150 Question Exam Simulator Alabama Life and Health Questions With Answers ,

150 Question Exam Simulator || || || || ||




Alabama Life and Health || || || ||




Questions With Answers || || ||




An individual unable to perform two or more Activities of
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Daily Living (ADLs) will trigger coverage from a _____
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policy. - CORRECT ANSWER(S)✔✔Long Term Care (LTC)
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Barbara has the right to change the beneficiary
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designation on her life insurance policy. Barbara's || || || || || || ||



beneficiary is a(n): - CORRECT ANSWER(S)✔✔revocable || || || || || ||



beneficiary


Typically, a disability income rider will pay: - CORRECT
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ANSWER(S)✔✔a monthly income for as long as the || || || || || || || ||



insured remains totally and completely disabled
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What is a disability income policy designed to do? -
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CORRECT ANSWER(S)✔✔Pay benefits to maintain the || || || || || ||



insured's current standard of living || || || ||




Amy owns a disability income policy with a
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noncancellable renewal provision. Which of the following || || || || || ||



is guaranteed in her policy? - CORRECT
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,ANSWER(S)✔✔The coverage and premium rate are || || || || || ||



guaranteed


Anita is an office clerk at the time she purchases a
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Disability Income policy. She later changes her career to
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a king crab fisherman. If she ever becomes injured on
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the boat, the Change of Occupation provision states that
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the insurer can: - CORRECT ANSWER(S)✔✔adjust the
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benefits


Which provision allows a disability income policy to
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remain in force without further payments when the
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insured has become totally and permanently disabled? -
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CORRECT ANSWER(S)✔✔Waiver of premium || || ||




Bart is injured and provides notice of a health claim to
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his insurer. He later receives the required claims forms.
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Within how many days of the loss must Bart file proof of
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loss with the insurance company? - CORRECT
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ANSWER(S)✔✔90


If insurance premiums are paid more frequently than
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annually, the policyowner can expect to: - CORRECT
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ANSWER(S)✔✔have a higher total outlay of dollars for || || || || || || || ||



the coverage for that year
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, Periodic benefit payments must be made no less
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frequently than: - CORRECT ANSWER(S)✔✔monthly || || || ||




Required Provision 3 states that the minimum grace
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period for all policies (except those with monthly or
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weekly premium modes) is: - CORRECT
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ANSWER(S)✔✔31 days ||




A ___ ___ company is one that is domiciled in another
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state and has NOT received a license to do business in
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Alabama. - CORRECT ANSWER(S)✔✔foreign|| || || ||



nonadmitted


A licensed Alabama insurance producer would NOT be
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disciplined by the Commissioner of Insurance for: - || || || || || || || ||



CORRECT ANSWER(S)✔✔being convicted of a || || || || ||



misdemeanor


Long Term Care policies normally provide benefits for: -
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CORRECT ANSWER(S)✔✔home health care || || ||




The proceeds of a life insurance policy can be paid in a
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form other than a lump-sum payment. These forms of
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payment are called: - CORRECT || || || || ||



ANSWER(S)✔✔settlement options ||