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A.D. BANKER Life & Health - Comprehensive Exam Questions And Answers Rated A+ New Update Assured Satisfaction

A.D. BANKER Life & Health - Comprehensive Exam Questions & 100% Verified Correct Answers with complete solutions (Latest update 2024 2025

With a Contributory Group Life Plan, what percentage of the employees must participate? correct answer: At least 75% A Contributory Plan is one in which the participants pay all or a portion of the premiums. The high enrollment percentage, 75%, helps to minimize the risk of adverse selection. Which of the following is a major risk to an employee covered under an employer's group life insurance plan? correct answer: The sponsor can elect to discontinue the plan If employees are relyin...

A and B are married. They have two minor age children. A and B feel that all family members should have coverage on their lives, not just A. What would be the least expensive way to accomplish this? A Add accidental death coverage riders on B and the two children B Buy a traditional whole life policy on B, and juvenile policies on the children C Buy traditional whole life policies on B and the two children D Add a term life insurance rider to this policy to provide additional coverage on...

If an insurer makes a payment for a claim but the insured is dissatisfied with it, he/she must wait _____ days after proof of loss before he/she might take any legal action. correct answer: 60 After the blackout period has ended, the widow or widower may receive a Social Security income benefit based on the ___________. correct answer: PIA of the deceased spouse When must the Outline of Coverage and Guide be provided? correct answer: Both must be provided at the time of application W...

An employer may require a former employee who has COBRA coverage to pay up to _____% of the premium. correct answer: 102 Accidental Injury is a: correct answer: Sudden, unexpected and unforeseen event Albert owned a $100,000 policy that had accumulated a cash value of $20,000, against which he had borrowed $10,000. If he dies with this loan outstanding, his beneficiary will receive which of the following amounts? correct answer: $90,000 All of the following are accurate statements, e...

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