Sickness - Study guides, Class notes & Summaries

MICHIGAN LIFE AND HEALTH FINAL EXAM / 80+ QUESTIONS AND CORRECT ANSWERS 2023/2024 / GRADED A+. Final Exam-Michigan Life and Health 1. What amount will be paid under a policy where the insured misstated his/her age?: an amount the premium would have purchased at the correct age 2. the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days: 30 days 3. which of these is considered to be a Living benefit option in a lif...

All of the following are correct about the required provisions of a health insurance policy EXCEPT A. The entire contract clause means the signed application, policy, endorsements, and attachments constitute the entire contract. B. A reinstated policy provides immediate coverage for an illness. C. Policies become incontestable after being in force for 3 years. D. A grace period of 31 days is found in an annual pay policy. - correct answer B. A reinstated policy provides immediate co...

WV Life And Health Or Sickness Insurance Laws And Regulations Exam Questions And Answers 2024

CA Insurance Exam Life, Accident, Sickness or Health

GA LIFE ACCIDENT AND SICKNESS EXAM QUESTIONS AND ANSWERS At what point must a life insurance applicant be informed of their right that fall under the fair credit reporting act? - Correct Answer ️️ -Upon the completion of the application A Group owned insurance company that is formed to assume and spread the liability risks of its members is known as a: - Correct Answer ️️ -Risk retention group Who elects the governing body of a mutual insurance company - Correct Answer ️️ - Po...

which of the following is not correct concerning taxation of disability income benefits? - Answer-if paid by the individual, the premiums are tax deductible an employee that becomes ineligible for group coverage because of termination of employment or change in status, must exercise extension of benefits under COBRA - Answer-within 60 days Elaine's basic hospital expense policy has a $500 per day limit for room and board in a hospital with a max of 5 days. Elaine got sick and had to spend...

accidental death is also known as... - double, ,multiple, or triple indemnity 90 days Are dividends a return of an overcharge of premiums or a gain? - Not a profit but a return of excess premiums. policyowners pays a somewhat higher "gross" prmium and is entitled to policy dividends as declared by insurers. absolute assignment - transfers all incidents of ownership Why does whole life represent permanent ins? why ask why - Whole life is level premium, fixed amount policy which offers co...

CA PSI-LIFE, ACCIDENT, AND HEALTH OR SICKNESS PRACTICE EXAM 1 STUDY MATERIALS QUESTION AND ANSWERS (VERIFIED ANSWERS)

Louisiana life, health, accident or sickness insurance section 103 rated A+ defined benefit plan the employer specifies amount of benefits promised to the employee defined contribution plan focuses on contributions rather than on the benefits they will pay out tax deductible a qualified expense that may reduce the amount of income subject to taxation Attained Age the insured's age at the time the policy is issued or renewed Benefit Period a period of time during which benefits are paid unde...

LIFE ACCIDENT and SICKNESS GA EXAM QUESTIONS AND ANSWERS 100% PASS What is the maximum yearly contribution can an individual make into an IRA? An HR- 10? - Correct Answer ️️ -2,000 or 100% of earned income, whichever is less; 100% of earned income up to $41,000 which is broader? acc bodily injury or accidental means? - Correct Answer ️️ - accidental bodily injury Who manages a reciprocal? - Correct Answer ️️ -attorney in fact Reserves are defined as... - Correct Answer ️️...