Washington State Life & Health
Comprehensive Questions
$1,200 - ANS-W has a health insurance policy with an 80/20 coinsurance, a $1,000 deductible.
If in January W goes into the clinic for an in a single day live, the bill coming to $2,000, what will
W pay?
$2,500 month-to-month (Benefits are generally determined as a percentage of the insured's
current earnings, typically 60 to 70%) - ANS-An evaluation of Simon's beyond income
well-knownshows his common earned month-to-month income to be about $4,000
month-to-month. The greatest quantity of advantage that Simon will in all likelihood be able to
purchase under a Disability Income Policy, with a view to reduce malingering within the event of
a declare, is:
$three,000 - ANS-Victoria's adjusted gross income become $60,000. The overall cost of her
individual medical insurance, LTC insurance, and out-of-pocket scientific fees became $7,500.
Victoria may additionally qualify for a deduction in the amount of ______.
$30,000 - ANS-K has a $100,000 traditional entire life coverage with $30,000 of cash values
and a $10,000 mortgage high-quality. What is the maximum additional amount she may want to
borrow from the coverage at this time?
$4,000 - ANS-Nathan is insured below a set disability plan which calls for that he pay 1/3 of the
top class. Nathan is currently drawing a $6,000 monthly benefit from the plan. How a good deal
of the $6,000 is problem to earnings tax?
$four hundred - ANS-C has replica coverage with agencies X and Y ($2,000 with X and $3,000
with Y). If C suffers a loss of $1,000, based on the coverage with other insurers provision, how
lots will enterprise X have to pay out as a claim?
$five,000 - ANS-Q has a traditional entire existence coverage with a $10,000 face amount, a
$5,000 cash fee, and a $4,999 coverage mortgage and mortgage hobby splendid. Q will forfeit
the coverage when the coverage mortgage reaches ________ for failing to pay mortgage
interest on a well timed basis.
$50,000 - ANS-Ted owns a $50,000 Whole Life Policy. At age forty seven, he decides to prevent
paying rates on his coverage while it has $15,000 of cash price and exercising the Extended
Term Option. Ted's term benefit might be:
,$500 - ANS-W's fee for insurance is $5 consistent with thousand. W applies for $a hundred,000
of insurance. What is the entire annual top class for W's insurance?
1 - ANS-A retiree elected the Life Income with 10 Year Period Certain. He/she dies the day after
receiving 119 month-to-month bills. The beneficiary will get hold of _______ more price(s):
10 Days - ANS-Unless the policy turned into issued as part of a substitute sale, a policyowner in
Washington can also return the existence policy if unsatisfied for any cause within what number
of days after receiving the coverage?
10 Days - ANS-With the exception of unmarried premium nonrenewal rules, all character
incapacity rules in Washington have a free appearance period of ways lengthy?
10% - ANS-Gloria needs to use her annuity as a long-term financial savings plan instead of as a
short-time period tax shelter, otherwise she will incur a ____% penalty tax against any taxable
withdrawals prior to age 59 half.
15 - ANS-The pregnancy discrimination act applies to groups with ______ or greater
employees.
150 - ANS-Hicks Corp. Desires to deploy a contributory organization plan. It employs 2 hundred
people. How many employees must take part in an effort to install the plan?
2 - ANS-HIPAA laws apply to companies of _____ or extra.
2 employees - ANS-Under an worker institution lifestyles insurance plan in Washington, what
number of employees must be protected on the date of trouble so as to be valid?
2 years - ANS-In the nation of Washington, for a way long is a business license legitimate?
20 or extra employees - ANS-COBRA applies to employers with:
26 - ANS-In the kingdom of Washington, an HMO plan need to provide the choice of overlaying
any child underneath the age of:
3 years - ANS-According to a provision required for all lifestyles insurance policies issued in
Washington, insureds may additionally borrow as much as the cash value of the policy after how
many years of complete top class charge?
30 Days - ANS-A Medicare Supplement policy issued in Washington should have a loose
appearance period of:
,30 Days - ANS-B, a existence insurance policy holder, is late on their top rate bills. According to
the grace duration provision, how lengthy does B need to pay their overdue rates whilst keeping
their policy in pressure?
30 Days - ANS-How lengthy does the Commissioner ought to affirm, or deny, the producer's
eligibility for an appointment after an insurer submits a request and pays their price?
30 Days - ANS-Under a group life insurance policy inside the country of Washington, the demise
advantages should be paid within what number of days earlier than accruing extra hobby?
30 Hours - ANS-An worker is taken into consideration complete time and eligible for small
employer scientific expense coverage if he or she works at the very least ________ hours
according to week.
4 hours - ANS-A individual have to complete a one-time direction in annuity suitability earlier
than being allowed to sell, solicit, or negotiate the sale of any annuity product in the state of
Washington. How long have to the route be?
Four hours - ANS-After finishing an initial LTC coverage license in Washington, how many hours
of persevering with education should a licensee take each two years for you to continue to sell,
solicit, or negotiate LTC insurance?
4 Hours - ANS-After finishing an preliminary LTC insurance license in Washington, how many
hours of continuing education ought to a licensee take each years with a view to hold to sell,
solicit, or negotiate LTC insurance?
401(ok) or IRA - ANS-When organising a SIMPLE, what two one-of-a-kind varieties of certified
plans have to employers choose among?
5 Years - ANS-C, an coverage producer in Washington, is issuing a word concerning substitute
for his or her purchaser. C must listing another medical or medical health insurance regulations
sold to the applicant, including each current guidelines and rules not in pressure offered in the
last what number of years?
5 Years - ANS-C, an insurance manufacturer in Washington, is issuing a observe regarding
substitute for their consumer. C have to listing some other medical or health insurance
guidelines offered to the applicant, which includes both modern-day rules and regulations not in
force bought in the remaining what number of years?
50% - ANS-If a disabled employee is eligible for a Social Security incapacity blessings, his or
her spouse and kids may also each additionally be eligible for a advantage in the quantity of
____% of the disabled employee's gain.
, 60 - ANS-If an insurer makes a payment for a declare however the insured is dissatisfied with it,
he/she should wait _____ days after proof of loss earlier than he/she might take any felony
movement.
60 - ANS-When budget are transferred from one qualified plan to the trustee of an IRA or every
other plan, there is a _______ day requirement.
Sixty two - ANS-Social Security Retirement Benefits are to be had as early as age _______ but
are much less than if paid at the full retirement age.
63 days - ANS-Medicare Supplement policies issued in Washington commonly have a assured
problem duration of how lengthy after disenrolling in a preceding plan?
63 Days - ANS-Medicare Supplement rules issued in Washington generally have a assured
difficulty duration of how long after disenrolling in a previous plan?
65 - ANS-Generally, an individual is eligible to sign up for Medicare at age:
7 - ANS-Joe has an entire life policy with a guaranteed insurability rider. He become 21 at the
time the coverage turned into issued. If he sporting activities all of the alternatives on the a long
time certain beneath the everyday rider, what number of regulations will he end up with?
7 pay take a look at - ANS-When a life insurance policy does no longer skip the ______-pay
test, it will become classified as a MEC.
Eight Hours - ANS-How a good deal lengthy-time period tare education must producers whole
earlier than they could solicit or sell LTC coverage in Washington?
Eight% in line with year - ANS-Regarding lifestyles insurance coverage loans in Washington, a
hard and fast rate hobby might not exceed how a great deal?
A $12 co-pay for office visits and 25% co-pay for tactics - ANS-The fee-sharing provisions of
TRICARE Standard include:
A Certificate of Authority - ANS-What offers an insurer the authority to function within this
nation?
A group shaped entirely to purchase life insurance - ANS-Which of the subsequent is NOT a
suitable form of institution lifestyles insurance plan in Washington?
A statement of precise fitness - ANS-In the event a policy is brought with the aid of an agent to
the insured, and the premium price is to be accrued at the time of this delivery, generally what
else have to the agent gain to make the delivery complete?
Comprehensive Questions
$1,200 - ANS-W has a health insurance policy with an 80/20 coinsurance, a $1,000 deductible.
If in January W goes into the clinic for an in a single day live, the bill coming to $2,000, what will
W pay?
$2,500 month-to-month (Benefits are generally determined as a percentage of the insured's
current earnings, typically 60 to 70%) - ANS-An evaluation of Simon's beyond income
well-knownshows his common earned month-to-month income to be about $4,000
month-to-month. The greatest quantity of advantage that Simon will in all likelihood be able to
purchase under a Disability Income Policy, with a view to reduce malingering within the event of
a declare, is:
$three,000 - ANS-Victoria's adjusted gross income become $60,000. The overall cost of her
individual medical insurance, LTC insurance, and out-of-pocket scientific fees became $7,500.
Victoria may additionally qualify for a deduction in the amount of ______.
$30,000 - ANS-K has a $100,000 traditional entire life coverage with $30,000 of cash values
and a $10,000 mortgage high-quality. What is the maximum additional amount she may want to
borrow from the coverage at this time?
$4,000 - ANS-Nathan is insured below a set disability plan which calls for that he pay 1/3 of the
top class. Nathan is currently drawing a $6,000 monthly benefit from the plan. How a good deal
of the $6,000 is problem to earnings tax?
$four hundred - ANS-C has replica coverage with agencies X and Y ($2,000 with X and $3,000
with Y). If C suffers a loss of $1,000, based on the coverage with other insurers provision, how
lots will enterprise X have to pay out as a claim?
$five,000 - ANS-Q has a traditional entire existence coverage with a $10,000 face amount, a
$5,000 cash fee, and a $4,999 coverage mortgage and mortgage hobby splendid. Q will forfeit
the coverage when the coverage mortgage reaches ________ for failing to pay mortgage
interest on a well timed basis.
$50,000 - ANS-Ted owns a $50,000 Whole Life Policy. At age forty seven, he decides to prevent
paying rates on his coverage while it has $15,000 of cash price and exercising the Extended
Term Option. Ted's term benefit might be:
,$500 - ANS-W's fee for insurance is $5 consistent with thousand. W applies for $a hundred,000
of insurance. What is the entire annual top class for W's insurance?
1 - ANS-A retiree elected the Life Income with 10 Year Period Certain. He/she dies the day after
receiving 119 month-to-month bills. The beneficiary will get hold of _______ more price(s):
10 Days - ANS-Unless the policy turned into issued as part of a substitute sale, a policyowner in
Washington can also return the existence policy if unsatisfied for any cause within what number
of days after receiving the coverage?
10 Days - ANS-With the exception of unmarried premium nonrenewal rules, all character
incapacity rules in Washington have a free appearance period of ways lengthy?
10% - ANS-Gloria needs to use her annuity as a long-term financial savings plan instead of as a
short-time period tax shelter, otherwise she will incur a ____% penalty tax against any taxable
withdrawals prior to age 59 half.
15 - ANS-The pregnancy discrimination act applies to groups with ______ or greater
employees.
150 - ANS-Hicks Corp. Desires to deploy a contributory organization plan. It employs 2 hundred
people. How many employees must take part in an effort to install the plan?
2 - ANS-HIPAA laws apply to companies of _____ or extra.
2 employees - ANS-Under an worker institution lifestyles insurance plan in Washington, what
number of employees must be protected on the date of trouble so as to be valid?
2 years - ANS-In the nation of Washington, for a way long is a business license legitimate?
20 or extra employees - ANS-COBRA applies to employers with:
26 - ANS-In the kingdom of Washington, an HMO plan need to provide the choice of overlaying
any child underneath the age of:
3 years - ANS-According to a provision required for all lifestyles insurance policies issued in
Washington, insureds may additionally borrow as much as the cash value of the policy after how
many years of complete top class charge?
30 Days - ANS-A Medicare Supplement policy issued in Washington should have a loose
appearance period of:
,30 Days - ANS-B, a existence insurance policy holder, is late on their top rate bills. According to
the grace duration provision, how lengthy does B need to pay their overdue rates whilst keeping
their policy in pressure?
30 Days - ANS-How lengthy does the Commissioner ought to affirm, or deny, the producer's
eligibility for an appointment after an insurer submits a request and pays their price?
30 Days - ANS-Under a group life insurance policy inside the country of Washington, the demise
advantages should be paid within what number of days earlier than accruing extra hobby?
30 Hours - ANS-An worker is taken into consideration complete time and eligible for small
employer scientific expense coverage if he or she works at the very least ________ hours
according to week.
4 hours - ANS-A individual have to complete a one-time direction in annuity suitability earlier
than being allowed to sell, solicit, or negotiate the sale of any annuity product in the state of
Washington. How long have to the route be?
Four hours - ANS-After finishing an initial LTC coverage license in Washington, how many hours
of persevering with education should a licensee take each two years for you to continue to sell,
solicit, or negotiate LTC insurance?
4 Hours - ANS-After finishing an preliminary LTC insurance license in Washington, how many
hours of continuing education ought to a licensee take each years with a view to hold to sell,
solicit, or negotiate LTC insurance?
401(ok) or IRA - ANS-When organising a SIMPLE, what two one-of-a-kind varieties of certified
plans have to employers choose among?
5 Years - ANS-C, an coverage producer in Washington, is issuing a word concerning substitute
for his or her purchaser. C must listing another medical or medical health insurance regulations
sold to the applicant, including each current guidelines and rules not in pressure offered in the
last what number of years?
5 Years - ANS-C, an insurance manufacturer in Washington, is issuing a observe regarding
substitute for their consumer. C have to listing some other medical or health insurance
guidelines offered to the applicant, which includes both modern-day rules and regulations not in
force bought in the remaining what number of years?
50% - ANS-If a disabled employee is eligible for a Social Security incapacity blessings, his or
her spouse and kids may also each additionally be eligible for a advantage in the quantity of
____% of the disabled employee's gain.
, 60 - ANS-If an insurer makes a payment for a declare however the insured is dissatisfied with it,
he/she should wait _____ days after proof of loss earlier than he/she might take any felony
movement.
60 - ANS-When budget are transferred from one qualified plan to the trustee of an IRA or every
other plan, there is a _______ day requirement.
Sixty two - ANS-Social Security Retirement Benefits are to be had as early as age _______ but
are much less than if paid at the full retirement age.
63 days - ANS-Medicare Supplement policies issued in Washington commonly have a assured
problem duration of how lengthy after disenrolling in a preceding plan?
63 Days - ANS-Medicare Supplement rules issued in Washington generally have a assured
difficulty duration of how long after disenrolling in a previous plan?
65 - ANS-Generally, an individual is eligible to sign up for Medicare at age:
7 - ANS-Joe has an entire life policy with a guaranteed insurability rider. He become 21 at the
time the coverage turned into issued. If he sporting activities all of the alternatives on the a long
time certain beneath the everyday rider, what number of regulations will he end up with?
7 pay take a look at - ANS-When a life insurance policy does no longer skip the ______-pay
test, it will become classified as a MEC.
Eight Hours - ANS-How a good deal lengthy-time period tare education must producers whole
earlier than they could solicit or sell LTC coverage in Washington?
Eight% in line with year - ANS-Regarding lifestyles insurance coverage loans in Washington, a
hard and fast rate hobby might not exceed how a great deal?
A $12 co-pay for office visits and 25% co-pay for tactics - ANS-The fee-sharing provisions of
TRICARE Standard include:
A Certificate of Authority - ANS-What offers an insurer the authority to function within this
nation?
A group shaped entirely to purchase life insurance - ANS-Which of the subsequent is NOT a
suitable form of institution lifestyles insurance plan in Washington?
A statement of precise fitness - ANS-In the event a policy is brought with the aid of an agent to
the insured, and the premium price is to be accrued at the time of this delivery, generally what
else have to the agent gain to make the delivery complete?
