Florida 215 Exam Questions with Correct Answers 100% Verified

Florida 215 Exam Questions with Correct Answers 100% Verified A medigap policy is a Medicare supplement insurance policy sold by private insurance companies to : - Correct Answer Fill the gaps in medicare part a and b Generally Noncontributory group health plans require what percentage of participation by eligible members ? - Correct Answer 100% Are there certain standards and procedures that must be followed in order to make reccomendations for annuity products to consumers age 65 and older? EXCEPT some facts that must be collected from the senior consumer are ? - Correct Answer Personal information, including the age and sex of the parties to the annuity and the ages and number of dependents and the applicants annual income. Which of the following ones below whole life policies provide level premiums limited to a certain time period ? - Correct Answer Limited Pay Whole Life Which of the following is an optional provision in Health Insurance ? - Correct Answer Misstatement of age. Any transaction in which new life insurance or an annuity is to be purchased and it is known, or should be known to the agent, that existing life insurance or an annuity will be amended to reduce benefits or coverage is covered under which regulation ? - Correct Answer Replacement Dollar Cost Averaging is considered : - Correct Answer An investment strategy for reducing the impact of volatilely on large purchases of financial assets such as equities. A life insurance company organized in Georgia with its home office in Kentucky is licensed to conduct business in California. In California, this company is classified as : - Correct Answer A foreign company Florida Law requires an additional lapse notice be sent for individual life contract that have been in force for at least one year and that covers persons : - Correct Answer 64 years or older A variable annuity offers a plan : - Correct Answer ( all of the above ) Based primarily on equity investments That could negate the effects of inflation To provide payments that can change monthly in dollar amount. When a life insurance policy beneficiary opts to receive interest only payments , the insurance company can pay a ___ interest rate than the pre-established minimum rate. - Correct Answer Higher