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
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