Nonforfeiture options Study guides, Class notes & Summaries
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Webce Insurance test questions and Answers Graded A+
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Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 
 
20 
30 
10 
45 - ANSWER-10 days 
 
Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? 
 
 She must move to Pennsylvania. 
 She must surrende...
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Texas Life and Health Insurance Exam (question and answers) 2022/2023
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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application 
 
Who elects the governing body of a mutual insurance company? - ANSWER policyholders 
 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act 
 
What type of reinsurance contract involves two companies automatically sharing their ri...
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Kentucky Life Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update)
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Kentucky Life Insurance Exam Prep| 
Questions and Verified Answers| 100 % 
Correct| Grade A (New 2024/ 2025 Update) 
 
 
QUESTION 
 Nonforfeiture Options 
Three options available by law to policyowners that enable them to recover a policy's cash-value 
upon surrender of that policy. (1) Cash (2) Reduced Paid-Up Insurance (3) Extended Term 
Insurance 
 
 
 
QUESTION 
 Immediate Annuities 
 
 
Answer: 
- Can only be funded using the Single Premium payment method 
- First income payment is ma...
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SC life insurance exam study set with complete solutions 2024
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An insurer will accept a premium from the insured and continue theicoverage in full force as though it 
was NOT late during which time period? 
 
Incontestable period 
Probation period 
Reinstatement period 
Grace period - Grace period 
 
A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? 
 
Standard 
Substandard 
Acceptable 
Preferred - Preferred 
 
Which of these is affected by the frequency of an insurance policy's pr...
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WEBCE PRACTICE EXAMS
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Which medical plan covers doctor visits while the insured is in the hospital and physical therapy treatments following release from the hospital? 
 
limited medical policy 
basic hospital expense policy 
comprehensive major medical insurance 
supplementary major medical insurance - Answer- comprehensive major medical insurance 
 
A comprehensive major medical plan covers hospital expenses and doctor and surgeon fees. A basic hospital expense policy covers the cost of hospitalization, but not phy...
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Colorado Life & Health Insurance Exam Study Guide| Complete with Verified Answers| 100% Correct (2023/2024 New Update)
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Colorado Life & Health Insurance Exam 
Study Guide| Complete with Verified 
Answers| 100% Correct (2023/2024 New 
Update) 
 
QUESTION 
Long-Term Care Rider 
 
 
Answer: 
-Type of Insurance Rider 
-Costs extra and may be added to a cash value policy 
-Allows policy owner to take money out of policy's cash value to pay for qualifying nursing 
home or home health care 
 
 
 
QUESTION 
Return of Premium Rider 
 
 
Answer: 
-Type of Insurance Rider 
-Same as term 
-Could be added to term depe...
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? 
 
 
Answer: 
Risk avoidance 
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. 
 
 
 
Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...
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Virginia Life and Health Exam Review. Questions with accurate answers. 2022/2023.
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Virginia Life and Health Exam Review. Questions with accurate answers. 2022/2023. 
Document Content and Description Below 
Virginia Life and Health Exam Review. Questions with accurate answers. 2022/2023. What contract term means only one party to a contract's promises are legally enforceable? - Unilateral Mr. Jones, the insured, committed suicide after the expiration of the suicide clause in his life insurance policy. The insurer is obligated to: - Pay the death benefit. The benefit that encou...
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WebCE Practice Exam 2024 with 100% correct answers
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Which medical plan covers doctor visits while the insured is in the hospital and physical therapy treatments following release from the hospital? 
 
limited medical policy 
basic hospital expense policy 
comprehensive major medical insurance 
supplementary major medical insurance - correct answer comprehensive major medical insurance 
 
A comprehensive major medical plan covers hospital expenses and doctor and surgeon fees. A basic hospital expense policy covers the cost of hospitalization, but ...
-
WebCE Practice Exams Questions with 100% Correct Answers
- Exam (elaborations) • 84 pages • 2024
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Which medical plan covers doctor visits while the insured is in the hospital and physical therapy treatments following release from the hospital? 
 
limited medical policy 
basic hospital expense policy 
comprehensive major medical insurance 
supplementary major medical insurance Correct Answer comprehensive major medical insurance 
 
A comprehensive major medical plan covers hospital expenses and doctor and surgeon fees. A basic hospital expense policy covers the cost of hospitalization, but no...
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