South carolina lifehealth - Study guides, Class notes & Summaries

SOUTH CAROLINA LIFE/HEALTH FINAL EXAM 2 2024 WITH 100% CORRECT ANSWERS Any of the following transactions will be subject to federal income tax consequences in a modified endowment contract (MEC), EXCEPT: Select one: a. Policy loans b. Policy withdrawals c. Partial withdrawals d. Death proceeds - correct answer Death proceeds Death benefits are the only payment not affected by the federal law regarding modified endowment contracts. What are the rules for genetic testing and healt...

Any of the following transactions will be subject to federal income tax consequences in a modified endowment contract (MEC), EXCEPT: Select one: a. Policy loans b. Policy withdrawals c. Partial withdrawals d. Death proceeds - ANSWER Death proceeds Death benefits are the only payment not affected by the federal law regarding modified endowment contracts. What are the rules for genetic testing and health insurance? Select one: a. Genetic testing can never be used for any reason. b. G...

Any of the following transactions will be subject to federal income tax consequences in a modified endowment contract (MEC), EXCEPT: Select one: a. Policy loans b. Policy withdrawals c. Partial withdrawals d. Death proceeds - correct answer Death proceeds Death benefits are the only payment not affected by the federal law regarding modified endowment contracts. What are the rules for genetic testing and health insurance? Select one: a. Genetic testing can never be used for any reaso...

South Carolina Life/Health Final Exam 2 Questions With Solutions 100% Correct Insurers may not discriminate based on genetic information provided in the plan. Discriminatory acts include terminating or limiting the coverage, refusing to renew the policy, imposing a waiting limit, or establishing new premium rates. Which of the following is required for a contributory plan? Select one: a. The employer pays all fees and premiums. b. 50% participation of eligible employees c. 75% partici...

South Carolina Life/Health Final Exam 2 Questions With Solutions 100% Correct Which of the following is required for a contributory plan? Select one: a. The employer pays all fees and premiums. b. 50% participation of eligible employees c. 75% participation of eligible employees d. 100% participation of eligible employees 75% participation of eligible employees. A contributory plan is paid for partially by the employer and partially by the employee. 75% participation of eligible employ...

Any of the following transactions will be subject to federal income tax consequences in a modified endowment contract (MEC), EXCEPT: Select one: a. Policy loans b. Policy withdrawals c. Partial withdrawals d. Death proceeds - ANSWER-Death proceeds Death benefits are the only payment not affected by the federal law regarding modified endowment contracts. What are the rules for genetic testing and health insurance? Select one: a. Genetic testing can never be used for any reason. b. G...

South Carolina Life/Health Final Exam 2 Exam Prep Questions And Answers ()

South Carolina Life/Health Final Exam 2 Exam Prep Questions And Answers ()