NEVADA LIFE, LATEST
ACCIDENT, HEALTH
INSURANCE EXAM
When an annuity is written, whose life expectancy is taken into account?
- ANSWERS-Annuitant
Which of the following statements is true concerning the accidental
death rider - ANSWERS-It will pay double or triple the face amount
Life income joint and survivor settlement option guarantees -
ANSWERS-income for 2 or more recipients until they die
Which two terms are associated directly with the premium? -
ANSWERS-level or flexible
An insured owns a $50,000 whole life policy. At age 47, the insured
decides to cancel his policy and exercise the extended term option for
the policy's cash value, which is currently $20,000. What would be the
face amount of the new term policy? - ANSWERS-$50,000
Which of the following statements is NOT correct concerning the
COBRA Act of 1985? - ANSWERS-It requires all employers, regardless
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PAGE
1
, NEVADA LIFE, LATEST
ACCIDENT, HEALTH
INSURANCE EXAM
of the number or age of employees, to provide extended group health
coverage
Which of the following entities can legally bind coverage? -
ANSWERS-Insurer
Which provision of a life insurance policy states the insurers duty to pay
benefits upon the death of the insured, and to whom the benefits will be
paid? - ANSWERS-Insuring clause
Which of the following products will protect an individual from
outliving his or her money? - ANSWERS-Annuity
An insured and his wife are both involved in a head-on collision. The
husband dies instantly, and the wife dies 15 days later. The company
pays the death benefit to the estate of the insured. This indicates that the
life insurance policy had what provision? - ANSWERS-Common
disaster
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PAGE
2
ACCIDENT, HEALTH
INSURANCE EXAM
When an annuity is written, whose life expectancy is taken into account?
- ANSWERS-Annuitant
Which of the following statements is true concerning the accidental
death rider - ANSWERS-It will pay double or triple the face amount
Life income joint and survivor settlement option guarantees -
ANSWERS-income for 2 or more recipients until they die
Which two terms are associated directly with the premium? -
ANSWERS-level or flexible
An insured owns a $50,000 whole life policy. At age 47, the insured
decides to cancel his policy and exercise the extended term option for
the policy's cash value, which is currently $20,000. What would be the
face amount of the new term policy? - ANSWERS-$50,000
Which of the following statements is NOT correct concerning the
COBRA Act of 1985? - ANSWERS-It requires all employers, regardless
END OF
PAGE
1
, NEVADA LIFE, LATEST
ACCIDENT, HEALTH
INSURANCE EXAM
of the number or age of employees, to provide extended group health
coverage
Which of the following entities can legally bind coverage? -
ANSWERS-Insurer
Which provision of a life insurance policy states the insurers duty to pay
benefits upon the death of the insured, and to whom the benefits will be
paid? - ANSWERS-Insuring clause
Which of the following products will protect an individual from
outliving his or her money? - ANSWERS-Annuity
An insured and his wife are both involved in a head-on collision. The
husband dies instantly, and the wife dies 15 days later. The company
pays the death benefit to the estate of the insured. This indicates that the
life insurance policy had what provision? - ANSWERS-Common
disaster
END OF
PAGE
2
