Pearson vue Texas life and health insurance test questions with
|| || || || || || || || || ||
accurate detailed solutions || ||
Who is obligated to make sure all questions are answered and all necessary signatures are
|| || || || || || || || || || || || || || ||
collected on the application?
|| || ||
The Agent
||
An underwriter is reviewing an applicant with an extensive medical history. Which of the
|| || || || || || || || || || || || || ||
following would give the underwriter a better understanding of how the applicant has been
|| || || || || || || || || || || || || ||
treated for various illnesses?
|| || ||
Attending physician's statement || ||
Which of the following would NOT be eligible for coverage under key person?
|| || || || || || || || || || || ||
The owner of the shop
|| || || ||
With Adjustable Life, the owner can change all of the following EXCEPT
|| || || || || || || || || || ||
The insured
||
Which of the following is provided by skilled medical personnel to those who need
|| || || || || || || || || || || || || ||
occasional medical assistance or rehabilitative care?
|| || || || ||
Intermediate care ||
,Partial disability usually pays what percentage of the total disability benefit?
|| || || || || || || || || ||
50%
Which of the following long-term care benefits would provide coverage for care for
|| || || || || || || || || || || || ||
functionally impaired adults on a less than 24-hour basis? || || || || || || || ||
A. Residential care
|| ||
B. Assisted living
|| ||
C. Home health care
|| || ||
D. Adult day care
|| || ||
D. Adult day care
|| || ||
An insured's long-tern care policy is scheduled to pay fixed amount of coverage of $120 per
|| || || || || || || || || || || || || || || ||
day. The long-term care facility only charged $100 per day. How much will the insurance
|| || || || || || || || || || || || || || ||
company pay? ||
A. 20% of the total cost
|| || || || ||
B. $120 a day
|| || ||
C. $100 a day
|| || ||
D. 80% of the total cost
|| || || || ||
B. $120 a day
|| || ||
In comparison to a policy that uses the accidental means definition, a policy that uses the
|| || || || || || || || || || || || || || || ||
accidental bodily injury definition would provide coverage that is
|| || || || || || || ||
A. More limited in duration
|| || || ||
,B. Broader in duration
|| || ||
C. Broder in general
|| || ||
D. More limited in general
|| || || ||
C. Broader in general
|| || ||
An individual has been diagnosed with Alzheimer's disease. He is insured under a life
|| || || || || || || || || || || || || ||
insurance policy with the accelerated benefits rider. Which of the following is true
|| || || || || || || || || || || || ||
regarding taxation of the accelerated benefits? || || || || ||
A. The entire living benefits is considered taxable income
|| || || || || || || ||
B. A portion of the benefits up to a limit is tax-free; the rest is taxable income
|| || || || || || || || || || || || || || || ||
C. Principle is tax free, but interest is taxed
|| || || || || || || ||
D. The entire benefits will be received tax free
|| || || || || || || ||
B. B. A portion of the benefits up to a limit is tax-free; the rest is taxable income
|| || || || || || || || || || || || || || || || ||
All of the following are true of an annuity owner EXCEPT
|| || || || || || || || || ||
A. The owner has the right to name the beneficiary
|| || || || || || || || ||
B. The owner is the party who may surrender the annuity
|| || || || || || || || || ||
C. The owner must be the party to receive benefits
|| || || || || || || || ||
D. The owner pays the premiums on the annuity
|| || || || || || || ||
C. The owner must be the party to receive benefits
|| || || || || || || || ||
How is emergency care covered for a member of an HMO?
|| || || || || || || || || ||
A. An HMO emergency specialist will cover the patient
|| || || || || || || ||
, B. A member of an HMO can receive care in or out of the HMO service area, but care is
|| || || || || || || || || || || || || || || || || || || ||
preferred in the service area || || || ||
C. A member of an HMO may receive care at any emergency facility, at the same cost as if
|| || || || || || || || || || || || || || || || || || ||
in his or her own service area
|| || || || || ||
D. HMOs have salaried member physicians, but they do not cover emergency care
|| || || || || || || || || || || ||
B. A member of an HMO can receive care in or out of the HMO service area, but care is
|| || || || || || || || || || || || || || || || || || || ||
preferred in the service area || || || ||
Death benefits payable to a beneficiary under a life insurance policy are generally
|| || || || || || || || || || || ||
A. Subject to income taxation by the federal government
|| || || || || || || ||
B. Exempt from income taxation if under $10,000
|| || || || || || ||
C. Exempt from income taxation if over $10,000
|| || || || || || ||
D. Not subject to income taxation by the federal government
|| || || || || || || || ||
D. Not subject to income taxation by the federal government
|| || || || || || || || ||
Which of the following best describes the aleatory nature of an insurance contract?
|| || || || || || || || || || || ||
A. Only one of the parties being legally bound by the contract
|| || || || || || || || || || ||
B. Ambiguities are interpreted in favor of the insured
|| || || || || || || ||
C. Policies are submitted to the insurer on a take-it-or-leave-it basis
|| || || || || || || || || ||
D. Exchange of unequal values
|| || || ||
D. Exchange of unequal values
|| || || ||
Which of the following is considered a presumptive disability under a disability income
|| || || || || || || || || || || || ||
policy
|| || || || || || || || || ||
accurate detailed solutions || ||
Who is obligated to make sure all questions are answered and all necessary signatures are
|| || || || || || || || || || || || || || ||
collected on the application?
|| || ||
The Agent
||
An underwriter is reviewing an applicant with an extensive medical history. Which of the
|| || || || || || || || || || || || || ||
following would give the underwriter a better understanding of how the applicant has been
|| || || || || || || || || || || || || ||
treated for various illnesses?
|| || ||
Attending physician's statement || ||
Which of the following would NOT be eligible for coverage under key person?
|| || || || || || || || || || || ||
The owner of the shop
|| || || ||
With Adjustable Life, the owner can change all of the following EXCEPT
|| || || || || || || || || || ||
The insured
||
Which of the following is provided by skilled medical personnel to those who need
|| || || || || || || || || || || || || ||
occasional medical assistance or rehabilitative care?
|| || || || ||
Intermediate care ||
,Partial disability usually pays what percentage of the total disability benefit?
|| || || || || || || || || ||
50%
Which of the following long-term care benefits would provide coverage for care for
|| || || || || || || || || || || || ||
functionally impaired adults on a less than 24-hour basis? || || || || || || || ||
A. Residential care
|| ||
B. Assisted living
|| ||
C. Home health care
|| || ||
D. Adult day care
|| || ||
D. Adult day care
|| || ||
An insured's long-tern care policy is scheduled to pay fixed amount of coverage of $120 per
|| || || || || || || || || || || || || || || ||
day. The long-term care facility only charged $100 per day. How much will the insurance
|| || || || || || || || || || || || || || ||
company pay? ||
A. 20% of the total cost
|| || || || ||
B. $120 a day
|| || ||
C. $100 a day
|| || ||
D. 80% of the total cost
|| || || || ||
B. $120 a day
|| || ||
In comparison to a policy that uses the accidental means definition, a policy that uses the
|| || || || || || || || || || || || || || || ||
accidental bodily injury definition would provide coverage that is
|| || || || || || || ||
A. More limited in duration
|| || || ||
,B. Broader in duration
|| || ||
C. Broder in general
|| || ||
D. More limited in general
|| || || ||
C. Broader in general
|| || ||
An individual has been diagnosed with Alzheimer's disease. He is insured under a life
|| || || || || || || || || || || || || ||
insurance policy with the accelerated benefits rider. Which of the following is true
|| || || || || || || || || || || || ||
regarding taxation of the accelerated benefits? || || || || ||
A. The entire living benefits is considered taxable income
|| || || || || || || ||
B. A portion of the benefits up to a limit is tax-free; the rest is taxable income
|| || || || || || || || || || || || || || || ||
C. Principle is tax free, but interest is taxed
|| || || || || || || ||
D. The entire benefits will be received tax free
|| || || || || || || ||
B. B. A portion of the benefits up to a limit is tax-free; the rest is taxable income
|| || || || || || || || || || || || || || || || ||
All of the following are true of an annuity owner EXCEPT
|| || || || || || || || || ||
A. The owner has the right to name the beneficiary
|| || || || || || || || ||
B. The owner is the party who may surrender the annuity
|| || || || || || || || || ||
C. The owner must be the party to receive benefits
|| || || || || || || || ||
D. The owner pays the premiums on the annuity
|| || || || || || || ||
C. The owner must be the party to receive benefits
|| || || || || || || || ||
How is emergency care covered for a member of an HMO?
|| || || || || || || || || ||
A. An HMO emergency specialist will cover the patient
|| || || || || || || ||
, B. A member of an HMO can receive care in or out of the HMO service area, but care is
|| || || || || || || || || || || || || || || || || || || ||
preferred in the service area || || || ||
C. A member of an HMO may receive care at any emergency facility, at the same cost as if
|| || || || || || || || || || || || || || || || || || ||
in his or her own service area
|| || || || || ||
D. HMOs have salaried member physicians, but they do not cover emergency care
|| || || || || || || || || || || ||
B. A member of an HMO can receive care in or out of the HMO service area, but care is
|| || || || || || || || || || || || || || || || || || || ||
preferred in the service area || || || ||
Death benefits payable to a beneficiary under a life insurance policy are generally
|| || || || || || || || || || || ||
A. Subject to income taxation by the federal government
|| || || || || || || ||
B. Exempt from income taxation if under $10,000
|| || || || || || ||
C. Exempt from income taxation if over $10,000
|| || || || || || ||
D. Not subject to income taxation by the federal government
|| || || || || || || || ||
D. Not subject to income taxation by the federal government
|| || || || || || || || ||
Which of the following best describes the aleatory nature of an insurance contract?
|| || || || || || || || || || || ||
A. Only one of the parties being legally bound by the contract
|| || || || || || || || || || ||
B. Ambiguities are interpreted in favor of the insured
|| || || || || || || ||
C. Policies are submitted to the insurer on a take-it-or-leave-it basis
|| || || || || || || || || ||
D. Exchange of unequal values
|| || || ||
D. Exchange of unequal values
|| || || ||
Which of the following is considered a presumptive disability under a disability income
|| || || || || || || || || || || || ||
policy
