Alabama Lifev& Health Insurance Exam 2024 Expected Questions and Answers (Verified by Expert)

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Expected Questions and Answers v v v v




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1. Which welfare program provides assistance to the needy? ANS Medicaid
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2. Barbara has the right to change the beneficiary designation on her lifeinsurance po
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licy. Barbara's beneficiary is a(n) ANS revocable beneficiary
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3. Within how many calendar days must all clean electronic health insuranceclaims be pai
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d in Alabama? ANS 30
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4. Which type of term policy allows the policyowner to switch to permanentinsurance? A
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NS Convertible term
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5. What does renewable term guarantee? ANS The insured's insurability
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6. If an insured commits suicide, a life insurance policy's face amount will bepaid only afte
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r the policy has been in force for at least ANS two years
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,7. Which of the following statements concerning a life insurance policy isTRUE? ANS A
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n issued policy can never be changed by a producer
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8. The proceeds of a life insurance policy can be paid in a form other than alump-
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sum payment.These forms of payment are called ANS settlement options
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9. The withholding of facts in an insurance application is called ANS concealment
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10. A licensed Alabama insurance producer would NOT be disciplined by theCommission
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er of Insurance for ANS being convicted of a misdemeanor
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11. The option to convert term life insurance to a permanent form of coveragecan normally
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be executed ANS without proof of insurability
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12. Which type of life insurance rider allows a policyowner to increase the levelof coverage to
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keep up with inflation? ANS cost of living rider
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13. What is the minimum age requirement for a minor in Alabama to purchasea life insuran
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ce policy? ANS 15
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14. Which of the following best describes a Health Maintenance Organization(HMO)? AN
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S Provides full medical services that stress preventative medicine
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15. Medicare Advantage (Medicare Part C) allows the utilization of benefitsthrough a(n
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, ) ANS HMO, PPO, or traditional insurer
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16. Pat the producer just sold an insurance policy to a client, explaining that hehas authority t
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o issue the policy. Pat was not specifically granted this powerfrom the insurance company
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. Pat is exercising ANS implied authority
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17. A disability policy that must be renewed, cannot be cancelled until age 65,and may not
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have an increase in premium for any reason is called a(n) ANS non-cancellable policy
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18. Benefits under a health insurance policy may (with the insured's writtenrequest) be p
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ayable to ANS a hospital, physician, or surgeon
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19. Bart is injured and provides notice of a health claim to his insurer. He laterreceives the re
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quired claims forms. Within how many days of the loss must Bart file proof of loss with the
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insurance company? ANS 90 v v v




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