Exam (elaborations)
FX OREGON LIFE/HEALTH INSURANCE EXAM 2024/2025
- Course
- Institution
FX OREGON LIFE/HEALTH INSURANCE EXAM 2024/2025
[Show more]
Content preview
FX OREGON LIFE/HEALTH INSURANCEEXAM 2024/2025
which policy component decrease in decreasing term insurance? -
Precise Answer ✔✔face amount
Your client plans to retire at age 50. he would like to purchase an
annuity that would provide income from the time he retires to the age
when social security and other pension funds become available. What
settlement option should he consider? - Precise Answer ✔✔Annuity
certain
which of the following programs expands individual public assistance
programs for people with insufficient income and resources? - Precise
Answer ✔✔Medicaid
in an annuity, the accumulated money is converted into a stream of
income during which time period? - Precise Answer ✔✔Annuitization
period
Which of the following best describes the difference between Pure Life
and Life with Guaranteed Minimum settlement options? - Precise
Answer ✔✔life with guaranteed minimum will pay the remaining
principal to the beneficiary
, An insured pays a monthly premium of $100 for her health insurance.
What would be the duration of the grace period under the policy? -
Precise Answer ✔✔10 days
under an extended term nonforfeiture option, the policy cash value is
converted to - Precise Answer ✔✔The same face amount as in the
whole life policy
In order to collect Social Security disability benefits, the claimant must
be able to demonstrate the the disability will last at least - Precise
Answer ✔✔12 monthes
Which of the following is not true of Disability Buy-Sell coverage? -
Precise Answer ✔✔Benefits are considered taxable income to the
business
Who guarantees a conventional fully-insured group plan? - Precise
Answer ✔✔the insurer
Which of the following groups seeking health insurance would represent
a bad risk for underwriters? - Precise Answer ✔✔A group that changes
insurance annually
When a group health insurance plan is terminated, how long is an
extension of benefits provided for any totally disabled employee or
dependent? - Precise Answer ✔✔12 monthes
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YANCHY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now