Idaho lif - Study guides, Class notes & Summaries

Idaho Life Producer Exam questions with 100% correct answers

Idaho Life Insurance final exam questions and answers verified 100 % All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT A The employer pays a bonus to a selected employee to fund the policy. B It is considered a nonqualified employee benefit. C The policy is owned by the company. D Any type of insurance policy may be used. - C The policy is owned by the company. Which of the following would NOT fall into the category of costs ass...

Idaho Life and Health Final Exam Questions and Answers Already Passed What are the benefits that must be provided by an individual health insurance policy for prenatal, maternity, and delivery expenses? Prenatal, maternity, and delivery expenses are required to be covered under all health plans subject to the same deductible and coinsurance as other medical and surgical expenses. Which situation would qualify an individual for receiving benefits from a qualified long-term care policy?...

Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A) What does life insurance protect against? - ANSWER-Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - ANSWER-It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance c...

Idaho Life Insurance Exam Latest Update Graded A+ Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of the a...

Idaho Life Insurance Exam with correct Answers

Final Exam Idaho Life Only Questions and Answers 2024 All of these are standard exclusions found in a life insurance policy EXCEPT - CORRECT ANSWER-disability Level premium term life insurance policies - CORRECT ANSWER-have premiums that are averaged over the policy period Which type of life insurance policy pays the face amount at the end of the specified period if the insured is still alive? - CORRECT ANSWER-Endowment policy Converting a group plan to permanent life insurance requir...

Idaho Life Insurance Exam with correct Answers

All of the following plans allow for employee contributions to be taken on a pre-tax basis except Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid. Health Reimbursement Arrangement Plan;Employers contribute to the Health Reimbursement Arrangement Plans (HRA), not employees. Producing an inadequate amount of new premium. The individual is eligible for health care benefits from the Veterans Administration