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North Carolina life, accident and health or sickness, agent, comprehensive final exam Questions and Answers 2024 $13.99   Add to cart
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North Carolina life, accident and health or sickness, agent, comprehensive final exam Questions and Answers 2024
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North Carolina life, accident and health or sickness, agent, comprehensive final exam

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  • October 14, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • north carolina life accident and health or sickne

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  • North Carolina accident and health insurance
  • North Carolina accident and health insurance

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North Carolina life, accident and health
or sickness, agent, comprehensive final
exam

D needs life insurance that provides coverage for only a limited amount of time while
also paying the lowest possible premium. What kind of policy is needed? - answerLevel
term

The reason for a business having a Business Overhead Expense Disability Plan is to
cover - answerfixed business expenses

What kind of special need would a policy owner require with an adjustable life insurance
policy? - answerflexible premiums

The consideration clause in a life insurance contract contains what pertinent information
- answerAmount of premium payments and when they are due

When funds are shifted straight from one IRA to another IRA, what percentage of the
tax is withheld? - answernone

Which of these statements concerning an individual straight life annuity is accurate -
answerPayments are made to an annuitant for life

Medicaid was designed to assist individuals who are - answerbelow a specific income
limit

A foreign insurance company is one that is incorporated - answerunder the laws of
another state

Which of the following actions is not possible with a universal life policy? -
answerPremiums may be applied as a credit against income tax

N is covered under an individual Disability policy with a 30-day Elimination period and a
monthly benefit of $500. N is totally disabled for 3 1/2 months. N's total benefit received
on this claim is - answer$1,250

Proceeds of the viatical settlement contract could be subject to the claims of -
answercreditors

, What is the primary factor that determines the benefits paid under a disability income
policy? - answerwages

According to the affordable care act (ACA), a dependent child's eligibility status is
determined by - answerAge

Stranger originated, life insurance has been found to be in violation of which of the
following contractual elements - answerLegal Purpose (Insurable Interest)

Which of the following actions will an insurance company most likely not take an
applicant, who has diabetes, applies for disability income policy? - answerIssue the
policy with an altered Time of Payment of Claims provision

The type of annuity that can be purchased with one monetary deposit is called a(n) -
answerImmediate annuity

Major Medical policies typically - answercontain a deductible and coinsurance

A level premium indicates - answerthe premium is fixed for the entire duration of the
contract

In North Carolina, an insurance agent is BEST defined as - answerA person who sells
solicits or negotiate contracts of insurance or annuity

Variable life products require a producer to - answerhold a Life Insurance license and a
Securities license

Which type of policy pays benefits to a policyholder covered under a Hospital Expense
policy? - answerreimbursement

Which of the following best describes how a preferred provider organization is less
restrictive than a health maintenance organization - answerMore physicians to choose
from

In a life insurance policy, which feature states that the policy will not cover certain risk -
answerexclusion

Medicare is intended for all of the following groups except - answerThose enrolled as a
full-time student

An agent inducing an insured to lapse, forfeit, or surrender insurance through
misrepresentation is committing the illegal act of - answertwisting

A renewable term policy is renewable at the option of the - answerinsured

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