MASSACHUSETTS LIFE AND HEALTH INSURANCE EXAM ACTUAL PREP QUESTIONS AND WELL REVISED ANSWERS - LATEST AND COMPLETE UPDATE WITH VERIFIED SOLUTIONS – ASSURES PASS

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MASSACHUSETTS LIFE AND HEALTH
INSURANCE EXAM ACTUAL PREP QUESTIONS
AND WELL REVISED ANSWERS - LATEST AND
COMPLETE UPDATE WITH VERIFIED
SOLUTIONS – ASSURES PASS
(Guaranteed Association) Maximum benefits for any one life- Basic hospital,
medical, and surgical insurance or major medical insurance benefits



- ANSWER: $500,000



(Guaranteed Association) Maximum benefits for any one life- Disability insurance
benefits



- ANSWER:

$300,000



(Guaranteed Association) Maximum benefits for any one life- Life insurance cash
values



- ANSWER:

$100,000

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(Guaranteed Association) Maximum benefits for any one life- Life insurance death
benefits



- ANSWER:

$300,000



(Guaranteed Association) Maximum benefits for any one life- Long Term Care
insurance benefits



- ANSWER:

$300,000



(Guaranteed Association) Maximum benefits for any one life- Other health
insurance benefits



- ANSWER:

$100,000



(Guaranteed Association) Maximum benefits for any one life- Present value on
annuity benefits

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- ANSWER: $250,000




`Roth IRA

- ANSWER:

Contributions not tax deductibe

limits same as IRA



Qualified Distributions are tax free




4 types of medicare advantage plans

- ANSWER:

-Medicare Managed Care Plans

HMO or POS

-PPO

No gate keeper, more cost if outside network

-Private fee for service plans

plans negotiates the fees that providers will be paid

-Medicare Specialty plans

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Special needs such as kidney failure




A commissioner must give how many days advance notice of a hearing?

- ANSWER:

21 Days




A- CANHAM Risks

- ANSWER:

Accidental



A- CANHAM Risks

- ANSWER:

Affordable



A- Method of handling risk

- ANSWER:

Avoidance