©BRAINBARTER 2024/2025
Final exam- Vermont life and health
Questions With 100% Verified Answers
Which of the following is NOT a basic underwriting action for accident and health insurance? -
answer✔Removing uniform policy provisions
Long-term care policies will usually pay for eligible benefits to using which of the following
methods - answer✔Expense incurred
T is covered by an accidental death and dismemberment (AD&D) policy that contains an
irrevocable beneficiary. What action will the insurance company take if T requests a change of
beneficiary? - answer✔Request of the change will be refused
Which of these do NOT indicate the presence of insurance interest in a life insurance contract -
answer✔Lifelong friendship
When an individual is planning to protect his family with life insurance one method of doing so
is called needs analysis what exactly does needs analysis involve? - answer✔Establishes the
needs of the individual and his dependents
Which of these is not a factor that influences group health insurance underwriting? -
answer✔Physical exams of group members
, ©BRAINBARTER 2024/2025
Which one of these is not considered to be an element of an insurable risk - answer✔Speculative
risk
Newborn children are automatically covered under an existing family medical plan at the
moment of birth for a period of at least (# days) - answer✔31
Under what circumstances does an accident and health insurance have the right to request an
autopsy - answer✔We're not prohibited by state law
Which of these annuity contract features is meant to discourage withdrawals and exchanges? -
answer✔Surrender charges
Under a deferred annuity, which contract feature initially charges a 5-10% fee that eventually
reduces to $0 after a stated amount of time? - answer✔surrender charge
Which of the following is an example of defamation? - answer✔Making a statement that is false
or maliciously critical of the financial condition of an insurer
Which report contains information regarding an individual's general reputation and credit
standing? - answer✔Consumer report
How are the premiums for an individually-owned disability income policy treated for tax
purposes? - answer✔Not tax-deductible at all
Which of these is NOT an underwriting responsibility of a life insurance agent? -
answer✔Determining the final rate classification
, ©BRAINBARTER 2024/2025
Disability income policies provide protection for which of the following - answer✔Economic
death
Mike recently lost sight in both eyes. He has a policy that pays a lump sum benefit for this
injury. What type of insurance does Mike have? - answer✔Accidental Death and
Dismemberment
The reason for backdating a policy is - answer✔to obtain a premium rate based on an earlier age
According to ERISA regulations, a Summary Plan Description must be provided to a new plan
member within ___ days of the member's eligibility date. - answer✔90
A licensee who is required to take continuing education must complete 24 hours of continuing
education, which includes ___ hour(s) of ethics courseworks? - answer✔3
Group life insurance is typically issued as - answer✔level term insurance
What is it in insurance contract that identifies individuals by relationship to a specific
organization - answer✔Group insurance
Insurance producer Kelly offers a $500 shopping card if a client purchases an insurance product
through her. What is this an example of? - answer✔Rebating, which is an unfair trade practice
In a disability buy-sell agreement, the policies funding the agreement are owned by the -
answer✔Business entity
Final exam- Vermont life and health
Questions With 100% Verified Answers
Which of the following is NOT a basic underwriting action for accident and health insurance? -
answer✔Removing uniform policy provisions
Long-term care policies will usually pay for eligible benefits to using which of the following
methods - answer✔Expense incurred
T is covered by an accidental death and dismemberment (AD&D) policy that contains an
irrevocable beneficiary. What action will the insurance company take if T requests a change of
beneficiary? - answer✔Request of the change will be refused
Which of these do NOT indicate the presence of insurance interest in a life insurance contract -
answer✔Lifelong friendship
When an individual is planning to protect his family with life insurance one method of doing so
is called needs analysis what exactly does needs analysis involve? - answer✔Establishes the
needs of the individual and his dependents
Which of these is not a factor that influences group health insurance underwriting? -
answer✔Physical exams of group members
, ©BRAINBARTER 2024/2025
Which one of these is not considered to be an element of an insurable risk - answer✔Speculative
risk
Newborn children are automatically covered under an existing family medical plan at the
moment of birth for a period of at least (# days) - answer✔31
Under what circumstances does an accident and health insurance have the right to request an
autopsy - answer✔We're not prohibited by state law
Which of these annuity contract features is meant to discourage withdrawals and exchanges? -
answer✔Surrender charges
Under a deferred annuity, which contract feature initially charges a 5-10% fee that eventually
reduces to $0 after a stated amount of time? - answer✔surrender charge
Which of the following is an example of defamation? - answer✔Making a statement that is false
or maliciously critical of the financial condition of an insurer
Which report contains information regarding an individual's general reputation and credit
standing? - answer✔Consumer report
How are the premiums for an individually-owned disability income policy treated for tax
purposes? - answer✔Not tax-deductible at all
Which of these is NOT an underwriting responsibility of a life insurance agent? -
answer✔Determining the final rate classification
, ©BRAINBARTER 2024/2025
Disability income policies provide protection for which of the following - answer✔Economic
death
Mike recently lost sight in both eyes. He has a policy that pays a lump sum benefit for this
injury. What type of insurance does Mike have? - answer✔Accidental Death and
Dismemberment
The reason for backdating a policy is - answer✔to obtain a premium rate based on an earlier age
According to ERISA regulations, a Summary Plan Description must be provided to a new plan
member within ___ days of the member's eligibility date. - answer✔90
A licensee who is required to take continuing education must complete 24 hours of continuing
education, which includes ___ hour(s) of ethics courseworks? - answer✔3
Group life insurance is typically issued as - answer✔level term insurance
What is it in insurance contract that identifies individuals by relationship to a specific
organization - answer✔Group insurance
Insurance producer Kelly offers a $500 shopping card if a client purchases an insurance product
through her. What is this an example of? - answer✔Rebating, which is an unfair trade practice
In a disability buy-sell agreement, the policies funding the agreement are owned by the -
answer✔Business entity
