Arizona Health/Life Insurance Exam Questions & Answers 100% Correct!!

Which element of a contract constitutes a definite and unqualified proposal by one party to another? - ANSWEROffer Skilled nursing facility expenses are sometimes covered by ___________, but ONLY if the insured was hospitalized prior to entering the facility. - ANSWERMedicare Disability income policies provide protection for which of the following? - ANSWEREconomic Death Christine is receiving benefits provided from her disability income insurance. As compared to her previous earnings, the disability benefits should be - ANSWERSomewhat less What is normally the consequence for NOT obtaining preadmission certification prior to receiving inpatient medical care? - ANSWERA reduction in benefits Under the law of agency, the principal is considered to be - ANSWERThe insurer Which of these is not considered the responsibility of a producer during the underwriting process? - ANSWERSelecting the final approval date Which of the following statements is TRUE if the owner of an IRA names their spouse as beneficiary, but then dies before any distributions are made? - ANSWERThe account can be rolled into the surviving spouse's IRA What is the maximum number of employees (earning at least $5,000) that an employer can have in order to start a SIMPLE retirement plan? - ANSWER100 A signed good health statement may be requested by a life producer at the time of ____________ - ANSWERPolicy delivery