Final exam-Virginia life and Health questions and answers 100% guaranteed success

Final exam-Virginia life and Health questions and answers 100% guaranteed success. Insurable inter in one's own life is legally considered as - correct answers.Generally unlimited Where dose the primary funding for medical part A come from? - correct answers.Federal payroll and self employment taxes What would be a valid reason for naming a trust as the beneficiary of a life insurance policy as opposed to naming an individual? - correct answers.Management of proceeds would be provided Virginia requires that an agent must complete___ hours of continuing education on the subject of ethics every reporting. - correct answers.3 hours According to the needs approach, an emergency reserve fund's primary purpose is to - correct the cost of unexpected expenses Which of the following provisions allows an insured or the insurer to terminate the policy - correct answers.Cancelable provision How much is normally paid to a policyowner in a life (viatical) settlement? - correct answers.Less than the death benefit For purposes of disability income insurance, earned income would include all of the following EXCEPT - correct answers.Dividends (Salary, commissions, bonus) Which type of group plan is excluded from HIPAA rules? - correct answers.Disability Income How does a continuous premium whole life policy differ from a limited payment while life policy? - correct answers.The time period in which premiums will be paid COBRA extends coverage for a surviving spouse but at a rate not more than _____ of the group premium. - correct answers.102% Which of the following approves continuing education courses for credit in Virginia? - correct answers.St