MD LIFE AND HEALTH EXAM ACTUAL
EXAM WITH COMPLETE 350 QUESTIONS
AND DETAILED ANSWERS RATED A |
BRAND NEW!!!
Pat is insured with a life insurance policy and Karen is his
primary beneficiary. They are both involved in an automobile
accident where Pat dies instantly and Karen dies 5 days later.
Which policy provision will protect the rights of the contingent
beneficiary to receive the policy benefits?
common disaster clause
Mary is the sole proprietor of her business and has a family
health plan. She would like to deduct the premiums from her
taxes. What % of her premiums are tax deductible?
100%
A major medical expense plan typically includes coverage for
hospital room and board. Which of the following is normally
covered under the category "room and board"
,General nursing care
Julie is an employee with a group health plan that contains the
mandatory second surgical opinion provision. What is expected
with this provision?
Out-of-pocket expenses are lower when a second surgical
opinion is obtained as opposed to only having one
Jim is covered under a disability income policy. He is hurt while
engaged in an occupation that is more hazardous than the
occupation he specified in the policy. What action will the
insurer likely take?
Reduce the benefit level
Rick recently died and left behind an individual IRA account in
his name. His widow was forwarded the balance of the IRA. The
transfer of Rick's IRA account balance to his surviving spouse
qualifies for
the marital education
,What does a 401(k) plan generally provide its participants
salary-deferral option
An employee requested that the balance of her 401k account
be sent directly to her in one lump sum. Upon receipt of the
distribution, she immediately had the funds rolled over into an
IRA. What is the tax consequence of the distribution sent to this
employee
Distribution is subject to federal income tax withholding
James owns a business and purchased a policy that covers he
business expense of finding a permanent or temporary
employee to replace a disabled one. This is called
Key employee coverage
An insured, age 67, is covered under a disability income policy.
What will the insurer normally require in order for the insured
to continue coverage?
, The insured must be actively at work for a specified number of
hours per week
Christine is receiving benefits provided from her disability
income insurance. As compared to her previous earnings, the
disability benefits should be ..
Somewhat less
Larry wants to purchase an individual disability income policy to
provide continuous income while disabled, he is also covered
by a 2 month wage continuation benefit from his employer.
What should the policy elimination period be for his individual
policy
60 days
EXAM WITH COMPLETE 350 QUESTIONS
AND DETAILED ANSWERS RATED A |
BRAND NEW!!!
Pat is insured with a life insurance policy and Karen is his
primary beneficiary. They are both involved in an automobile
accident where Pat dies instantly and Karen dies 5 days later.
Which policy provision will protect the rights of the contingent
beneficiary to receive the policy benefits?
common disaster clause
Mary is the sole proprietor of her business and has a family
health plan. She would like to deduct the premiums from her
taxes. What % of her premiums are tax deductible?
100%
A major medical expense plan typically includes coverage for
hospital room and board. Which of the following is normally
covered under the category "room and board"
,General nursing care
Julie is an employee with a group health plan that contains the
mandatory second surgical opinion provision. What is expected
with this provision?
Out-of-pocket expenses are lower when a second surgical
opinion is obtained as opposed to only having one
Jim is covered under a disability income policy. He is hurt while
engaged in an occupation that is more hazardous than the
occupation he specified in the policy. What action will the
insurer likely take?
Reduce the benefit level
Rick recently died and left behind an individual IRA account in
his name. His widow was forwarded the balance of the IRA. The
transfer of Rick's IRA account balance to his surviving spouse
qualifies for
the marital education
,What does a 401(k) plan generally provide its participants
salary-deferral option
An employee requested that the balance of her 401k account
be sent directly to her in one lump sum. Upon receipt of the
distribution, she immediately had the funds rolled over into an
IRA. What is the tax consequence of the distribution sent to this
employee
Distribution is subject to federal income tax withholding
James owns a business and purchased a policy that covers he
business expense of finding a permanent or temporary
employee to replace a disabled one. This is called
Key employee coverage
An insured, age 67, is covered under a disability income policy.
What will the insurer normally require in order for the insured
to continue coverage?
, The insured must be actively at work for a specified number of
hours per week
Christine is receiving benefits provided from her disability
income insurance. As compared to her previous earnings, the
disability benefits should be ..
Somewhat less
Larry wants to purchase an individual disability income policy to
provide continuous income while disabled, he is also covered
by a 2 month wage continuation benefit from his employer.
What should the policy elimination period be for his individual
policy
60 days
