Connecticut Life and Health Final Exam Questions and Answers 100% Solved correctly
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Connecticut Life and Health Fina
Institution
Connecticut Life And Health Fina
Convert the cash value to a paid-up term policy
Gives policyowner ability to borrow against funds within two years
Increases policy's face amount
Provide supplemental income in 35 years - ️️Provide supplemental income in 35
years - whole kife policies typically begin to accrue cash value du...
Connecticut Life and Health Final Exam
Convert the cash value to a paid-up term policy
Gives policyowner ability to borrow against funds within two years
Increases policy's face amount
Provide supplemental income in 35 years - ✔️✔️Provide supplemental income in 35
years - whole kife policies typically begin to accrue cash value during the 3rd year after
issue. The cash value that accumulates can be used to supplement income during
retirement years
Under an adjustable life insurance policy, which of the following may NOT be changed
without further underwriting?
The person insured
The period of coverage
The payment period
The plan of coverage - ✔️✔️The person insured - all of these may normally be
changed without further underwriting in an adjustable life insurance policy expect for the
"person insurance"
Which of the following must clearly be illustrated in all sales material for market value
adjusted annuities?
1. The market value adjustment must always be approved by the commissioner
2. The market value adjustment is always downward
3. The market value adjustment is always upwards
4. The market value adjustment can be either upward or downward - ✔️✔️4. The
market value adjustment can be either upward or downward
Someone who is licensed to negotiate a life settlement contract is called a - ✔️✔️Life
settlement broker
Chris has a single major medical contract which covers all medical expenses. His plan
is considered to be - ✔️✔️comprehensive
What typically changes at the re-entry option date found in some life insurance policies?
- ✔️✔️Premium - a re-entry option gives the insured the opportunity to provide
evidence of insurability at the end of the term to qualify to renew the policy at a lower
premium
In Connecticut, continuing education courses must be approved by the -
✔️✔️Commissioner
After a life insurance policy has been in effect for _____ year(s), it becomes
incontestable. - ✔️✔️2
, According to the Pregnancy Discrimination Act of 1978, employers must treat a
pregnancy in the same manner as - ✔️✔️any other medical disability - the pregnancy
discrimination act of 1978 requires that employers treat pregnancy in the same manner
as a disability for any other medical reason
Which of these noncontributory group plans would a claim likely result in the payment of
federal income?
1. Accidental health
2. Blanket health
3. Major medical
4. Disability income - ✔️✔️Disability income
During the liquidation phase of an annuity contract, to whom are the income benefits
normally payable to? - ✔️✔️Annuitant - the income benefits distributed during the
liquidation phase of an annuity contract are normally payable to the annuitant
All of these are duties that a producer may be required to perform when delivering an
insurance policy expect
Acquire a statement of good health signature
Gather the initial premium
Review policy with applicant
Leave a conditional receipt with client - ✔️✔️Leave a conditional receipt with client - a
conditional receipt is normally given prior to a policy being issued
According to the affordable care act, insurers can no longer deny health coverage due
to pre-existing conditions unless that plan is a(n) - ✔️✔️Grandfathered plan - under the
affordable care act, health insurers can no longer charge more or deny coverage to you
or your child because of a pre-existing health condition unless it is grandfathered health
plan
Which of the following types of insurers limits the exposures it writes to those of its
owners? - ✔️✔️Captive insurer - an insurer that confines largely limits the exposures it
writes to those of its owners is called a captive insurer
Which of the following could be a future use of cash value that builds in a recently-
purchased whole life insurance policy?
An accident and health insurance policy's premium requirements are set forth in which
of the following provisions? - ✔️✔️Consideration clause - sets forth an accident and
health insurance policy's premium requirements
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