South Carolina Ins Exam Part 4 Questions & Answers 100% Accurate

What does the word "level" in Level Term describe? - ANSWER-The face amount A Roth IRA owner must be at least what age in order to make tax-free withdrawals? - ANSWER-59 1/2 and owned account for a minimum of 5 years A Medicare Supplement basic benefit is - ANSWER-The first 3 pints of blood per year Type of policy where the insurer can send a notice to the insured that the policy has been canceled in the middle of the term is called - ANSWER-Cancelable Which of these will typically authorize treatment from a specialist? - ANSWER-Gatekeeper Intentional withholding of material facts that would affect and insurance policy's of validity is called a(n) - ANSWER-Concealment A clause that allows an insurer the right to terminate coverage at any anniversary date is called a(n) - ANSWER-Optional renewability clause In a Long-Term Care policy, activities of daily living (ADL's) can be each of the following EXCEPT - ANSWER-Talking The type of policy which pays on the death of the last person is called - ANSWER-Survivorship life Which type of plan would be most appropriate for an individual on Medicare and is concerned that Medicare will NOT pay for changes exceeding the approved amount? - ANSWER-Medicare supplement Plan F