Kentucky life a Study guides, Class notes & Summaries

2024 Final Exam - Kentucky Life and Health Q’s & A’s

KENTUCKY LIFE AND HEALTH EXAM 2024 WITH 100% CORRECT ANSWER 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 employer as a b...

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: - 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? - 50% The provision in a Group Health policy that allows the insurer to postpone coverage for a covered illness 30 days after th...

Final Exam - Kentucky Life and Health Q’s & A’s 2023/2024 An insurance agent who replaces an existing policy by making false written or oral statements is committing the act of: twisting Which of the following risks are insurable? pure risk The federal income tax treatment of employer-provided group health insurance can be accurately described as: Employee's coverage paid for by the employer is tax-deductible to the employer as a business expenditure Which approach predicts a perso...

Final Exam - Kentucky Life and Health Q’s & A’s 2023/2024 An insurance agent who replaces an existing policy by making false written or oral statements is committing the act of: twisting Which of the following risks are insurable? pure risk The federal income tax treatment of employer-provided group health insurance can be accurately described as: Employee's coverage paid for by the employer is tax-deductible to the employer as a business expenditure Which approach predicts a perso...

XCEL Kentucky Life and Health Final Exam Practice with 100% Correct Answers | Verified | Latest Update 2024| Already Passed

KENTUCKY LIFE AND HEALTH INSURANCE ACTUA1

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