A person must be totally disabled to qualify for social security disability benefits. In
addition, a person must satisfy a waiting period of how long before benefits are paid?
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Five months
When comparing her insurance company's policies to those of Zenith insurance,
Melanie makes a misleading statement to convince an insurance prospect to
terminate a policy with Zenith and buy one from Melanie's company. What practice
has Melanie engaged in?
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, Twisting
Each application for health insurance requires the signature of which party?
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The proposed insured, the producer, and all adults to be covered by the
policy
While completing an application for a health insurance policy, Dan discloses his
partial blindness. The insurer will treat his blindness as a:
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Physical Hazard
Which of the following statements most correctly describes the relationship, if any,
between the application and the insurance contract?
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The application is part of the entire contract
Horace buys a Medicare supplement insurance policy but decides not to keep it. How
many days does he have to return it for a full refund of the premium
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30
A claimant on a health insurance policy must give written notice of the claim to the
insurer within how many days following a loss?
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20
$250,000
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Julia has decided to surrender her $250,000 whole life policy, which has a
$31,000 cash value. If she elects the extended term nonforfeiture option,
Julia will receive a term policy with a face value equal to what amount?
$31,000
$219,000
$250,000
$281,000
Per IRS rules, what else is a single-premium life insurance policy called?
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, Modified Endowment Contract (MEC)
Which of the following individuals is the person upon whose life the annuity payment
amount and duration are based when the contract is annuitized?
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Annuitant
A life insurance settlement option that pays a monthly benefit with no reduction until
the second of the two people dies is the
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joint and 100% survivor
What is a terminally ill person who sells his or her life insurance policy through a
viatical settlement known as?
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viator
Which of the following correctly describes the comparison between a family income
policy and a family maintenance policy?
addition, a person must satisfy a waiting period of how long before benefits are paid?
Give this one a try later!
Five months
When comparing her insurance company's policies to those of Zenith insurance,
Melanie makes a misleading statement to convince an insurance prospect to
terminate a policy with Zenith and buy one from Melanie's company. What practice
has Melanie engaged in?
Give this one a try later!
, Twisting
Each application for health insurance requires the signature of which party?
Give this one a try later!
The proposed insured, the producer, and all adults to be covered by the
policy
While completing an application for a health insurance policy, Dan discloses his
partial blindness. The insurer will treat his blindness as a:
Give this one a try later!
Physical Hazard
Which of the following statements most correctly describes the relationship, if any,
between the application and the insurance contract?
Give this one a try later!
The application is part of the entire contract
Horace buys a Medicare supplement insurance policy but decides not to keep it. How
many days does he have to return it for a full refund of the premium
,Give this one a try later!
30
A claimant on a health insurance policy must give written notice of the claim to the
insurer within how many days following a loss?
Give this one a try later!
20
$250,000
Give this one a try later!
Julia has decided to surrender her $250,000 whole life policy, which has a
$31,000 cash value. If she elects the extended term nonforfeiture option,
Julia will receive a term policy with a face value equal to what amount?
$31,000
$219,000
$250,000
$281,000
Per IRS rules, what else is a single-premium life insurance policy called?
Give this one a try later!
, Modified Endowment Contract (MEC)
Which of the following individuals is the person upon whose life the annuity payment
amount and duration are based when the contract is annuitized?
Give this one a try later!
Annuitant
A life insurance settlement option that pays a monthly benefit with no reduction until
the second of the two people dies is the
Give this one a try later!
joint and 100% survivor
What is a terminally ill person who sells his or her life insurance policy through a
viatical settlement known as?
Give this one a try later!
viator
Which of the following correctly describes the comparison between a family income
policy and a family maintenance policy?
