Missouri Life and Health Insurance Exams with complete solution

Which of the following types of care is typically not covered in a Long-Term Care policy - Accupuncture S is close to retiring and would like to purchase a policy that will yield greater gains than bonds, but will still protect the principal with minimum level or risk. Which product would S be ad...

Whose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? - policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February ...

401(k) Plan - A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment - Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or...

Requirements for the life insurance illustrations - They may only be used as approved, they must identify non guaranteed values, they must differentiate between guaranteed and projected amounts Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also ...

Term life - Insurance provides pure death protection since it only pays a death benefit if the insured dies during the policy term. Term life insurance does not accrue cash value Whole life - Insurance provides death benefits for the entire life of the insured. It also provides living benefits in...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the: a) insuring clause b) consideration clause c) entire contract d) owner's rights - Answer insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedu...

Insurance transaction includes: - By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen W...

Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud - Performance is conditioned upon a future occurence, ...