Louisiana life and health - Study guides, Class notes & Summaries

Louisiana Life and Health Insurance Exam Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024

1 / 70 Louisiana Life and Health Insurance Exam with Verified Solutions 1. All of the following are correct about the required provisions of a health insurance policy EXCEPT A. The entire contract clause means the B. A reinstated policy provides immediate coverage for an ill- ness. Accidental injury is covered im- signed application, policy, endorsements, mediately, but to protect the and attachments constitute the entire contract. B. A reinstated policy provides immediate coverage...

Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions with 100% Correct solutions Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option - Correct Answer ️️ -The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial amou...

Final Exam - Louisiana Life and Health Complete Answers A beneficiary has just received a claim payment for a life insurance policy. Which of the following is TRUE regarding the federal income tax liability owed? ️No federal income tax is owed on life insurance proceeds A cease and desist order issued against a producer ️Prohibits a specific practice listed in the order A health insurance policy covers the insured, the insured's spouse, and their child. If additional children ar...

Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions with 100% Correct Answers | Verified | Latest Update 2024

Louisiana Life and Health Simulator Exam with 100% Correct Answers | Verified | Latest Update 2024

Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions Graded A+ A cease and desist order issued against a producer - Suspends the producer's certificate or broker's license - Prevents the producer from receiving commissions - Prohibits a specific practice listed in the order - Terminates the producer's appointment with the insurer ️Prohibits a specific practice listed in the order A cease and desist order issued against a producer prohibits a specific pract...

Xcel Testing Solutions-Louisiana Life and Health Exam Simulator - 200 Questions and Answers 2024 with complete solution Which dividend option would an insurer invest the policy owner's money and add any interest earnings as the dividends accrue? -Accumulation at Interest Option -Cash Dividend Option -Paid-Up Additions Option -One-Year Term Dividend Option - Answer ️️ -The Accumulation at Interest Option - invests the policy owner's money and adds interest earnings to the initial a...

Variable Whole Life - correct answer -Premium payments are fixed. Part of premium is placed into a separate account, which is invested in stock bond, or money market fund. Guaranteed death benefit, but cash values vary according to market. do not guarantee contract cash values and the holder assumes the risk. Variable Life Continued - correct answer -By placing their policy values into seperate accounts, policyowners can participate directly in the account's investment performance, which wil...

Louisiana Life and Health Insurance All Answers Correct A couple receives a set amount of income from their annuity. When the wife dies, the husband no longer receives annuity payments. What type of annuity did the couple buy? ️Joint Life A health insurance company can refuse coverage solely for which of the following reasons? a. Gender of applicant b. Marital status of applicant c. Applicant's past medical history d. Sickle-cell trait in applicant ️C A Louisiana insurance ...