CT Life & Health Insurance Exam Questions with correct answer 2024/2025

CT Life & Health Insurance Exam Questions with correct answer 2024/2025 Laura added a children's rider to her life insurance policy. What type of coverage was added? - Correct Answer Level term With life insurance, the needs approach is used primarily in determining - Correct Answer How much life insurance a client should apply for A(n) __________ is a licensee who charges a fee for contracted insurance advisory services. - Correct Answer Consultant Jonas is covered with disability insurance through his employer. The employer pays 75% of the premium, while Jonas pays the other 25%. What is Jonas' tax liability for any benefits paid from the disability plan? - Correct Answer Taxes must be paid on 75% of the benefits received The Commissioner is empowered to perform each of the following acts EXCEPT - Correct Answer Makes rules that are consistent with those of neighboring states (Monitor insurer solvency, make rules and regulations that are consistent with the laws of CT, monitor insurer premium rates) How are the premiums for an individually-owned disability income policy treated for tax purposes? - Correct Answer Not tax-deductible at all Scott has a life insurance policy in which the dividends are left with the insurance company. This particular policy may be paid up when the cash value plus accumulated dividends - Correct Answer Equal the net single premium for the same face amount at the insured's attained age Which of these is NOT a standard provision in qualified long-term care policies sold in Connecticut? - Correct Answer Prior hospitalization (30-day free look period, guaranteed renewability, provide minimum coverage for 12 consecutive months) Accident and health insurance claim handling is made more convenient to the insured by utilizing - Correct Answer Assignment of benefits Specialty care is provided by which of the following health maintenance organization (HMO) providers? - Correct Answer Neurologist