Nebraska Life and Health Insurance Exam Pt. E Questions
and Verified Answers | 100% Correct | 2024Grade A+
Which of the following statements BEST describes the HIPAA probability rules for an
individual who changes from one group medical plan to another? - CORRECT
ANSWERS Reduces or eliminates any pre-existing conditions excluded under
the new plan
Under which circumstance can an insurance company offer Health insurance? -
CORRECT ANSWERS The sponsoring group provides an employer-employee
relationship
During an annuities liquidation phase, the annuity normally - CORRECT ANSWERS
Receive the benefit payments at regular intervals
In a disability income contract, an insured is considered to be totally disabled under
the presumptive disability provision if he/she - CORRECT ANSWERS loses the
ability to speak
The reason for backdating a policy is - CORRECT ANSWERS to obtain a
premium rate based on an earlier age
The beneficiary of a life insurance policy is normally selected by whom? - CORRECT
ANSWERS Policyowner
Which of the following is NOT included as a hospice benefit under a major medical
plan? - CORRECT ANSWERS rehabilitation
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No
further payments are permitted and the income stream begins in 15 years. This
contract is a(n) - CORRECT ANSWERS Single premium deferred annuity
Which of the following statements is TRUE if the owner of an IRA names their spouse
as a beneficiary, but then dies before any distributions are made? - CORRECT
ANSWERS The account can be rolled into the surviving spouse's IRA
During the liquidation phase of an annuity contract, to whom are the income
benefits, normally payable to? - CORRECT ANSWERS Annuitant
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 NURSINGGRADER2012. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
