When finances are transferred from one certified plan to the trustee of an IRA or some
other plan, there may be a _______ day requirement.
62 - ANS-Social Security Retirement Benefits are available as early as age _______ but are
less than if paid at the total retirement age.
63 days - ANS-Medicare Supplement guidelines issued in Washington commonly have a
assured problem period of how lengthy after disenrolling in a preceding plan?
Sixty three Days - ANS-Medicare Supplement regulations issued in Washington usually have a
assured difficulty length of the way lengthy after disenrolling in a preceding plan?
Sixty five - ANS-Generally, an man or woman is eligible to join Medicare at age:
7 - ANS-Joe has a whole life coverage with a guaranteed insurability rider. He changed into 21
at the time the policy was issued. If he physical activities all of the alternatives on the ages
detailed underneath the typical rider, what number of regulations will he come to be with?
7 pay check - ANS-When a lifestyles coverage policy does no longer bypass the ______-pay
take a look at, it becomes categorised as a MEC.
Eight Hours - ANS-How tons lengthy-term tare schooling ought to producers entire before they
can solicit or sell LTC insurance in Washington?
8% in keeping with 12 months - ANS-Regarding lifestyles coverage policy loans in Washington,
a hard and fast rate hobby may not exceed how much?
A $12 co-pay for office visits and 25% co-pay for techniques - ANS-The cost-sharing provisions
of TRICARE Standard encompass:
A Certificate of Authority - ANS-What gives an insurer the authority to perform within this state?
A organization shaped solely to purchase lifestyles insurance - ANS-Which of the following is
NOT an appropriate type of organization existence coverage plan in Washington?
A announcement of excellent fitness - ANS-In the event a policy is delivered by way of an agent
to the insured, and the premium charge is to be collected on the time of this shipping, generally
what else ought to the agent gain to make the delivery whole?
