Health Insurance Exam | Questions and Verified Answers | Grade A (2024 / 2025 Update)
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Course
Health Insurance
Institution
Health Insurance
Health Insurance Exam | Questions and Verified Answers | Grade A (2024 / 2025 Update)
Question:
How long can an insurer legally defer paying the cash value of a surrendered life insurance policy?
Answer:
6 months
Question:
What kind of life policy typically offers mortgage protectio...
Health Insurance Exam | Questions
and Verified Answers | Grade A
( Update)
Question:
How long can an insurer legally defer paying the cash value of a surrendered
life insurance policy?
Answer:
6 months
Question:
What kind of life policy typically offers mortgage protection?
Answer:
Decreasing term
Question:
Which statement concerning a decreasing term life policy is accurate?
Answer:
Face amount decreases over the policy period
,Question:
An insurance policy that can also be classified as a securities product is called
Answer:
variable life
Question:
Rick owns a variable universal life policy and chooses a variable death benefit
option. What will typically happen to the death benefit as a result of this
selection?
Answer:
Fluctuate with changes in the cash account
Question:
How are monthly life annuity benefit payments treated under a tax sheltered
annuity (TSA)?
Answer:
Taxed as ordinary income in the year received
Question:
Voluntarily terminating an insurance policy is also known as
Answer:
cancellation
,Question:
The administrator for a company's pension plan bought an accumulation
annuity contract for its 2,000 employees. All 2,000 participating employees
received certificates of participation. What kind of contract is this?
Answer:
Group deferred annuity
Question:
Which of the following statements BEST describes the HIPAA portability
rules for an individual who changes from one group medical plan to another?
Answer:
Reduces or eliminates any pre-existing conditions excluded under the new
plan
Question:
Mary is the sole proprietor of her business and has a family health plan. She
would like to deduct the premiums from her taxes. What percentage of her
premiums are tax deductible?
Answer:
100%
, Question:
The type of health insurance in which underwriting procedures are the most
restrictive is
Answer:
Individual
Question:
Part A Medicare includes coverage for all of the following services EXCEPT
Answer:
120 days of Skilled Nursing Facility care
Question:
Which tax is normally associated with an individual's death?
Answer:
Federal estate tax
Question:
Kyle is an insured who disregarded an accident and health insurance policy
provision that requires him to seek a second surgical opinion. What will the
end result be?
Answer:
He may be reimbursed for the surgical procedure at a reduced benefit level
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