Exam (elaborations)
MISSISSIPPI LIFE, HEALTH, & ACCIDENT PRACTICE TEST QUESTIONS AND ANSWERS
- Course
- Institution
MISSISSIPPI LIFE, HEALTH, & ACCIDENT PRACTICE TEST QUESTIONS AND ANSWERS
[Show more]
Content preview
1-200 of 200All of the following statements about term insurance are correct EXCEPT
A. term coverage lasts only for the term of the policy
B. term insurance provides only a death benefit
C. premiums are higher than other types of life insurance policies
D. no death benefit is payable if the insured dies after the term expires
Give this one a try later!
, C. premiums are higher than other types of life insurance policies
At what age is an individual no longer subject to early withdrawal penalties under an
IRA?
A. 55
B. 55 1⁄2
C. 59
D. 59 1⁄2
Give this one a try later!
D. 59 1⁄2
Which standard nonforfeiture option would use a whole life policy's surrender value
to purchase a paid-up policy with a smaller face amount of insurance than the original
policy
A. Reduced term insurance
B. Reduced paid-up insurance
C. Extended term insurance
D. Extended paid-up insurance
Give this one a try later!
B. Reduced paid-up insurance
As a marketing tool, Ted, a health insurance agent, offered to send an applicant and
his wife on a weekend vacation to a local resort to induce the
,applicant to purchase a policy. Is this practice permitted and, if not, what is it called
A. No; bait and switch
B. No; twisting
C. Yes, it is perfectly acceptable
D. No; rebating
Give this one a try later!
D. No; rebating
If a person has health insurance coverage with a change of occupation provision and
the person is injured after changing to a more hazardous occupation
A. The policy becomes void
B. Additional premiums must be paid to receive benefits
C. Benefits payable will be reduced to the level that the premium would have
provided for the new occupation
D. Full benefits are payable
Give this one a try later!
C. Benefits payable will be reduced to the level that the premium would
have provided for the new occupation
Which term best defines insured is disabled if they are unable to perform the duties of
any occupation for which they are reasonably qualified by education, training, or
experience
A. Own Occupation
B. Any Occupation
C. Presumptive Disability
D. Non-Occupational
, Give this one a try later!
B. Any Occupation
The purpose of COBRA requirements concerns
A. Continuation of health insurance
B. Coordination of health benefits
C. Medicare supplement coverage
D. Nondiscrimination in group health plans
Give this one a try later!
A. Continuation of health insurance
The Medical Information Bureau is a nonprofit organization supported by
A. The federal government
B. State government
C. Federal and State government
D. Insurance companies
Give this one a try later!
D. Insurance companies
Which of the following is allowed to cancel a non-cancelable renewability provision
under health insurance?
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 selftest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now