Life, Accident and Health Final Exam Questions with complete solutions

Which of the following provides benefits for the treatment of gum disease? A. Endodontics B. Orthodontics C. Periodontics D. Prosthodontics - ANSWER-C. Periodontics The Insured and primary beneficiary die in a common accident. The insured dies at the scene and the beneficiary dies thirty six days later. To whom is the $250k death benefit paid? A. The State Department of Revenue B. The Contingent Beneficiary C. The tertiary beneficiary D. The primary beneficiary's estate - ANSWER-D. The primary beneficiary's estate A Sole proprietor can now deduct what percentage of his or her personal health insurance premiums? A. 0.5 B. 0.6 C. 0.75 D. 1 - ANSWER-D. 1 In all of the following situations the 10% premature distribution penalty is waived, EXCEPT: A. if the participant dies B. If they reach the age of 59 C. If they are disabled D. if they suffer a financial hardship - ANSWER-B. If they turn 59