Kentucky life - Study guides, Class notes & Summaries

Kentucky Life Insurance State Exam Practice Questions with Certified Answers The premiums paid by an employer for his employee's group life insurance are usually considered to be Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Business expenses These are all accurate statements regarding universal life insurance EXCEPT Policy loans are not permitted Which of these is NOT relevant when determining the amount of personal life...

The premiums paid by an employer for his employee's group life insurance are usually considered to be - Answer-Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? - Answer-Business expenses These are all accurate statements regarding universal life insurance EXCEPT - Answer-Policy loans are not permitted Which of these is NOT relevant when determining the amount of personal life insurance needed? - Answer-Local unemploymen...

XCEL Kentucky Life and Health Final Exam Actual Questions and Answers 100% Verified

Kentucky Life Insurance Exam Already Rated A+ 4 Types of Life Insurance ️Permanent, Term, Industrial, Group Absolute, Voluntary, Complete Assignment ️Policy is given as a gift, policy owner has no means of recovering surrendered rights Accelerated Benefits Rider ️A life insurance rider that allows for the early payment of some portion of the policy's face amount should the insured suffer from a terminal illness or injury. Accidental Death Rider ️Provides for an additional am...

Kentucky Life & Health Insurance Exam 2024 Verified and Tested Q&A Life insurance underwriting would consider which of these factors as unimportant? Age of the applicant Weight of the applicant Marital status of the applicant Gender of the applicant - CORRECT ANSWER-Marital status of the applicant The inducement of an insured to lapse, forfeit, or surrender an insurance policy by misrepresentation or misleading comparisons, in order to write a new policy, is known as: Rebating Twi...

Final Exam Kentucky Life and Health Insurance Study Guide Exam New 2024 An insurance agent who replaces an existing policy by making false written or oral statements is committing the act of: - CORRECT ANSWER-twisting Which of the following risks are insurable? - CORRECT ANSWER-pure risk The federal income tax treatment of employer-provided group health insurance can be accurately described as: - CORRECT ANSWER-Employee's coverage paid for by the employer is tax-deductible to the emp...

Kentucky Life Insurance State Exam Practice 2024 With 100% Complete Solutions

XCEL Kentucky Life and Health Final UPDATED Actual Exam Questions and CORRECT Answers S filed a written Proof of Loss for a Disability Income claim on September 1. The insurance company did not respond to the claim. S can take legal action against the insurer beginning: - CORRECT ANSWER- November 1 What is the excise tax rate the IRS imposes on individuals aged 70 1/2 or older who do not take the required minimum distributions from their qualified retirement plan? - CORRECT ANSWER- 5...

Kentucky Life & Health Insurance Exam Prep Questions and Answers (Latest Update 2024)

Comprehensive Exam-Kentucky Life and Health Insurance Final Updated Exam 2024 Q&A All of the following are producer responsibilities to the applicant, except: - CORRECT ANSWER-Offering and selling only the lowest premium policy ___________ manufacture and sell insurance coverage in the form of policies or contracts of insurance. - CORRECT ANSWER-Insurers When both parties must perform certain duties and follow certain rules of conduct to make a contract enforceable refers to a(n) ___...