PA HEALTH, LIFE AND ACCIDENT INSURANCE EXAM PART 2 2024

Which of the following is considered to be an alternative to a life settlement? - ANSWER ☑☑Accelerated death benefit rider The document that describes policy features, benefits, exclusions, and riders in Long-Term Care policy is known as - ANSWER ☑☑Outline of Coverage No Long-Term care may exclude pre-existing conditions for a period of more than - ANSWER ☑☑6 months The cause of a loss is referred to as - ANSWER ☑☑Peril Which of the following is NOT eligible dependent on an Accident and Health policy? - ANSWER ☑☑27 year old married child Claims payable to a Disability Income insured, even when the insured can continue to work, are the result of a - ANSWER ☑☑Presumptive disability Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called - ANSWER ☑☑Annuity Certain