ALABAMA INSURANCE TEST QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED

Which welfare program provides assistance to the needy? - Answer-Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): - Answer-revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? - Answer-30 Which type of term policy allows the policyowner to switch to permanent insurance? - AnswerConvertible term What does renewable term guarantee? - Answer-The insured's insurability If an insured commits suicide, a life insurance policy's face amount will be paid only after the policy has been in force for at least: - Answer-two years Which of the following statements concerning a life insurance policy is TRUE? - Answer-An issued policy can never be changed by a producer The proceeds of a life insurance policy can be paid in a form other than a lump-sum payment. These forms of payment are called: - Answer-settlement options The withholding of facts in an insurance application is called: - Answer-concealment A licensed Alabama insurance producer would NOT be disciplined by the Commissioner of Insurance for: - Answer-being convicted of a misdemeanor The option to convert term life insurance to a permanent form of coverage can normally be executed: - Answer-without proof of insurability Which type of life insurance rider allows a policyowner to increase the level of coverage to keep up with inflation? - Answer-cost of living riderWhat is the minimum age requirement for a minor in Alabama to purchase a life insurance policy? - Answer-15 Which of the following best describes a Health Maintenance Organization (HMO)? - Answer-Provides full medical services that stress preventative medicine Medicare Advantage (Medicare Part C) allows the utilization of benefits through a(n): - AnswerHMO, PPO, or traditional insurer