XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated

XCel 2-15 florida life & health state exam simulator/Answered/A+ Rated what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability to perform two or more activities of daily living may trigger which type of life policy rider long term care 3 MULTIPLE CHOICE OPTIONS B recently died and was insured with a life insurance policy for over five years. During the claims process, the insurer discovered that B had understated his age by 5 years at the time of application. In this situation, the insurer will pay the amount that the premium would have purchased at the correct age 3 MULTIPLE CHOICE OPTIONS what action can a policyowner take if an application for a bank loan requires collateral assign policy ownership to the bank 3 MULTIPLE CHOICE OPTIONS what is required in the Florida Employee Health Care Access Act small group benefit plans are to be issued on a guarantee issue basis 3 MULTIPLE CHOICE OPTIONS P is a forty year old woman and would like to purchase an annuity that will provide a lifetime income stream beginning at age sixty. Which of the following did she NOT buy? an immediate annuity 3 MULTIPLE CHOICE OPTIONS the situation in which a group of physicians are salaried employees and conduct business in an hmo facility is called closed panel 3 MULTIPLE CHOICE OPTIONS T sends proof of loss to her insurer for an acceptable medical expense claim under her individual Health Insurance policy. Upon receipt, the insurer must pay the benefits immediately 3 MULTIPLE CHOICE OPTIONS an application for medicare supplement coverage may not be denied by the insurer if the application was submitted within ______ month(s) after the applicant reaches the age 65 six 3 MULTIPLE CHOICE OPTIONS when a policyowner cash surrenders a universal life insurance policy in its early years, this may be considered a red flag for a(n) anti money laundering violation 3 MULTIPLE CHOICE OPTIONS When is a Group Health policy required to provide coverage for a newborn child? at the moment of birth 3 MULTIPLE CHOICE OPTIONS which of the following situations does not apply to the florida replacement rule an existing policyholder purchases an additional policy from the same insurer 3 MULTIPLE CHOICE OPTIONS under a renewable term policy the renewal premium is calculated on the basis of the insured's attained age 3 MULTIPLE CHOICE OPTIONS D owns a Whole Life policy that was purchased 10 years ago. If the premium payments suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer likely proceed with? extended term 3 MULTIPLE CHOICE OPTIONS In Florida, which employee is eligible for an employer's group term life plan? employee who works more than 40 hours per week 3 MULTIPLE CHOICE OPTIONS which of the following statements is correct regarding an employer/employee group health plan the employer receives a master policy and the employees receive certificates 3 MULTIPLE CHOICE OPTIONS all of the following statements regarding a tax sheltered annuity (tsa) are true except income derived from the tsa is received income tax free 3 MULTIPLE CHOICE OPTIONS How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? if the primary beneficiary dies before the insured 3 MULTIPLE CHOICE OPTIONS A student pilot can pay regular premium costs for her life insurance policy with the addition of which of the following?