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LIFE&
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299 INSURANCE
EXAM
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Beth is a surgeon who has an own-occupation disability income policy. She was injured
six months ago and has been unable to return to her practice. Her monthly benefit from
the policy is $15,000. During this time, Beth has been working part-time at a local
boutique and receives $2,000 monthly. What is her ongoing monthly benefit while she is
unable to perform her surgical duties?
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, $15,000
Which statement regarding the cash value of a whole life insurance policy is correct?
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Available to the policyowner when policy has been surrendered
Under what circumstances must an agent provide his or her business records to the
Director of Insurance?
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Upon request of the Director
An applicant for accident and health insurance has a risk factor that is similar to a majority
of the insurer's other applicants. What will be the likely outcome of this applicant?
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Issued with a standard premium rate
,Medicare will cover a maximum of how many days per benefit period in a skilled nursing
facility?
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100 days
Nonqualified distributions from a health savings account (HSA) have a tax penalty of
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20%
The reason for backdating a policy is
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to obtain a premium rate based on an earlier age
Health providers are compensated by a preferred provider organization (PPO) for
normal dental procedures by what means?
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, Decreased fee schedules
How would preventative care be encouraged in a dental plan?
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No deductible or coinsurance required on teeth cleanings
Where is the difference between a standard risk and a substandard risk demonstrated?
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premium charges
The State Guaranty Association guarantees
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that a claim will be paid if an admitted insurer becomes insolvent
The insurance coverage in a variable life insurance policy may vary based on the value of
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