Nevada Life, Accident, Health Insurance Exam Practice with 100% Correct Answers Bundled Package

Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia that leaves him unable to work from January 1 until January 15. He then becomes disabled from an accident on February 1 and the disability last until July 1 the same year. She will become eligible to receive be...

Term insurance Correct Answer temporary protection because it only provides coverage for a specific period of time Face amount Correct Answer death benefit 3 basic types of term coverage Correct Answer level, increasing, decreasing - based on how the face amount changes during the policy te...

COBRA (because she can convert, and if she has a long term illness it it will be hard for her to get approved for individual insurance) Correct Answer Kevin and Nancy are married; Kevin is the primary breadwinner and has a health insurance policy that covers both him and his wife. Nancy has an illne...

Ordinary Whole Life Correct Answer Ordinary whole life insurance provides insurance protection to age 100, cash value accumulation to age 100, and fixed level premium payments. Limited Pay Whole Life Correct Answer have level premiums that are limited to a certain period(less than life). The peri...

What term describes the specified dollar amount beyond which the insured no longer participates in the sharing of expenses? Correct Answer Stop-loss limit What would be INCORRECT about the required provisions of a health insurance policy? Correct Answer A reinstated policy provides immediate cove...

What are the four required elements of an insurance contract? Correct Answer Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? Correct Answer General Information and the Medical Information. An agent's report can go in a life ins...