ARIZONA LIFE AND HEALTH FINAL EXAM 2024

ARIZONA LIFE AND HEALTH FINAL EXAM 2024 WITH 100% CORRECT ANSWERS Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? - correct answer Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? - correct answer Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this transaction be treated for tax purposes? - correct answer As a section 1035 exchange Which of these is NOT a common life insurance nonforfeiture option? - correct answer Life income annuity Linda is covered with long-term care insurance and has early-stage Alzheimer's. She is still able to reside in her home while receiving primary care, as opposed to moving into a nursing home. All of the following long-term benefits encourage home health care EXCEPT? - correct answer Custodial Care An accident and health insurer has just received written proof of loss from one of its insurers. The insured must now wait 60 days before? - correct answer Bringing legal action against the insurer Health care costs can be better controlled by utilizing pre-admission testing. Pre-admission testing can reduce the? - correct answer Length of hospitalization