Louisiana Life and Health Insurance exam 2023 with 100% correct answers

All of the following long-term care coverages would allow an insured to receive care at home EXCEPT a. Skilled Care b. Custodial care in insured's house c. Respite care d. Home health care - correct answer -a. What is the purpose of a suicide provision within a life insurance policy? - correct answer -To protect the insurer from persons who purchase life insurance with the intention of committing suicide Which of the following is not true of Disability Buy-Sell coverage ? a. it is typically written to cover partners or corporate officers of a closely held business b. Premium payments are not deductible to the business c. the policies provide funds for the business organization to purchase the business interest of a disabled partner d. Benefits are considered taxable income to the business - correct answer -Benefits are considered taxable income to the business All of the following statements about equity index annuities are correct EXCEPT a. They invest on a more aggressive basis aiming for higher returns b. The annuitant receives a fixed amount of return c. They have a guaranteed minimum interest rate d. The interest rate is tied to an index such as the Standard & Poor's 500 - correct answer -b Which of the following would not be a violation of Louisiana insurance regulations? a. Producer D collects premiums due on policies and deposits the funds in his own personal account b. Producer A uses er license to write only insurance for herself and her immediate family c. Producer B changes his clients, in addition to the premium, a consulting fee d. Producer C uses her license to write uncontrolled business - correct answer -d The policy owner wants to make sure that upon his death, the life policy will pay a portion of the proceeds annually to his spouse, but that the principal will be paid to their children when they reach a certain age. What settlement option should the policy owner choose? - correct answer -interest only option What is the purpose of the rehabilitation benefit in disability insurance? - correct answer -To cover the expenses of retaining the insured to return to work When a group health insurance plan is terminated, how long is an extension of benefits provided for any totally d