NY state insurance license practice exam Questions And Answers/Accident and Health Insurance Agent/Broker Practice Exam/NY Life and Health Questions And Answers/NYS Life, Accident and Health/New York Accident & Health Insurance/Northwestern Mutual Final E

Sally is considering her Medicare options. She understands that to enroll in Medicare Part B, she will have to pay a monthly premium. Since she is healthy, she is considering delaying her enrollment until later. Will she be able to enroll at a later date? 1.Yes, she can enroll at anytime in the f...

The insurer can increase the policy premium on an individual basis. - Answer- Which of the following is NOT a feature of a guaranteed renewable provision? Coverage is not renewable beyond the insured's age 65. The insured's benefits cannot be reduced. The insurer can increase the policy premi...

Agent Licesne - Answer- Noone can sell insurance without license but you dont need to pass test if you are employees of licesed insurance agent wh do nt solicit, licensed attorneys, actuaries or cpas who provid ino, regular salaried implyees who devote little tie, an agent oof a graternal benefit so...

3 years. - Answer- Life settlement brokers must keep a record of commission and compensation disclosures for life settlement contracts for the minimum of how many years? 15 days. - Answer- In a life settlement transaction, the owner must be made aware of his or her right to rescind the contract w...

Which life insurance policy provision prohibits a beneficiary from "commuting, encumbering, withdrawing, or assigning" any portion of the proceeds prior to actual receipt from the company? - Answer- Spendthrift clause Which life insurance settlement option pays a stated monthly benefit until bo...

Based on the Human Life Value Approach, which of the following is NOT used to calculate an individual's life value? A. Insured's annual expenses B. Effect of inflation on income over time C. Predicted needs of the family after the insured's death D. Insured's current and future income - C. P...

information about the premium and policy limites, the identity and address of the named insured, and the policy period is found in which part of the insurance policy? - Answer- Declaration page if an insured intentioanlly conceals a material fact on an application for insurance, the coverage may ...