Connecticut life and health Questions and Correct Answers | Latest Update

An agent's authority to bind an insurer to an insurance contract may be granted in the  agent's contract and the insurance company's appointment Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate?  The premium to purchase the coverage comes from the policy's cash value Which of theses is not a standard provision in qualified long-term care policies sold in Connecticut?  Prior hospitalization A family counseling benefit is typically offered under which of these coverages?  hospice care An insured's statement of a policy's benefits which is to be used in marketing materials is called a  Testimony Tina is insured under a business overhead expense insurance policy. Which of the following would be covered if she were to become disabled?  Business property rental expense for inquiry mail me @ Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025 An annuitant is paid $495 per month until the contract value is exhausted at some undetermined date in the future. Which type of annuity payout option is this?  Fixed amount Which of the following is true regarding a person receiving a waiver of premium benefit?  The insured must be disabled for a period of time Elimination periods typically apply to  Disability policies What could be the potential result of taking out a cash value loan under a life insurance policy?  Reduces the amount receivable upon surrender of the contract Laura has an employer-based preventative health care plan that focuses on an enrollee's problems, such as drug abuse or stress. These plans are called  wellness programs How long do most states allow an insurance company to delay the payment of a cash surrender under the Delayed Payment provision?  6 months Non-occasional disability coverage is designed for  Employees who suffer non-work related disabilities, since work -related disability are covered by workers compensation for inquiry mail me @ Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025 Home health care benefits typically do NOT include coverage for  prescription medication A guaranteed renewable provision allows  premiums which can only be increased per rate class Which of the following is NOT covered by a comprehensive long-term care policy?  acute care Which statement concerning an adjustable life insurance policy is false?  Evidence of insurability is required when there is a change in premium Which of the following is the best candidate for a temporary insurance license?  The executor of the estate of a deceased licensed producer Alan is an enrollee of a health maintenance organization (HMO) which uses a gatekeeper system. If there ever comes a time when he needs emergency health services, what should he do? A. Receive permission from the primary physician to begin treatment B. Call the HMO to verify coverage C. Proceed to the nearest emergency room D. Contact the HMO for a listing of approved providers  C. Proceed to th