NEBRASKA LIFE AND HEALTH INSURANCE EXAM PT. E
EXAM QUESTIONS AND ANSWERS LATEST UPDATE
2024/2025 ALL ANSWERS 100% CORRECT VERIFIED
BEST GRADED A+ FOR SUCCESS
The beneficiary of a life insurance policy is normally selected by whom? -
CORRECT ANSWERS Policyowner
Which of the following is NOT included as a hospice benefit under a major
medical plan? - CORRECT ANSWERS rehabilitation
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance.
No further payments are permitted and the income stream begins in 15 years.
This contract is a(n) - CORRECT ANSWERS Single premium deferred annuity
Which of the following statements is TRUE if the owner of an IRA names their
spouse as a beneficiary, but then dies before any distributions are made? -
CORRECT ANSWERS The account can be rolled into the surviving spouse's IRA
During the liquidation phase of an annuity contract, to whom are the income
benefits, normally payable to? - CORRECT ANSWERS Annuitant
Death proceeds for a life insurance policy are typically included in a decreased
insured's gross estate - CORRECT ANSWERS For federal income tax reasons
Which life insurance clause prohibits an insurance company from questioning
the validity of the contract after a state period of time has passed? - CORRECT
ANSWERS Incontestable clause
According to ERISA regulations, a Summary Plan Description must be provided
to a new plan member within ___ days of the member's eligibility date. -
CORRECT ANSWERS 90
, NEBRASKA LIFE AND HEALTH INSURANCE EXAM PT. E
EXAM QUESTIONS AND ANSWERS LATEST UPDATE
2024/2025 ALL ANSWERS 100% CORRECT VERIFIED
BEST GRADED A+ FOR SUCCESS
Fee-for-service is a method of administrating health insurance benefits in
which - CORRECT ANSWERS The cost of each service is scheduled
In Nebraska, false advertising is an example of - CORRECT ANSWERS
Misrepresentation
Which renewal provision must ALL Medicare supplement policies include? -
CORRECT ANSWERS Guaranteed renewable
When does the owner's contractual rights begin under an individual annuity
contract? - CORRECT ANSWERS Time of purchase
Which of the following does TRI-CARE provide accident and health coverage
to? - CORRECT ANSWERS Military families
The automatic premium loan provision can be accurately described as a -
CORRECT ANSWERS provision that provides a policy loan to pay any premiums
by the end of the grace period
An advantage of owning a flexible, premium life insurance policy would be -
CORRECT ANSWERS The policyowner can make policy changes without
difficulty
Part A Medicare includes coverage for all of the following services EXCEPT -
CORRECT ANSWERS 120 days of Skilled Nursing Facility care
EXAM QUESTIONS AND ANSWERS LATEST UPDATE
2024/2025 ALL ANSWERS 100% CORRECT VERIFIED
BEST GRADED A+ FOR SUCCESS
The beneficiary of a life insurance policy is normally selected by whom? -
CORRECT ANSWERS Policyowner
Which of the following is NOT included as a hospice benefit under a major
medical plan? - CORRECT ANSWERS rehabilitation
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance.
No further payments are permitted and the income stream begins in 15 years.
This contract is a(n) - CORRECT ANSWERS Single premium deferred annuity
Which of the following statements is TRUE if the owner of an IRA names their
spouse as a beneficiary, but then dies before any distributions are made? -
CORRECT ANSWERS The account can be rolled into the surviving spouse's IRA
During the liquidation phase of an annuity contract, to whom are the income
benefits, normally payable to? - CORRECT ANSWERS Annuitant
Death proceeds for a life insurance policy are typically included in a decreased
insured's gross estate - CORRECT ANSWERS For federal income tax reasons
Which life insurance clause prohibits an insurance company from questioning
the validity of the contract after a state period of time has passed? - CORRECT
ANSWERS Incontestable clause
According to ERISA regulations, a Summary Plan Description must be provided
to a new plan member within ___ days of the member's eligibility date. -
CORRECT ANSWERS 90
, NEBRASKA LIFE AND HEALTH INSURANCE EXAM PT. E
EXAM QUESTIONS AND ANSWERS LATEST UPDATE
2024/2025 ALL ANSWERS 100% CORRECT VERIFIED
BEST GRADED A+ FOR SUCCESS
Fee-for-service is a method of administrating health insurance benefits in
which - CORRECT ANSWERS The cost of each service is scheduled
In Nebraska, false advertising is an example of - CORRECT ANSWERS
Misrepresentation
Which renewal provision must ALL Medicare supplement policies include? -
CORRECT ANSWERS Guaranteed renewable
When does the owner's contractual rights begin under an individual annuity
contract? - CORRECT ANSWERS Time of purchase
Which of the following does TRI-CARE provide accident and health coverage
to? - CORRECT ANSWERS Military families
The automatic premium loan provision can be accurately described as a -
CORRECT ANSWERS provision that provides a policy loan to pay any premiums
by the end of the grace period
An advantage of owning a flexible, premium life insurance policy would be -
CORRECT ANSWERS The policyowner can make policy changes without
difficulty
Part A Medicare includes coverage for all of the following services EXCEPT -
CORRECT ANSWERS 120 days of Skilled Nursing Facility care
