Florida Life and Health State insurance | Questions with 100 % Correct Answers | Verified

Which of the following statements about guaranteed renewable health insurance policy is correct? - Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? - Buyers guide and policy summary T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase? - Ten-year Endowment According to the time payment of claims provision, the insurer must pay disability income benefits no less frequently then which of the following options? - Monthly Which of the following is the most important factor when deciding how much disability income coverage an applicant should purchase? - Applicants monthly income Which two entitles regulate variable annuities? - Department of Financial Services; Securities Exchange Commission. The amount of coverage on a group life policy is limited to? - The insured's total loan value The provision that can be used to put on insurance policy back in force after it has lapsed due to nonpayment is called? - Reinstatement Which product would best serve a retired individual looking to invest a lump-sum of money through an insurance company? - Annuity According to Florida law, a group life insurance policy requires a minimum how many insureds? - No minimum