NYS Life, accident, and health insurance Exam Questions with verified Answers

NYS Life, accident, and health insurance Exam Questions with verified Answers Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death? How many days notice does the ACA require insurers to give before rescinding coverage? A signed good health statement may be requested by a life producer at the time of Carol purchases a whole life policy that provides a choice of dividend options. This policy is required to include a statement that the dividends are Tim is confined to a nursing home but doesn't have a terminal illness. Which life insurance rider is designed to help pay for this type of expense? An insured is covered under a group long-term disability policy. Under this type of policy, the definition of disability based on any occupation typically applies 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) Which of these is NOT a factor that influences group health insurance underwriting? What is the grace period required for an individual accident and health insurance policy with monthly premiums? In regards to technology and the ACA, which of the following statements is correct? Insurable interest involves what assumption? Which of these policies is considered a whole life policy? Which of the following would be considered an unfair claims settlement practice? A policyowner is permitted to take out a policy loan on a whole life policy at what point?