Final Exam - Tennessee Life and Health Questions and Answers Already Graded A+. COMPLETE UPDATE.
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Course
Tennessee Life and Health
Institution
Tennessee Life And Health
Final Exam - Tennessee Life and Health Questions and Answers Already Graded A+. COMPLETE UPDATE.
Insurance policies are offered on a "take it or leave it" basis, which make them
- Correct Ans: d. Contracts of Adhesion
All of these statements about Equity Indexed Life Insurance are correct...
Final Exam - Tennessee Life and Health Questions and
Answers Already Graded A+. COMPLETE 2024-2025 UPDATE.
Insurance policies are offered on a "take it or leave it" basis, which make them
- Correct Ans: d. Contracts of Adhesion
All of these statements about Equity Indexed Life Insurance are correct EXCEPT
- Correct Ans: c. The premiums can be lowered or raised, based on investment
performance
P is the insured on a participating life policy. Which statement is true if P's premiums are
waived due to a disability?
- Correct Ans: c. P will still receive declared dividends
Which of the following actions require a policy owner to provide proof of insurability in an
Adjustable Life policy?
- Correct Ans: a. increase face amount
Which provision prevents an insurer from changing the terms of the contract with the policy
owner by referring to documents not found within the policy itself?
- Correct Ans: c. Entire Contract Provision
K pays on a $20,000 20-Year Endowment policy for 10 years and dies from an automobile
accident. How much will the insurance company pay the beneficiary?
- Correct Ans: c. $20,000 death benefit
, Which of the following types of organizations are prepaid group health plans, where members
pay in advance for the services of participating physicians and hospitals that have agreements?
- Correct Ans: b. HMO
Which of the following characteristics is CORRECT about Interest Sensitive Whole Life?
- Correct Ans: a. There is a flexible premium payment
K failed to pay a renewal premium within the time granted by the insurer. K then sends in a
payment which the insurer subsequently accepts. Which policy provision specifies that
coverage may be restored in this situation?
- Correct Ans: b. Reinstatement
Which of the following is an important underwriting principle of group life insurance?
- Correct Ans: b. Everyone must be covered in the group
Bryce purchased a disability income policy with a rider that guarantees him the
option of purchasing additional amounts of coverage at predetermined times without
requiring to provide evidence of insurability. What kind of rider is this?
- Correct Ans: a. Guaranteed insurability rider
The sections of an insurance contract which limit coverage are called
- Correct Ans: c. exclusions
A 66 year-old is covered under a group health plan while employed with a business that
has 40 employees. If she injures herself while walking in the park, what coverage would be
considered primary?
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