ANSWERS|LATEST !!!!2026|GRADED A+| (EXAM
In which of the following must a beneficiary change request be filed in writing to the insurer
and is made effective by the insurance company recording the change in it's records A)
Designation option B) Recording method C) endorsement method D) succession of
beneficiaries. - ANSWER B) recording method
Which is the major reason why long term care insurance is becoming increasingly
important? - ANSWER As life expectancy increases, the chances if needing long term
care also increase.
The primary purpose of health reimbursement accounts (hras) is to assist -
ANSWER covered employees with the payment of medical expenses on a high
deductible plan funded through pre-tax contributions.
Which health rider would not increase the cost of the policy? - ANSWER Exclusion
rider
Which of the following requires the claim information to be submitted to the insurer prior to
treatment to determine whether the treatment is covered and how much the insured's plan
will pay? - ANSWER precertification provision
Standard nonforfeiture benefits include - ANSWER reduced paid-up insurance, cash,
and extended term
1
, Which statement regarding Medicare is false - ANSWER Part A is paid for following
your retirement.
The majority of health insurance claims are from which peril? - ANSWER sickness
Obtaining consumer information reports under false pretenses is prosecutable by which of
the following? - ANSWER Fair Credit Reporting Act (FCRA)
Which disability income rider allows policy owners to increase their policy limits over time as
their income increases without evidence of insurability? - ANSWER Guaranteed
Insurability Rider
A fraternal benefit society is one that - ANSWER provides life insurance benefits to
its members.
Which is an example of when an immediate annuity would be appropriate? -
ANSWER upon receipt of large insurance proceeds
An employee is laid off and converts a group health plan to an individual policy. In this
situation, the new policy - ANSWER premium rate will be higher than the group rate.
What would a mandatory second surgical opinion likely result in? - ANSWER Higher
premium costs
What is the primary purpose of Medicare supplement policy - ANSWER To fill in the
gaps in Medicare coverage
What types of life policy has flexible premiums while the value can fluctuate based on the
performance of investment funds? - ANSWER Variable Universal Life
2
In which of the following must a beneficiary change request be filed in writing to the insurer
and is made effective by the insurance company recording the change in it's records A)
Designation option B) Recording method C) endorsement method D) succession of
beneficiaries. - ANSWER B) recording method
Which is the major reason why long term care insurance is becoming increasingly
important? - ANSWER As life expectancy increases, the chances if needing long term
care also increase.
The primary purpose of health reimbursement accounts (hras) is to assist -
ANSWER covered employees with the payment of medical expenses on a high
deductible plan funded through pre-tax contributions.
Which health rider would not increase the cost of the policy? - ANSWER Exclusion
rider
Which of the following requires the claim information to be submitted to the insurer prior to
treatment to determine whether the treatment is covered and how much the insured's plan
will pay? - ANSWER precertification provision
Standard nonforfeiture benefits include - ANSWER reduced paid-up insurance, cash,
and extended term
1
, Which statement regarding Medicare is false - ANSWER Part A is paid for following
your retirement.
The majority of health insurance claims are from which peril? - ANSWER sickness
Obtaining consumer information reports under false pretenses is prosecutable by which of
the following? - ANSWER Fair Credit Reporting Act (FCRA)
Which disability income rider allows policy owners to increase their policy limits over time as
their income increases without evidence of insurability? - ANSWER Guaranteed
Insurability Rider
A fraternal benefit society is one that - ANSWER provides life insurance benefits to
its members.
Which is an example of when an immediate annuity would be appropriate? -
ANSWER upon receipt of large insurance proceeds
An employee is laid off and converts a group health plan to an individual policy. In this
situation, the new policy - ANSWER premium rate will be higher than the group rate.
What would a mandatory second surgical opinion likely result in? - ANSWER Higher
premium costs
What is the primary purpose of Medicare supplement policy - ANSWER To fill in the
gaps in Medicare coverage
What types of life policy has flexible premiums while the value can fluctuate based on the
performance of investment funds? - ANSWER Variable Universal Life
2
