EXAMFX LIFE AND HEALTH EXAM NEWEST ACTUAL
COMPLETE 300 REAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+(2025/2026)
premiums are tax deductible and benefits are not taxed -
ANSWER-which of the following is correct regarding the
taxation of group medical expense premiums and benefits?
$5,000 - ANSWER-an insured has a primary group health plan
and an excess plan, each covering losses up to $10,000. The
insured suffered a loss of $15,000. Disregarding any
copayments or deductibles, how much will the excess plan
pay?
10 days - ANSWER-An insured pays a monthly premium of $100
for her health insurance. What would be the duration of the
grace period under her policy?
The policyowner can specify the way proceeds are split in the
policy -
,ANSWER-The owner of a life insurance policy wishes to name
two beneficiaries for the policy proceeds. What will the
soliciting insurance producer say?
Needs substantial hands on or standby assistance with ADLs. -
ANSWERQualified long-term care policies covering home care
must provide benefits if the insured is impaired in at least two
of the six activities of daily living (ADL). The term "impaired"
means
Part A - ANSWER-The part of Medicare that helps pay for
inpatient hospital care, inpatient care in a skilled nursing
facility, home health care and hospice care, is known as
Dividends are not taxable - ANSWER-Which of the following is
true regarding taxation of dividends in participating policies?
The pre-existing condition waiting period fulfilled in the old
policy will be transferred to the new policy, the new one picking
up where the old one left off - ANSWER-An individual
purchased a Medicare supplement policy in March and decided
to replace it 2 months later. His history of coronary artery
disease is considered a pre-existing condition. Which of the
following is true?
, 12 credits - ANSWER-If a person is disabled at age 27 and
meets Social Security's definition of total disability, how many
work credits must he/she have earned to receive benefits?
To cover the expenses of retraining the insured to return to
work - ANSWERWhat is the purpose of the rehabilitation benefit
in disability insurance?
By state and local governments - ANSWER-Services provided
by the Health Insurance Counseling and Advocacy Program are
paid for
Prepaid Basis - ANSWER-An HMO is regarded as an organized
system of health care that provides a comprehensive array of
medical services on a
The benefits will be coordinated - ANSWER-A husband and wife
are insured under group health insurance plans at their own
places of employment, and as dependent under their spouse's
coverage. If one of them incurs hospital expenses, how will
those expenses likely be paid?
Automatic Premium Loan - ANSWER-Which of the following
protects the insured from an unintentional policy lapse due to a
nonpayment of premium?
COMPLETE 300 REAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+(2025/2026)
premiums are tax deductible and benefits are not taxed -
ANSWER-which of the following is correct regarding the
taxation of group medical expense premiums and benefits?
$5,000 - ANSWER-an insured has a primary group health plan
and an excess plan, each covering losses up to $10,000. The
insured suffered a loss of $15,000. Disregarding any
copayments or deductibles, how much will the excess plan
pay?
10 days - ANSWER-An insured pays a monthly premium of $100
for her health insurance. What would be the duration of the
grace period under her policy?
The policyowner can specify the way proceeds are split in the
policy -
,ANSWER-The owner of a life insurance policy wishes to name
two beneficiaries for the policy proceeds. What will the
soliciting insurance producer say?
Needs substantial hands on or standby assistance with ADLs. -
ANSWERQualified long-term care policies covering home care
must provide benefits if the insured is impaired in at least two
of the six activities of daily living (ADL). The term "impaired"
means
Part A - ANSWER-The part of Medicare that helps pay for
inpatient hospital care, inpatient care in a skilled nursing
facility, home health care and hospice care, is known as
Dividends are not taxable - ANSWER-Which of the following is
true regarding taxation of dividends in participating policies?
The pre-existing condition waiting period fulfilled in the old
policy will be transferred to the new policy, the new one picking
up where the old one left off - ANSWER-An individual
purchased a Medicare supplement policy in March and decided
to replace it 2 months later. His history of coronary artery
disease is considered a pre-existing condition. Which of the
following is true?
, 12 credits - ANSWER-If a person is disabled at age 27 and
meets Social Security's definition of total disability, how many
work credits must he/she have earned to receive benefits?
To cover the expenses of retraining the insured to return to
work - ANSWERWhat is the purpose of the rehabilitation benefit
in disability insurance?
By state and local governments - ANSWER-Services provided
by the Health Insurance Counseling and Advocacy Program are
paid for
Prepaid Basis - ANSWER-An HMO is regarded as an organized
system of health care that provides a comprehensive array of
medical services on a
The benefits will be coordinated - ANSWER-A husband and wife
are insured under group health insurance plans at their own
places of employment, and as dependent under their spouse's
coverage. If one of them incurs hospital expenses, how will
those expenses likely be paid?
Automatic Premium Loan - ANSWER-Which of the following
protects the insured from an unintentional policy lapse due to a
nonpayment of premium?
