NYS Life, accident, and health insurance
_____________Quiz____________?
Which type of life insurance policy is best suited for paying off the outstanding balance of a
30-year mortgage in the event of the insured's death? -
Answer✓✓
30-year decreasing term.
_____________Quiz____________?
How many days notice does the ACA require insurers to give before rescinding coverage? -
Answer✓✓
30
_____________Quiz____________?
A signed good health statement may be requested by a life producer at the time of -
Answer✓✓
Policy Delivery
_____________Quiz____________?
Carol purchases a whole life policy that provides a choice of dividend options. This policy is
required to include a statement that the dividends are -
Answer✓✓
Not Guaranteeed
_____________Quiz____________?
1
, Tim is confined to a nursing home but doesn't have a terminal illness. Which life insurance
rider is designed to help pay for this type of expense? -
Answer✓✓
Long-term care benefit rider
_____________Quiz____________?
An insured is covered under a group long-term disability policy. Under this type of policy,
the definition of disability based on any occupation typically applies -
Answer✓✓
After two years of disability
_____________Quiz____________?
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No further
payments are permitted and the income stream begins in 15 years. This contract is a(n) -
Answer✓✓
Single premium deferred annuity
_____________Quiz____________?
Which of these is NOT a factor that influences group health insurance underwriting? -
Answer✓✓
Physical exams of group members
_____________Quiz____________?
What is the grace period required for an individual accident and health insurance policy with
monthly premiums? -
Answer✓✓
10 days
_____________Quiz____________?
In regards to technology and the ACA, which of the following statements is correct? -
2
, Answer✓✓
States which operate with an Exchange must offer an internet-based portal
_____________Quiz____________?
Insurable interest involves what assumption? -
Answer✓✓
One person benefits from another person's continued life
_____________Quiz____________?
Which of these policies is considered a whole life policy? -
Answer✓✓
Single premium life
_____________Quiz____________?
Which of the following would be considered an unfair claims settlement practice? -
Answer✓✓
Misrepresenting pertinent policy provisions relating to coverage after a loss
_____________Quiz____________?
A policyowner is permitted to take out a policy loan on a whole life policy at what point? -
Answer✓✓
When the policy has a cash value
_____________Quiz____________?
Which of these is NOT a factor during the health insurance underwriting process? -
Answer✓✓
Former residence
3
, _____________Quiz____________?
New York workers compensation laws exclude benefits for disabilities caused by -
Answer✓✓
Intentional, self-inflicted injuries occurring on the job
_____________Quiz____________?
When premiums are determined, one factor would be the expenses of the -
Answer✓✓
Insurer
_____________Quiz____________?
Scott has a life insurance policy in which the dividends are left with the insurance company.
This particular policy may be paid up when the cash value plus accumulated dividends -
Answer✓✓
equal the net single premium for the same face amount at the insured's attained age
_____________Quiz____________?
During open enrollment for Medicare Supplement coverage, an applicant MUST be at least -
Answer✓✓
There is no minimum age requirement
_____________Quiz____________?
What happens to the cash value of a market value adjusted annuity if it's surrendered prior
to the end of the stated guarantee period? -
Answer✓✓
Subject to market value adjustment
_____________Quiz____________?
4
_____________Quiz____________?
Which type of life insurance policy is best suited for paying off the outstanding balance of a
30-year mortgage in the event of the insured's death? -
Answer✓✓
30-year decreasing term.
_____________Quiz____________?
How many days notice does the ACA require insurers to give before rescinding coverage? -
Answer✓✓
30
_____________Quiz____________?
A signed good health statement may be requested by a life producer at the time of -
Answer✓✓
Policy Delivery
_____________Quiz____________?
Carol purchases a whole life policy that provides a choice of dividend options. This policy is
required to include a statement that the dividends are -
Answer✓✓
Not Guaranteeed
_____________Quiz____________?
1
, Tim is confined to a nursing home but doesn't have a terminal illness. Which life insurance
rider is designed to help pay for this type of expense? -
Answer✓✓
Long-term care benefit rider
_____________Quiz____________?
An insured is covered under a group long-term disability policy. Under this type of policy,
the definition of disability based on any occupation typically applies -
Answer✓✓
After two years of disability
_____________Quiz____________?
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No further
payments are permitted and the income stream begins in 15 years. This contract is a(n) -
Answer✓✓
Single premium deferred annuity
_____________Quiz____________?
Which of these is NOT a factor that influences group health insurance underwriting? -
Answer✓✓
Physical exams of group members
_____________Quiz____________?
What is the grace period required for an individual accident and health insurance policy with
monthly premiums? -
Answer✓✓
10 days
_____________Quiz____________?
In regards to technology and the ACA, which of the following statements is correct? -
2
, Answer✓✓
States which operate with an Exchange must offer an internet-based portal
_____________Quiz____________?
Insurable interest involves what assumption? -
Answer✓✓
One person benefits from another person's continued life
_____________Quiz____________?
Which of these policies is considered a whole life policy? -
Answer✓✓
Single premium life
_____________Quiz____________?
Which of the following would be considered an unfair claims settlement practice? -
Answer✓✓
Misrepresenting pertinent policy provisions relating to coverage after a loss
_____________Quiz____________?
A policyowner is permitted to take out a policy loan on a whole life policy at what point? -
Answer✓✓
When the policy has a cash value
_____________Quiz____________?
Which of these is NOT a factor during the health insurance underwriting process? -
Answer✓✓
Former residence
3
, _____________Quiz____________?
New York workers compensation laws exclude benefits for disabilities caused by -
Answer✓✓
Intentional, self-inflicted injuries occurring on the job
_____________Quiz____________?
When premiums are determined, one factor would be the expenses of the -
Answer✓✓
Insurer
_____________Quiz____________?
Scott has a life insurance policy in which the dividends are left with the insurance company.
This particular policy may be paid up when the cash value plus accumulated dividends -
Answer✓✓
equal the net single premium for the same face amount at the insured's attained age
_____________Quiz____________?
During open enrollment for Medicare Supplement coverage, an applicant MUST be at least -
Answer✓✓
There is no minimum age requirement
_____________Quiz____________?
What happens to the cash value of a market value adjusted annuity if it's surrendered prior
to the end of the stated guarantee period? -
Answer✓✓
Subject to market value adjustment
_____________Quiz____________?
4
