LA Series 103 Exam Newest Exam 2025 |
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A life insurance policy that contains a guaranteed interest rate with the chance to
earn a rate that is higher than the guaranteed rate is called ---------CORRECT
ANSWER-----------------Universal life
A life insurance policy that has premiums paid up within a select time period is
called ---------CORRECT ANSWER-----------------limited payment insurance
A life insurance policy that is subject to a contract interest rate is referred to as ---
------CORRECT ANSWER-----------------universal life
A life insurance policy which contains cash values that vary according to its
investment performance of stocks is called ---------CORRECT ANSWER-----------------
Variable whole life
A life insurance policy written on one contract for two people in which it is
payable upon the first death is called ---------CORRECT ANSWER-----------------joint
,A life insurance policyowner does NOT have the right to ---------CORRECT
ANSWER-----------------revoke an absolute assignment
A life insurance policyowner was injured in an automobile accident which results
in a total and permanent disability. Which rider would pay a monthly amount
because of this disability? ---------CORRECT ANSWER-----------------Disability Income
Rider
A life insurance replacement transaction could result in a/n ---------CORRECT
ANSWER-----------------surrender charge
A life insurance rider that allows an individual to purchase insurance as they grow
older, regardless of insurability, is called a(n) ---------CORRECT ANSWER---------------
--Guaranteed insurability rider
A limited payment whole life policy provides ---------CORRECT ANSWER---------------
--lifetime protection
A long term care policy typically provides all of the following levels of care except
---------CORRECT ANSWER-----------------acute care
,A Louisiana insurance producer solicits a life insurance policy. In the even of a
controversry between the insured and the company, the producer is considered
to represent the ---------CORRECT ANSWER-----------------company
A master contract and certificate of coverage can be found in which type of
policy? ---------CORRECT ANSWER-----------------Group
A medicare supplement basic benefit is ---------CORRECT ANSWER-----------------the
first 3 pints of blood per year
A Medicare supplement plan can be canceled by the insurer ---------CORRECT
ANSWER-----------------for nonpayment of premiums
A medicare supplement policy can be cancelled by the insurer for ---------CORRECT
ANSWER-----------------nonpayment
A Medicare Supplement Policy is ---------CORRECT ANSWER-----------------designed
to fill in the gaps of Part A and Part B Medicare
, A Medicare Supplement Policy must NOT contain benefits which ---------CORRECT
ANSWER-----------------duplicate Medicare benefits
A medicare Supplement policy's outline of coverage MUST include a(n) ---------
CORRECT ANSWER-----------------description of policy benefits
A newborn is required to be covered for __ days from the moment of birth. --------
-CORRECT ANSWER-----------------31
A nonresident producer from a state outsideo f Louisiana may become licensed in
Louisiana IF a(n) ---------CORRECT ANSWER-----------------reciprocal arrangement
exists with the state of domicile
A payment system for health care in which the provider is paid for each service
given is called? ---------CORRECT ANSWER-----------------Fee-for-service
A permanent life insurance policy where the policyowner pays premiums for a
specified number of years is called a(n) ---------CORRECT ANSWER-----------------
limited pay policy
Complete Questions and Correct Answers |
Already Graded A+ | Verified Answers | Just
Released
A life insurance policy that contains a guaranteed interest rate with the chance to
earn a rate that is higher than the guaranteed rate is called ---------CORRECT
ANSWER-----------------Universal life
A life insurance policy that has premiums paid up within a select time period is
called ---------CORRECT ANSWER-----------------limited payment insurance
A life insurance policy that is subject to a contract interest rate is referred to as ---
------CORRECT ANSWER-----------------universal life
A life insurance policy which contains cash values that vary according to its
investment performance of stocks is called ---------CORRECT ANSWER-----------------
Variable whole life
A life insurance policy written on one contract for two people in which it is
payable upon the first death is called ---------CORRECT ANSWER-----------------joint
,A life insurance policyowner does NOT have the right to ---------CORRECT
ANSWER-----------------revoke an absolute assignment
A life insurance policyowner was injured in an automobile accident which results
in a total and permanent disability. Which rider would pay a monthly amount
because of this disability? ---------CORRECT ANSWER-----------------Disability Income
Rider
A life insurance replacement transaction could result in a/n ---------CORRECT
ANSWER-----------------surrender charge
A life insurance rider that allows an individual to purchase insurance as they grow
older, regardless of insurability, is called a(n) ---------CORRECT ANSWER---------------
--Guaranteed insurability rider
A limited payment whole life policy provides ---------CORRECT ANSWER---------------
--lifetime protection
A long term care policy typically provides all of the following levels of care except
---------CORRECT ANSWER-----------------acute care
,A Louisiana insurance producer solicits a life insurance policy. In the even of a
controversry between the insured and the company, the producer is considered
to represent the ---------CORRECT ANSWER-----------------company
A master contract and certificate of coverage can be found in which type of
policy? ---------CORRECT ANSWER-----------------Group
A medicare supplement basic benefit is ---------CORRECT ANSWER-----------------the
first 3 pints of blood per year
A Medicare supplement plan can be canceled by the insurer ---------CORRECT
ANSWER-----------------for nonpayment of premiums
A medicare supplement policy can be cancelled by the insurer for ---------CORRECT
ANSWER-----------------nonpayment
A Medicare Supplement Policy is ---------CORRECT ANSWER-----------------designed
to fill in the gaps of Part A and Part B Medicare
, A Medicare Supplement Policy must NOT contain benefits which ---------CORRECT
ANSWER-----------------duplicate Medicare benefits
A medicare Supplement policy's outline of coverage MUST include a(n) ---------
CORRECT ANSWER-----------------description of policy benefits
A newborn is required to be covered for __ days from the moment of birth. --------
-CORRECT ANSWER-----------------31
A nonresident producer from a state outsideo f Louisiana may become licensed in
Louisiana IF a(n) ---------CORRECT ANSWER-----------------reciprocal arrangement
exists with the state of domicile
A payment system for health care in which the provider is paid for each service
given is called? ---------CORRECT ANSWER-----------------Fee-for-service
A permanent life insurance policy where the policyowner pays premiums for a
specified number of years is called a(n) ---------CORRECT ANSWER-----------------
limited pay policy
