1. How long aƒ ter beingentitledto disability beneƒ its will an individual
be eligibleto receiveMedicarebeneƒ its?
A. immediately
B. 1 year
C. 2 years
D. At age 65: 2 years
2. Whatis the return oƒ premiumrider?
A. an increasing amount oƒ term insurance that always equals the total oƒ
premiums paid up to the current point
B. a provision that allows the insured to cancel the policy in the ƒ irst two
years and have premiums re ƒ unded
C. an increasing amount ƒo term insurance that equals the cash value ƒ the
o
policy at any point in time
D. a provision that states the insurer must return any premiums paid during
the ƒ ree-look period: an increasing amount ƒoterm insurance that always equals the totalƒ premiums
o
paidup to thecurrentpoint
3. In a home healthcare bene ƒ it, all oƒ the ƒ ollowing are eligible expenses
EXCEPT
A. intermittentpart-time nursing care;
B. physical, occupational,or speechtherapy;
C. bloodtransƒ usions
D. medical social services;: bloodtransƒ usions
4. All oƒ the ƒ ollowing are classiƒ ications oƒ risk EXCEPT
A. substandard
B. preƒ erred
,C. declined
D. non-nicotine: non-nicotine
5. Whichoƒ theƒ ollowingis exemptedƒ rom theincontestabilityprovision
in insurancepolicies?
A. ƒ raudulentmisstatements
B. pre -existing conditions
,C. change in health
D. changesin the insurancecode:ƒ raudulentmisstatements
6. A group conversionoptionmay be used in all the ƒ ollowing instancesEX-
CEPT
A. the terminationoƒ the masterpolicy.
B. loss oƒ coverage due to loss oƒ employment.
C. loss oƒ eligibility on the part oƒ a class oƒ insureds.
D. a li ƒ e-changing event, such as marriage, divorce, or childbirth.: a liƒ e-
changingevent,such as marriage,divorce,or childbirth.
7. Which oƒ the ƒ ollowing is characteristicoƒ a non-qualiƒ ied plan?
A. deƒ ined vesting schedule
B. plan established by the employer
C. plan does not meet ƒ ederal guidelines ƒ or tax beneƒ its
D. employer contributions are deductible business expenses: plan doesnotmeet
ƒederal guidelinesƒor tax beneƒits
8. What does it mean iƒ a health policy is conditionally renewable?
A. Insurer may electNOT to renewbased on thehealth oƒ the insured.
B. Insurer may elect NOT to renew ƒ or any reason only on the policy anniver -
sary or premium due date.
C. Insurer may elect NOT to renew only under conditions speci ƒ ied in the
policy.
D. Insurer may elect NOT to review iƒ the insured exceeds the maximum
number oƒ claims.: Insurer may elect NOT to renew only under conditions speci
ƒ ied in the policy.
9. Which oƒ the ƒ ollowing is TRUE oƒ an equity-indexedannuity?
A. It is a variable annuity.
B. It may decrease in value.
C. It requires a securities license to sell.
D. It has a guaranteedminimum interestrate.: It has a guaranteedminimuminterestrate
, 10. During which period o
ƒ a Disability Income Policy is coverageƒƒeective
but during which no bene ƒ its will be paid under the policy?
A. beneƒ it period
B. eliminationperiod
be eligibleto receiveMedicarebeneƒ its?
A. immediately
B. 1 year
C. 2 years
D. At age 65: 2 years
2. Whatis the return oƒ premiumrider?
A. an increasing amount oƒ term insurance that always equals the total oƒ
premiums paid up to the current point
B. a provision that allows the insured to cancel the policy in the ƒ irst two
years and have premiums re ƒ unded
C. an increasing amount ƒo term insurance that equals the cash value ƒ the
o
policy at any point in time
D. a provision that states the insurer must return any premiums paid during
the ƒ ree-look period: an increasing amount ƒoterm insurance that always equals the totalƒ premiums
o
paidup to thecurrentpoint
3. In a home healthcare bene ƒ it, all oƒ the ƒ ollowing are eligible expenses
EXCEPT
A. intermittentpart-time nursing care;
B. physical, occupational,or speechtherapy;
C. bloodtransƒ usions
D. medical social services;: bloodtransƒ usions
4. All oƒ the ƒ ollowing are classiƒ ications oƒ risk EXCEPT
A. substandard
B. preƒ erred
,C. declined
D. non-nicotine: non-nicotine
5. Whichoƒ theƒ ollowingis exemptedƒ rom theincontestabilityprovision
in insurancepolicies?
A. ƒ raudulentmisstatements
B. pre -existing conditions
,C. change in health
D. changesin the insurancecode:ƒ raudulentmisstatements
6. A group conversionoptionmay be used in all the ƒ ollowing instancesEX-
CEPT
A. the terminationoƒ the masterpolicy.
B. loss oƒ coverage due to loss oƒ employment.
C. loss oƒ eligibility on the part oƒ a class oƒ insureds.
D. a li ƒ e-changing event, such as marriage, divorce, or childbirth.: a liƒ e-
changingevent,such as marriage,divorce,or childbirth.
7. Which oƒ the ƒ ollowing is characteristicoƒ a non-qualiƒ ied plan?
A. deƒ ined vesting schedule
B. plan established by the employer
C. plan does not meet ƒ ederal guidelines ƒ or tax beneƒ its
D. employer contributions are deductible business expenses: plan doesnotmeet
ƒederal guidelinesƒor tax beneƒits
8. What does it mean iƒ a health policy is conditionally renewable?
A. Insurer may electNOT to renewbased on thehealth oƒ the insured.
B. Insurer may elect NOT to renew ƒ or any reason only on the policy anniver -
sary or premium due date.
C. Insurer may elect NOT to renew only under conditions speci ƒ ied in the
policy.
D. Insurer may elect NOT to review iƒ the insured exceeds the maximum
number oƒ claims.: Insurer may elect NOT to renew only under conditions speci
ƒ ied in the policy.
9. Which oƒ the ƒ ollowing is TRUE oƒ an equity-indexedannuity?
A. It is a variable annuity.
B. It may decrease in value.
C. It requires a securities license to sell.
D. It has a guaranteedminimum interestrate.: It has a guaranteedminimuminterestrate
, 10. During which period o
ƒ a Disability Income Policy is coverageƒƒeective
but during which no bene ƒ its will be paid under the policy?
A. beneƒ it period
B. eliminationperiod
