Health Insurance Exam | Questions and Verified Answers | Grade A (2024 / 2025 Update)
11 views 0 purchase
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller quiz_bit. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
