XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_flfk1b
what is considered to be a characteristic benefit payments start within one pay-
of an immediate annuity ment period of purchase
which of these characteristics is consis- premiums are payable for as long as
tent with a straight life policy there is insurance coverage in force
an insureds inability to perform two or
more activities of daily living may trigger long term care
which type of life policy rider
B recently died and was insured with a
life insurance policy for over five years.
During the claims process, the insurer pay the amount that the premium would
discovered that B had understated his have purchased at the correct age
age by 5 years at the time of application.
In this situation, the insurer will
what action can a policyowner take if
an application for a bank loan requires assign policy ownership to the bank
collateral
what is required in the Florida Employee small group benefit plans are to be is-
Health Care Access Act sued on a guarantee issue basis
P is a forty year old woman and would
like to purchase an annuity that will pro-
vide a lifetime income stream beginning an immediate annuity
at age sixty. Which of the following did
she NOT buy?
the situation in which a group of physi-
cians are salaried employees and con- closed panel
duct business in an hmo facility is called
T sends proof of loss to her insurer for an
acceptable medical expense claim under
her individual Health Insurance policy. immediately
Upon receipt, the insurer must pay the
benefits
an application for medicare supplement
coverage may not be denied by the insur- six
er if the application was submitted with-
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_flfk1b
in ______ month(s) after the applicant
reaches the age 65
when a policyowner cash surrenders a
universal life insurance policy in its early
anti money laundering violation
years, this may be considered a red flag
for a(n)
When is a Group Health policy required
at the moment of birth
to provide coverage for a newborn child?
which of the following situations does not an existing policyholder purchases an
apply to the florida replacement rule additional policy from the same insurer
the renewal premium is calculated on the
under a renewable term policy
basis of the insured's attained age
D owns a Whole Life policy that was pur-
chased 10 years ago. If the premium pay-
ments suddenly stop and D takes no ad- extended term
ditional action, which Nonforfeiture Op-
tion will the insurer likely proceed with?
In Florida, which employee is eligible for employee who works more than 40 hours
an employer's group term life plan? per week
which of the following statements is
the employer receives a master policy
correct regarding an employer/employee
and the employees receive certificates
group health plan
all of the following statements regarding
income derived from the tsa is received
a tax sheltered annuity (tsa) are true ex-
income tax free
cept
How would a contingent beneficiary re-
ceive the policy proceeds in an Acciden- if the primary beneficiary dies before the
tal Death and Dismemberment (AD&D) insured
policy?
A student pilot can pay regular premium
costs for her life insurance policy with the aviation exclusion
addition of which of the following?
which of these statements is incorrect
ppos are not a type of managed care
regarding a preferred provider organiza-
systems
tion (ppo)?
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_flfk1b
twisting involves an agent using misrep-
which of the following is considered an resentation to convince a policyowner to
accurate statement of an unfair trade cancel their current policy so that they
practice? can purchase a new life insurance policy
with another company
what is floridas definition of life insurance a transaction in which a new policy is
replacement bought and an old policy is terminated
a sole proprietor may use this plan only
if the employees of this business are in- keogh pension plan
cluded
a primary beneficiary has died before the
insured in a life insurance policy. a con-
proceeds will go to the contingent bene-
tingent beneficiary is also named in the
ficiary
policy. which of the following will occur
when the insured dies
Upon delivery of a rated life insurance
policy, the Producer must obtain each of signed hipaa disclosure
the following EXCEPT
which of these is not relevant when the
determining the amount of personal life local unemployment rates
insurance needed
Before a life insurance policy is issued,
which of these components of the con- applicants signature on application
tract is required?
W gave W's age as 50 when W pur-
chased a Life policy. At the time of W's
death seven years later, the company
the proceeds would be reduced based
discovered W's true age at issue had
on whatever the premium would have
been 59. What would the normal proce-
been if purchased at age 59
dure be under the misstatement of age
provision in regard to the payment of the
death claim?
a business overhead expense policy
would cover which of the following if a utilities and office rent
business owner becomes disabled
Study online at https://quizlet.com/_flfk1b
what is considered to be a characteristic benefit payments start within one pay-
of an immediate annuity ment period of purchase
which of these characteristics is consis- premiums are payable for as long as
tent with a straight life policy there is insurance coverage in force
an insureds inability to perform two or
more activities of daily living may trigger long term care
which type of life policy rider
B recently died and was insured with a
life insurance policy for over five years.
During the claims process, the insurer pay the amount that the premium would
discovered that B had understated his have purchased at the correct age
age by 5 years at the time of application.
In this situation, the insurer will
what action can a policyowner take if
an application for a bank loan requires assign policy ownership to the bank
collateral
what is required in the Florida Employee small group benefit plans are to be is-
Health Care Access Act sued on a guarantee issue basis
P is a forty year old woman and would
like to purchase an annuity that will pro-
vide a lifetime income stream beginning an immediate annuity
at age sixty. Which of the following did
she NOT buy?
the situation in which a group of physi-
cians are salaried employees and con- closed panel
duct business in an hmo facility is called
T sends proof of loss to her insurer for an
acceptable medical expense claim under
her individual Health Insurance policy. immediately
Upon receipt, the insurer must pay the
benefits
an application for medicare supplement
coverage may not be denied by the insur- six
er if the application was submitted with-
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_flfk1b
in ______ month(s) after the applicant
reaches the age 65
when a policyowner cash surrenders a
universal life insurance policy in its early
anti money laundering violation
years, this may be considered a red flag
for a(n)
When is a Group Health policy required
at the moment of birth
to provide coverage for a newborn child?
which of the following situations does not an existing policyholder purchases an
apply to the florida replacement rule additional policy from the same insurer
the renewal premium is calculated on the
under a renewable term policy
basis of the insured's attained age
D owns a Whole Life policy that was pur-
chased 10 years ago. If the premium pay-
ments suddenly stop and D takes no ad- extended term
ditional action, which Nonforfeiture Op-
tion will the insurer likely proceed with?
In Florida, which employee is eligible for employee who works more than 40 hours
an employer's group term life plan? per week
which of the following statements is
the employer receives a master policy
correct regarding an employer/employee
and the employees receive certificates
group health plan
all of the following statements regarding
income derived from the tsa is received
a tax sheltered annuity (tsa) are true ex-
income tax free
cept
How would a contingent beneficiary re-
ceive the policy proceeds in an Acciden- if the primary beneficiary dies before the
tal Death and Dismemberment (AD&D) insured
policy?
A student pilot can pay regular premium
costs for her life insurance policy with the aviation exclusion
addition of which of the following?
which of these statements is incorrect
ppos are not a type of managed care
regarding a preferred provider organiza-
systems
tion (ppo)?
, XCel 2-15 florida life & health state exam simulator
Study online at https://quizlet.com/_flfk1b
twisting involves an agent using misrep-
which of the following is considered an resentation to convince a policyowner to
accurate statement of an unfair trade cancel their current policy so that they
practice? can purchase a new life insurance policy
with another company
what is floridas definition of life insurance a transaction in which a new policy is
replacement bought and an old policy is terminated
a sole proprietor may use this plan only
if the employees of this business are in- keogh pension plan
cluded
a primary beneficiary has died before the
insured in a life insurance policy. a con-
proceeds will go to the contingent bene-
tingent beneficiary is also named in the
ficiary
policy. which of the following will occur
when the insured dies
Upon delivery of a rated life insurance
policy, the Producer must obtain each of signed hipaa disclosure
the following EXCEPT
which of these is not relevant when the
determining the amount of personal life local unemployment rates
insurance needed
Before a life insurance policy is issued,
which of these components of the con- applicants signature on application
tract is required?
W gave W's age as 50 when W pur-
chased a Life policy. At the time of W's
death seven years later, the company
the proceeds would be reduced based
discovered W's true age at issue had
on whatever the premium would have
been 59. What would the normal proce-
been if purchased at age 59
dure be under the misstatement of age
provision in regard to the payment of the
death claim?
a business overhead expense policy
would cover which of the following if a utilities and office rent
business owner becomes disabled
