5/15/25, 12:54 PM LIFE AND HEALTH | Quizlet
Name: Score:
31 Multiple choice questions
Definition 1 of 31
Question 8 of 15
If an immediate annuity is purchased with the face amount at death or with the cash value at
surrender, this would be considered a
ASettlement option.
BNontaxable exchange.
CNonforfeiture option.
DRollover.
D Insuring clause.
The insuring clause is a provision on the first page of the policy that states the coverage
and when it applies.
A
A settlement option is exercised when an immediate annuity is purchased with the face
amount at death or with the cash value at surrender.
D
Most companies require that the app be filled out in ink. The agent might make a mistake
when filling out the app or the applicant might answer a question incorrectly and want to
change it. There are two ways to correct an application. The first and best is to simply start
over with a fresh application. If that is not practical, draw a line through the incorrect
answer and insert the correct one. The applicant must initial the correct answer.
B
Correct! Hospital confinement indemnity policies pay specific amounts that depend on the
amount of time the insured is confined to the hospital.
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,5/15/25, 12:54 PM LIFE AND HEALTH | Quizlet
Definition 2 of 31
Question 3 of 15
Which of the following does NOT have to be disclosed in a long-term care (LTC) policy?
AAny limitations or conditions of eligibility for LTC benefits
BAny riders or endorsements
CThe aggregate amount of premiums due
DThe meaning of the terms "reasonable" and "customary"
A
D
B
C
Definition 3 of 31
Question 11 of 15
To be eligible for tax credits under the ACA, individuals must have income that is what percent of
the Federal Poverty Level?
ABetween 10% and 100%
BBetween 100% and 400%
CHigher than 300%
DLess than 10%
B
Correct! HMOs provide a package of comprehensive health care services that include
routine physicals, immunizations, well baby care, family planning, etc., as well as the
treatment of sickness and injury.
A
A Occasional nursing or rehabilitative care
B
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, 5/15/25, 12:54 PM LIFE AND HEALTH | Quizlet
Definition 4 of 31
Question 1 of 15
Which of the following statements concerning group health insurance is CORRECT?
AThe employer is the policyholder.
BOnly the employer receives a certificate of insurance.
CEach employee receives a policy.
DUnder group insurance, the insurer may reject certain individuals from coverage.
A
The Superintendent is appointed by the Governor and remains in office as for the duration
of the Governor's term in office.
C an insurer may change the wording of optional provisions, as long as the change does
not adversely affect the policyholder.
optional policy provisions can be changed by an insurer, as long as the changes do not
adversely affect the policyholder.
A The employer is the policyholder.
B
An Outline of Coverage must be delivered at the time of application or upon delivery of the
policy.
Definition 5 of 31
Question 4 of 15
Which of the following is true regarding limited health insurance policies?
AThey cover every need of a health insurance policy holder.
BThey only cover specific accidents or diseases.
CThey cover all sickness or accidents that are not specifically excluded.
DThey are limited to those enrolled in a group health plan.
D
C
A
B
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Name: Score:
31 Multiple choice questions
Definition 1 of 31
Question 8 of 15
If an immediate annuity is purchased with the face amount at death or with the cash value at
surrender, this would be considered a
ASettlement option.
BNontaxable exchange.
CNonforfeiture option.
DRollover.
D Insuring clause.
The insuring clause is a provision on the first page of the policy that states the coverage
and when it applies.
A
A settlement option is exercised when an immediate annuity is purchased with the face
amount at death or with the cash value at surrender.
D
Most companies require that the app be filled out in ink. The agent might make a mistake
when filling out the app or the applicant might answer a question incorrectly and want to
change it. There are two ways to correct an application. The first and best is to simply start
over with a fresh application. If that is not practical, draw a line through the incorrect
answer and insert the correct one. The applicant must initial the correct answer.
B
Correct! Hospital confinement indemnity policies pay specific amounts that depend on the
amount of time the insured is confined to the hospital.
https://quizlet.com/330198329/test?answerTermSides=6&promptTermSides=6&questionCount=31&questionTypes=4&showImages=true 1/29
,5/15/25, 12:54 PM LIFE AND HEALTH | Quizlet
Definition 2 of 31
Question 3 of 15
Which of the following does NOT have to be disclosed in a long-term care (LTC) policy?
AAny limitations or conditions of eligibility for LTC benefits
BAny riders or endorsements
CThe aggregate amount of premiums due
DThe meaning of the terms "reasonable" and "customary"
A
D
B
C
Definition 3 of 31
Question 11 of 15
To be eligible for tax credits under the ACA, individuals must have income that is what percent of
the Federal Poverty Level?
ABetween 10% and 100%
BBetween 100% and 400%
CHigher than 300%
DLess than 10%
B
Correct! HMOs provide a package of comprehensive health care services that include
routine physicals, immunizations, well baby care, family planning, etc., as well as the
treatment of sickness and injury.
A
A Occasional nursing or rehabilitative care
B
https://quizlet.com/330198329/test?answerTermSides=6&promptTermSides=6&questionCount=31&questionTypes=4&showImages=true 2/29
, 5/15/25, 12:54 PM LIFE AND HEALTH | Quizlet
Definition 4 of 31
Question 1 of 15
Which of the following statements concerning group health insurance is CORRECT?
AThe employer is the policyholder.
BOnly the employer receives a certificate of insurance.
CEach employee receives a policy.
DUnder group insurance, the insurer may reject certain individuals from coverage.
A
The Superintendent is appointed by the Governor and remains in office as for the duration
of the Governor's term in office.
C an insurer may change the wording of optional provisions, as long as the change does
not adversely affect the policyholder.
optional policy provisions can be changed by an insurer, as long as the changes do not
adversely affect the policyholder.
A The employer is the policyholder.
B
An Outline of Coverage must be delivered at the time of application or upon delivery of the
policy.
Definition 5 of 31
Question 4 of 15
Which of the following is true regarding limited health insurance policies?
AThey cover every need of a health insurance policy holder.
BThey only cover specific accidents or diseases.
CThey cover all sickness or accidents that are not specifically excluded.
DThey are limited to those enrolled in a group health plan.
D
C
A
B
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