Life & Health Insurance Exam Questions AND Correct Answers
*** can be added to workers compensation policies in order to
provide the state's mandated coverage while temporarily
working outside of that state? - ✔✔the extraterritorial
provision
A client has a new individual disability income policy with a
20 day probationary period and a 30 day elimination period.
Ten days later, the client breaks their leg and is off work for
45 days. How many days of disability benefits will the policy
pay? - ✔✔15
a comprehensive list of all medicare supplement policies
available? - ✔✔plans a-j
A disability income policy is written with a 10 month benefit
period, a 30 day elimination period, and a 30 day
probationary period. If the insured becomes disabled due to
illness 9 nine days after the effective date, the policy will pay
benefits for a max of? - ✔✔10 months
A guaranteed renewable health insurance policy allows? -
✔✔the policyholder to renew the policy to a stated age, with
the company having the right to increase premiums on an
entire class
, A health insurance policy may cover all the following risks
except? - ✔✔a. medical expenses
b. war related injuries
c. dental expenses
d. loss of income due to disability
-B
a hospital indemnity policy will pay? - ✔✔a benefit for each
day the insured is in the hospital
A policy available to business owners that provides payment
for normal business expenses in the event that the owner is
disabled is called? - ✔✔business overhead expense
A small business owner is the insured under a disability policy
that funds a buy-sell agreement. If the owner dies or becomes
disabled, the policy would provide? - ✔✔cash to the owner's
business partner to accomplish a buyout
A small hardware store owner is involved in a car accident
that renders him totally disabled for half a year. which type
of insurance would help him pay for expenses of the company
during the time of his disability? - ✔✔business overhead
expense policy
*** can be added to workers compensation policies in order to
provide the state's mandated coverage while temporarily
working outside of that state? - ✔✔the extraterritorial
provision
A client has a new individual disability income policy with a
20 day probationary period and a 30 day elimination period.
Ten days later, the client breaks their leg and is off work for
45 days. How many days of disability benefits will the policy
pay? - ✔✔15
a comprehensive list of all medicare supplement policies
available? - ✔✔plans a-j
A disability income policy is written with a 10 month benefit
period, a 30 day elimination period, and a 30 day
probationary period. If the insured becomes disabled due to
illness 9 nine days after the effective date, the policy will pay
benefits for a max of? - ✔✔10 months
A guaranteed renewable health insurance policy allows? -
✔✔the policyholder to renew the policy to a stated age, with
the company having the right to increase premiums on an
entire class
, A health insurance policy may cover all the following risks
except? - ✔✔a. medical expenses
b. war related injuries
c. dental expenses
d. loss of income due to disability
-B
a hospital indemnity policy will pay? - ✔✔a benefit for each
day the insured is in the hospital
A policy available to business owners that provides payment
for normal business expenses in the event that the owner is
disabled is called? - ✔✔business overhead expense
A small business owner is the insured under a disability policy
that funds a buy-sell agreement. If the owner dies or becomes
disabled, the policy would provide? - ✔✔cash to the owner's
business partner to accomplish a buyout
A small hardware store owner is involved in a car accident
that renders him totally disabled for half a year. which type
of insurance would help him pay for expenses of the company
during the time of his disability? - ✔✔business overhead
expense policy
