Florida life and variable Study guides, Class notes & Summaries

Florida Insurance 2-15 Exam Terms (2-15 Life, Health, and Variable Annuities. State of FL Exam) 2023

Florida Life, Health and Variable Annuity Exam With 100% Correct Answers

Florida Life, Health and Variable Annuity Exam/Answered/A+Rated/2023/2024 Florida Life, Health and Variable Annuity Exam/Answered/A+ Rated/2023/2024 Categories of Life Insurance Ordinary, Industrial and Group Ordinary Life is individual life insurance that includes many types of TERM and PERMANENT insurance and is usually paid with monthly premiums. Is the principal type of life insurance purchased in the United States. Industrial Insurance small issue amounts with premiums collecte...

Test Bank For Florida Life and Health Insurance Exams 300 Combined Set Questions And Correct Answers| AS PER MARKING SCHEME | GUARANTEE PASS 1. A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can have the policy premiums waived under which provision - ANSWER Payor Provision 2. Which of the following actions is NOT possible with Universal Life policy - ANSWER Premiums may be applied as a credit against income tax 3. A life policy w...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an airplane, never drives a car and keeps money out of the stock market is known as what type of risk ? - CORRECT ANSWERS Risk Avoidance Only pure risk is insurable. TRUE or FALSE? - CORRECT ANSWERS T...

XCEL FL TEST STUDY GUIDE LATEST UPDATE GRADED A+ Which of the following types of health coverage frequently uses a deductible? Major Medical policy What kind of Accidental Death and Dismemberment (AD&D) insurance beneficiary requires his/her consent when a change of beneficiary is made? Irrevocable beneficiary If a 10-Year Term Life policy contains a Renewability provision, the policy will renew without evidence of insurability Under Florida law, a variable annuity policyowner must be notifie...

S recently received a $500,000 lump sum retirement buyout from her employer. She would like to buy an annuity that will immediately furnish her with a guaranteed income for life. What type of annuity is best suited for her situation? - Single Premium. Immediate Annuities are purchased with a single lump sum payment and will start providing income payments within the first year, but usually starting 30 days from the purchase date. What type of group plan involves employees sharing the cost?...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an airplane, never drives a car and keeps money out of the stock market is known as what type of risk ? - CORRECT ANSWERS Risk Avoidance Only pure risk is insurable. TRUE or FALSE? - CORRECT ANSWERS T...

A non-contributory plan requires _________ participation of all eligible employees - Answer-100% A characteristic of preferred provider organizations (PPOS) would be: - Answer-Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? - Answer-Commerce Additional coverage can be added to a whole Life policy by adding a(n): - Answer-decreasing term rider What benefit does the payor clause on a Juvenile Life policy p...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Correct) Insurance concept founded on the ability to predict the approximate number of deaths or frequency of disabilities within a certain group during a specific time. - CORRECT ANSWERS Law of Averages An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an ...