Life insurance exam 2 Study guides, Class notes & Summaries

Maryland life and health insurance exam questions and answers already passed Which of the following regulates the quality of care provided by a health maintenance organization (HMO)? Secretary of the department of health and mental hygiene. A marketing system, which utilizes mass media advertising and mail, instead of a producer, is called an blank, blank marketing system. Direct response An insurer is life insurance premium rate must be the same for all individuals In the same risk class wit...

SC LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS 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 - correct answer Grace period A person who is a nonsmoker, of average weight, and in excellent health would most likely be in which risk classification? Standard

ARIZONA LIFE INSURANCE ONLY STATE EXAM 2024 Regulations for variable insurance contracts are set by all of the following EXCEPT Securities and Exchange Commission Department of Insurance State securities authorities State attorney general's office - correct answer State attorney general's office Which of the following is associated with an immediate annuity? Tax-free benefit payments Installment premium payments Lack of an accumulation period Lump-sum benefit - correct ans...

UNIVERSITY OF UTAH LIFE INSURANCE EXAM Minimum Age to receive a license - correct answer 18 SEC - correct answer Securities Exchange Commission Children's Term Rider - correct answer -if attached to a life insurance policy, children can be covered under the policy until they reach the maximum age stated in the policy. At that point, they can convert their covered to a new policy without issuing a proof of insurabliity. Which of the following statements is TRUE concerning irrevoc...

Life Insurance Exam 2024 Questions and Answers 100% VerifiedLife Insurance Exam 2024 Questions and Answers 100% VerifiedLife Insurance Exam 2024 Questions and Answers 100% VerifiedLife Insurance Exam 2024 Questions and Answers 100% VerifiedJ has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to ad...

ARKANSAS LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS A life insurance premium is paid each month. The insurer then subtracts a mortality and expense charge from the policy's cash value. This best describes which of the following life insurance policies? A. Whole Life B. Variable Whole Life C. Universal Life D. Adjustable Whole Life - correct answer C. Universal Life What is the name of a single policy covering two or more lives that pays benefits upon the death of the first i...

P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary Answer - B A contract that has as its basic function the systematic liquidation of accumulated assets through periodic payments is called an: A.indemnity contract B.investment contract C.endowment D.annuity Answer - D An insurance...

How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 - ANSWER-2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and have premiums refunded C. an increasing amount of term insurance that e...

TN HEALTH AND LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS Which of the following reimburses its insureds for covered medical expenses? - health maintenance organizations - preferred provider organizations - commercial insurers - service providers - correct answer COMMERCIAL INSURERS - Commercial insurance companies function on the reimbursement approach. Policyowners obtain medical treatment from whatever source they feel is most appropriate and submit their charges to their insur...

PASS THE NM LIFE INSURANCE EXAM CH. 2 EXAM 2024 d - correct answer Which of the following is a true statement? Select one: a. If an applicant needs to makes changes in their application, the agent should create a new form. b. After the applicant's signature, no changes can be made to that particular application. c. Any changes in the application must be signed by both the applicant and the agent. d. Any changes in the application must be initialed by the applicant. c - correct ans...