CA Life and Health Exam questions and answers 100% verified.

CA Life and Health Exam questions and answers 100% verified. What kis kinsurance? k- k kcorrect kanswer. k k kInsurance kis kthe klegal kcontract kwhere ktwo kparties kagree kthat kif ksomething kwill khappen, ka kvalue kwill kbe kexchanged. What's kthe kdifference kbetween kpure krisk kand kspeculative krisk? k- k kcorrect kanswer. k k kPure krisk kis kwhen kyou'll klose kit kall kor kthere kwill kbe kno kchange. kSpeculative krisk kyou kcan keither kwin kor klose. What kis kperil? k- k kcorrect kanswer. k k kperil kis kthe kcauses kof kloss kinsured kagainst kin kan kinsurance kpolicy What kis khazard? k- k kcorrect kanswer. k k kconditions kthat kincrease kthe kprobability kof ksomething kbad khappening What's kthe kdiff kbetween kmoral, kmorale, kand kphysical khazard? k- k kcorrect kanswer. k k kphysical kis kthe khazard kthat kresults kfrom kphysical kbody kissues. kMoral khazard kis kthe kevaluation kof kcharacter k(lying) kmorale khazard kis kan kindifference kwhich kcauses krisk. What kis kthe klaw kof klarge knumbers? k- k kcorrect kanswer. k k kthe klarger kthe knumber kof kpeople kmore kexposed kto krisk, kthe kmore kpredictable kthe krisk koutcome. What kis kan kinsurable kevent? k- k kcorrect kanswer. k k kthe kmore kpredictable kan kevent, kthe kmore kinsurable kit kbecomes What's kthe kdiff kbetween kcontract kand ktort klaw k- k kcorrect kanswer. k k ktort kis knon-contract kand kprivate Four kmajor kelements kof ka kcontract k- k kcorrect kanswer. k k kagreement, kconsideration, kcompetent kparties, klegal kpurpose contract kof kadhesion k- k kcorrect kanswer. k k kprepared kby kinsurer kthen kaccepted kor krejected Conditional kcontract k- k kcorrect kanswer. k k kconditions kneed kto kbe kmet kin korder kfor kcontract kto kbe kexecuted aleatory kcontract k- k kcorrect kanswer. k k kexchange kof kunequal kamounts kof kvalue unilateral kcontract k- k kcorrect kanswer. k k konly kone kparty kis kforced kto kdo ksomething personal kcontract k- k kcorrect kanswer. k k kcan't kbe ktransferred kw/out knotifying kinsurer When kcan kyou krescind ka kcontract k- k kcorrect kanswer. k k kintentional kor kunintentional kconcealment, kviolation kof kmaterial kwarranty, kfalse kmaterial krepresentation six kspecifications kfor kinsurance kpolicies k- k kcorrect kanswer. k k kparties kcontracted person kinsured statement kof kinsurable kinterest risks kinsured kagainst time kperiod stated kpremium 4 kcategories kof kinfo knecessary kfor kfinancial kplanning k- k kcorrect kanswer. k k kdebt income mortgage expenses key kperson kinsurance k- k kcorrect kanswer. k k klosing ksomeone kkey kto ka kbusiness buy-sell kinsurance k(business kcontinuation) k- k kcorrect kanswer. k k kwhat kwill kbe kdone kwith ka kbusiness kif kthe kowner kdies Premiums k- k kcorrect kanswer. k k klife kinsurance kpayment kinstallments term klife kinsurance k- k kcorrect kanswer. k k kcovered konly kfor ka kspecific kterm three ktypes kof kterm klife kinsurance k- k kcorrect kanswer. k k klevel increasing decreasing fixed klife kinsurance kis k- k kcorrect kanswer. k k kcontracts kthat koffer kguaranteed kminimum kor kstated kbenefits Variable klife kinsurance kis k- k kcorrect kanswer. k k kwhere kit kkeeps kplace kwith kinflation kand kcash kvalue kaccumulates kbased kupon ka kspecific kportfolio kof kstocks k(investment kbased) k; klevel kfixed Class kdesignation kfor kbeneficiaries k- k kcorrect kanswer. k k k Consideration kclause k- k kcorrect kanswer. k k kstates kvalue koffered kby kinsured k(amount kof kpremium kpayment) accumulation kperiod k- k kcorrect kanswer. k k kwhen kthe kannuitant kmakes kpayments kand kgrow ktax kdeferred What kis knot kfunded kby kan kannuity k- k kcorrect kanswer. k k kdeath kbenefits Annuitants kmust kbe ka k- k kcorrect kanswer. k k knatural kperson Gross kpremium k= k- k kcorrect kanswer. k k kMortality k- kInterest k+ kExpenses What ktypes kof kservices kare kprovided kunder klong-term kcare's kassisted kliving k- k kcorrect kanswer. k k klinens kand kpersonal klaundry kservice assistance kwith kdressing kand kbathing reminders kregarding kmedication assistance kwith keating Assisted kliving koffers knonmedical kassistance. What kdoes kthe kguaranteed kinsurability krider kallow kfor k- k kcorrect kanswer. k k kspecific kadditional kamounts kof kinsurance kto kbe kpurchased kat kspecific kages, kdates kand kevents kwithout kproving kinsurability however, kthe kcoverage kis kpurchased kat kthe kinsured's kattained kage kand kthe kmaximum kallowable kpurchase kis kspecified kin kthe kbase kpolicy. k This krider kusually kexpires kat kthe kinsured's kage k40. A ktax-sheltered kannuity kis ka kspecial ktax-favored kretirement kplan kavailable kto k- k kcorrect kanswer. k k kCertain kgroups kof kemployees konly. The kinterest kearned kon kpolicy kdividends kis k- k kcorrect kanswer. k k kTaxable If ka kperson kreceives kbenefits kfor klong kterm kcare kfrom kMedi-Cal, kwhen kthat krecipient kdies, kthe kstate kmay k- k kcorrect kanswer. k k kPursue kasset krecovery kagainst kthe kestate kof kthe krecipient. According kto kthe kMedical kLoss kRatio k(MLR), kwhat kis kthe kminimum kpercentage kof khealth kcoverage kpremium kthat kmust kbe kapplied kto kactual kmedical kcare kin ka klarge kgroup khealth kplan? k- k kcorrect kanswer. k k k85, k80 kfor ksmall What kis knot kcovered kunder ka klong-term kcare kpolicy? k- k kcorrect kanswer. k k kAcute kcare kin khospital Who kowns kthe kpolicy kin kexecutive kbonuses k- k kcorrect kanswer. k k kemployee Where kdoes kinfo kfrom kMIB kcome kfrom k- k kcorrect kanswer. k k kunderwriting kdisclosures What kis kcovered kunder kMedicare kA k- k kcorrect kanswer. k k ka) kPost-hospital knursing kcare. b) kHome khealth kservices. c) kIn-patient khospital kservices What khappens kwhen kyou khave ktwo kor kmore khealth kplans k- k kcorrect kanswer. k k kbenefits kare kcoordinated A kperson kwho kcan konly ksell klife kinsurance kis kcalled k- k kcorrect kanswer. k k ka klife-only kagent What kis ka kdread kdisease kpolicy k- k kcorrect kanswer. k k klimited kpolicy kthat kspecifically koverwrites kcancer kexpense A khospital kindemnity kpolicy kwill kpay k- k kcorrect kanswer. k k kA kbenefit kfor keach kday kthe kinsured kis kin ka khospital. Who kmust kpay kfor kthe kcost kof ka kmedical kexamination krequired kin kthe kprocess kof kunderwriting? k- k kcorrect kanswer. k k kInsurer The kpaid-up kaddition koption kuses kthe kdividend k- k kcorrect kanswer. k k kTo kpurchase ka ksmaller kamount kof kthe ksame ktype kof kinsurance kas kthe koriginal kpolicy. An kinsured kreceives kan kannual klife kinsurance kdividend kcheck. kWhat kterm kbest kdescribes kthis karrangement? k- k kcorrect kanswer. k k kcash koption In kreference kto kthe kstandard kMedicare kSupplement kbenefits kplans, kwhat kdoes kthe kterm kstandard kmean? k- k kcorrect kanswer. k k kAll kproviders kwill khave kthe ksame kcoverage koptions kand kconditions kfor keach kplan. A kdomestic kinsurer kissuing kvariable kcontracts kmust kestablish kone kor kmore k- k kcorrect kanswer. k k kseparate kaccounts If ka kfirm khas k30 kemployees kthat kare kactively kengaged kin kbusiness kon kat kleast k50% kof kits kworking kdays kduring kthe kpreceding kcalendar kyear, kwhat kis kits kclassification? k- k kcorrect kanswer. k k ksmall kemployer In ka knon-contributory kgroup khealth kplan k- k kcorrect kanswer. k k kThe kemployees kdo knot kelect kto kparticipate kin kthe kplan kand ksince kthe kemployer kpays kthe kpremium, kall keligible kemployees kare kcovered kunder kthe kplan.