ARIZONA LIFE AND HEALTH INSURANCE FINAL
TEST QUESTIONS AND 100% VERIFIED
ANSWERS GRADED A+
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-somewhat less
An insurance company may delay the payment of the cash value of a surrendered
whole life insurance policy for up to - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-6 month
A life insurance policyowner would like a dividend option that results in a limited
current outlay of funds. Which dividend option would be choosing? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Reduction of premium
payment
,When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-The producer and the applicant
Security laws passed by Congress are enforced by which Federal agency? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Security and Exchange
Commission (SEC)
The principal source of info concerning an applicants identity, age, and marital
status is found in the - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-
Completed application
What determines how much an annuitant is paid for a variable annuity? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-The market value
fluctuations of the securities backing it
An individual, age 45, would like to help pay for his daughters college expense in
10 years. Which annuity would be appropriate for this individual? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Deferred annuity
A preferred provider plan and an indemnity plan are similar in what way? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Both pay on a fee-for-
service basis
Qualified long-term care premiums are treated for tax purposes as -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-tax-deductible to the
extent they exceed 7 1/2% AGI
,Which of the following is considered a limited accident and health plan -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Cancer plan
How long do most states allow an insurance company to delay the payment of a
cash surrender under the Delayed Payment provision? - {✔✔RESOLUTION
RESULT VERIFIED ANSWERS✔✔}-6
months
When compared to a fix annuity, a variable annuity has what distinguishing
feature? - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Investment
risk is assumed by the purchaser
According to the Affordable Care Act (ACA), the proportion of premium revenues
spent on clinical services and quality improvements is called the -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Medical Loss Ratio
I'm the event of premium default, which life insurance provision will use the cash
value to keep the policy in force? - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-Automatic premium loan
In most dental plans, a deductible typically is NOT applied to -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-preventative and
diagnostic services Kelly purchases a health insurance policy issued on a
conditionally renewable basis. The insurance company has a right to refuse
renewal of the policy for - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-specific reasons stated in the contract
, An individual currently owns a long-term care policy. At the time of application for
similar coverage, which item must be signed by the applicant and retained by the
insurer? - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Replacement
notice
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) - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Single
Premium Deferred Annuity
A Medicare supplement policy is required to do which of the following? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Provide a 30 day free-
look period
Tim is in need of surgery. Before being hospitalized, he is referred to an
outpatient clinic for diagnostic tests. What is this an example of? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-pre-admission testing
A retired couple would like to maximize the income derived from their combined
life savings and have it payable until they both die. Which annuity would be their
best choice? - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Joint and
survivor annuity
At what point are death proceeds paid in a joint life insurance policy? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-When the first insured
did
TEST QUESTIONS AND 100% VERIFIED
ANSWERS GRADED A+
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-somewhat less
An insurance company may delay the payment of the cash value of a surrendered
whole life insurance policy for up to - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-6 month
A life insurance policyowner would like a dividend option that results in a limited
current outlay of funds. Which dividend option would be choosing? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Reduction of premium
payment
,When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-The producer and the applicant
Security laws passed by Congress are enforced by which Federal agency? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Security and Exchange
Commission (SEC)
The principal source of info concerning an applicants identity, age, and marital
status is found in the - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-
Completed application
What determines how much an annuitant is paid for a variable annuity? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-The market value
fluctuations of the securities backing it
An individual, age 45, would like to help pay for his daughters college expense in
10 years. Which annuity would be appropriate for this individual? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Deferred annuity
A preferred provider plan and an indemnity plan are similar in what way? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Both pay on a fee-for-
service basis
Qualified long-term care premiums are treated for tax purposes as -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-tax-deductible to the
extent they exceed 7 1/2% AGI
,Which of the following is considered a limited accident and health plan -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Cancer plan
How long do most states allow an insurance company to delay the payment of a
cash surrender under the Delayed Payment provision? - {✔✔RESOLUTION
RESULT VERIFIED ANSWERS✔✔}-6
months
When compared to a fix annuity, a variable annuity has what distinguishing
feature? - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Investment
risk is assumed by the purchaser
According to the Affordable Care Act (ACA), the proportion of premium revenues
spent on clinical services and quality improvements is called the -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Medical Loss Ratio
I'm the event of premium default, which life insurance provision will use the cash
value to keep the policy in force? - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-Automatic premium loan
In most dental plans, a deductible typically is NOT applied to -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-preventative and
diagnostic services Kelly purchases a health insurance policy issued on a
conditionally renewable basis. The insurance company has a right to refuse
renewal of the policy for - {✔✔RESOLUTION RESULT VERIFIED
ANSWERS✔✔}-specific reasons stated in the contract
, An individual currently owns a long-term care policy. At the time of application for
similar coverage, which item must be signed by the applicant and retained by the
insurer? - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Replacement
notice
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) - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Single
Premium Deferred Annuity
A Medicare supplement policy is required to do which of the following? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Provide a 30 day free-
look period
Tim is in need of surgery. Before being hospitalized, he is referred to an
outpatient clinic for diagnostic tests. What is this an example of? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-pre-admission testing
A retired couple would like to maximize the income derived from their combined
life savings and have it payable until they both die. Which annuity would be their
best choice? - {✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-Joint and
survivor annuity
At what point are death proceeds paid in a joint life insurance policy? -
{✔✔RESOLUTION RESULT VERIFIED ANSWERS✔✔}-When the first insured
did
