Wisconsin Accident and Health Insurance Exam 4 Study Questions and Answers 2024
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Course
Wisconsin Accident and Health Insurance
Institution
Wisconsin Accident And Health Insurance
If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased
at the insurer's discretion.
at least once per year from policy issue.
at least once per year from when benefits begin.
based on the performance of the S&P. - ANSWER-at least once pe...
Wisconsin Accident and Health
Insurance Exam 4 Study Questions and
Answers 2024
If a disability income policy contains a cost-of-living adjustment rider, benefits must
typically be increased
at the insurer's discretion.
at least once per year from policy issue.
at least once per year from when benefits begin.
based on the performance of the S&P. - ANSWER-at least once per year from when
benefits begin.
A disabled business owner who has payroll and business expenses paid for has what
kind of insurance policy?
All of these are duties that a producer may be required to perform when delivering an
insurance policy EXCEPT
Acquire a statement of good health signature.
Gather the initial premium.
Review policy with applicant.
Leave a conditional receipt with client. - ANSWER-Leave a conditional receipt with
client.
Which of the following is NOT a function of accident and health insurance?
Pays a death benefit as a result of natural causes.
Covers the loss of income from a disability.
Covers the cost of medical care as a result of an accident.
, Wisconsin Accident and Health Insurance Exam 4
Pays for hospice care in the event of a terminal illness. - ANSWER-Pays a death benefit
as a result of natural causes.
Short-term group disability income benefits are
always paid income-tax free to the employee.
a percentage of weekly earnings up to to a stated maximum.
only payable if the disability was work-related.
taxable to the employee when the plan is fully contributory. - ANSWER-a percentage of
weekly earnings up to to a stated maximum.
Under a key person disability income policy, benefits will be received as
taxable income to the key employee.
tax-free to the key employee.
tax-free income to the business.
taxable income to the business. - ANSWER-tax-free income to the business.
Which of these noncontributory group plans would a claim likely result in the payment of
federal income taxes?
Bert's spouse passed away recently. Bert was covered under his spouse's group family
health insurance plan but now is covered under COBRA. How much of the active-
employee cost may be passed on to Bert for continued coverage?
No maximum
Maximum of 50%
Maximum of 100%
Maximum of 102% - ANSWER-Maximum of 102%
Pat is covered by a disability income insurance policy that covers disabilities arising
from a work-related illness or injury. The amount of his disability income payments for
an on-the-job injury may be reduced by
Medical expenses covered under Pat's employer-sponsored group health insurance.
Benefits paid under workers compensation.
Income earned by Pat's spouse.
A deductible stated in the policy's provisions. - ANSWER-Benefits paid under workers
compensation.
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