Arizona life and health final exam Questions And Answers All Verified By An Expert A+ Graded
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Course
ARIZONA LIFE AND HEALTH
Institution
ARIZONA LIFE AND HEALTH
The purpose of the 'No loss No Gain' provision is to avoid duplication of _____ and _____ when an individual is covered under multiple group health insurance plans: - ANS Benfit payments and overinsurance
A life insurance policy can usually be contested by the insurer only during the first ___...
exam
Questions And Answers All
Verified By An Expert A+ Graded
, The purpose of the 'No loss No Gain' provision is to avoid duplication of _____ and
_____ when an individual is covered under multiple group health insurance plans: -
ANS Benfit payments and overinsurance
A life insurance policy can usually be contested by the insurer only during the first ____
years of the contract - ANS 2 years
After an annuity has been in force for ____ years, it becomes incontestable - ANS 2
years
K
In long term care insurance, what is the length of time for which claims will be paid -
C
ANS Benefit period
After an insurance application has been originated, the producer normally - ANS Is the
LO
major personal contact to the insured
What happens to a life insurance policy when the policy loan balance exceeds the cash
value - ANS Policy will no longer be in force
YC
The ACA must ensure a sufficient choice of ______ in the marketplace - ANS
Providers
Which of the following statements BEST describes employer contributions for employer
provided health insurance - ANS Employer contributions are deductible
D
An annuity's accumulation period may - ANS Continue after the purchase payments
U
stop
Which of these is NOT an underwriting responsibility of a life insurance agent - ANS
ST
Determining the final rate classification
What happens to the death benefit of a life insurance policy if the insured elects a partial
payment from the accelerated (living) benefit provision - ANS Reduced
Mike applied for life insurance and was issued a conditional receipt. He is later found to
be insurable and is issued a policy. When does his coverage become effective? - ANS
Date of issuance of the conditional receipt
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