ARIZONA LIFE AND HEALTH INSURANCE FINAL
TEST QUESTIONS AND 100% VERIFIED
ANSWERS GRADED A+
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be -
{✔✔ANSWER✔✔}-somewhat less
,An insurance company may delay the payment of the cash value of a surrendered
whole life insurance policy for up to - {✔✔ANSWER✔✔}-6 month
A life insurance policyowner would like a dividend option that results in a limited
current outlay of funds. Which dividend option would be choosing? -
{✔✔ANSWER✔✔}-Reduction of premium payment
When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - {✔✔ANSWER✔✔}-The producer and the
applicant
Security laws passed by Congress are enforced by which Federal agency? -
{✔✔ANSWER✔✔}-Security and Exchange Commission (SEC)
The principal source of info concerning an applicants identity, age, and marital
status is found in the - {✔✔ANSWER✔✔}-Completed application
What determines how much an annuitant is paid for a variable annuity? -
{✔✔ANSWER✔✔}-The market value fluctuations of the securities backing it
An individual, age 45, would like to help pay for his daughters college expense in
10 years. Which annuity would be appropriate for this individual? -
{✔✔ANSWER✔✔}-Deferred annuity
A preferred provider plan and an indemnity plan are similar in what way? -
{✔✔ANSWER✔✔}-Both pay on a fee-for-service basis
,Qualified long-term care premiums are treated for tax purposes as -
{✔✔ANSWER✔✔}-tax-deductible to the extent they exceed 7 1/2% AGI
Which of the following is considered a limited accident and health plan -
{✔✔ANSWER✔✔}-Cancer plan
How long do most states allow an insurance company to delay the payment of a
cash surrender under the Delayed Payment provision? - {✔✔ANSWER✔✔}-6
months
When compared to a fix annuity, a variable annuity has what distinguishing
feature? - {✔✔ANSWER✔✔}-Investment risk is assumed by the purchaser
According to the Affordable Care Act (ACA), the proportion of premium revenues
spent on clinical services and quality improvements is called the -
{✔✔ANSWER✔✔}-Medical Loss Ratio
I'm the event of premium default, which life insurance provision will use the cash
value to keep the policy in force? - {✔✔ANSWER✔✔}-Automatic premium
loan
In most dental plans, a deductible typically is NOT applied to -
{✔✔ANSWER✔✔}-preventative and diagnostic services
, Kelly purchases a health insurance policy issued on a conditionally renewable
basis. The insurance company has a right to refuse renewal of the policy for -
{✔✔ANSWER✔✔}-specific reasons stated in the contract
An individual currently owns a long-term care policy. At the time of application for
similar coverage, which item must be signed by the applicant and retained by the
insurer? - {✔✔ANSWER✔✔}-Replacement notice
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No
further payments are permitted and the income stream begins in 15 years. This
contract is a(n) - {✔✔ANSWER✔✔}-Single Premium Deferred Annuity
A Medicare supplement policy is required to do which of the following? -
{✔✔ANSWER✔✔}-Provide a 30 day free-look period
Tim is in need of surgery. Before being hospitalized, he is referred to an
outpatient clinic for diagnostic tests. What is this an example of? -
{✔✔ANSWER✔✔}-pre-admission testing
A retired couple would like to maximize the income derived from their combined
life savings and have it payable until they both die. Which annuity would be their
best choice? - {✔✔ANSWER✔✔}-Joint and survivor annuity
At what point are death proceeds paid in a joint life insurance policy? -
{✔✔ANSWER✔✔}-When the first insured did
TEST QUESTIONS AND 100% VERIFIED
ANSWERS GRADED A+
Christine is receiving benefits provided from her disability income insurance. As
compared to her previous earnings, the disability benefits should be -
{✔✔ANSWER✔✔}-somewhat less
,An insurance company may delay the payment of the cash value of a surrendered
whole life insurance policy for up to - {✔✔ANSWER✔✔}-6 month
A life insurance policyowner would like a dividend option that results in a limited
current outlay of funds. Which dividend option would be choosing? -
{✔✔ANSWER✔✔}-Reduction of premium payment
When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - {✔✔ANSWER✔✔}-The producer and the
applicant
Security laws passed by Congress are enforced by which Federal agency? -
{✔✔ANSWER✔✔}-Security and Exchange Commission (SEC)
The principal source of info concerning an applicants identity, age, and marital
status is found in the - {✔✔ANSWER✔✔}-Completed application
What determines how much an annuitant is paid for a variable annuity? -
{✔✔ANSWER✔✔}-The market value fluctuations of the securities backing it
An individual, age 45, would like to help pay for his daughters college expense in
10 years. Which annuity would be appropriate for this individual? -
{✔✔ANSWER✔✔}-Deferred annuity
A preferred provider plan and an indemnity plan are similar in what way? -
{✔✔ANSWER✔✔}-Both pay on a fee-for-service basis
,Qualified long-term care premiums are treated for tax purposes as -
{✔✔ANSWER✔✔}-tax-deductible to the extent they exceed 7 1/2% AGI
Which of the following is considered a limited accident and health plan -
{✔✔ANSWER✔✔}-Cancer plan
How long do most states allow an insurance company to delay the payment of a
cash surrender under the Delayed Payment provision? - {✔✔ANSWER✔✔}-6
months
When compared to a fix annuity, a variable annuity has what distinguishing
feature? - {✔✔ANSWER✔✔}-Investment risk is assumed by the purchaser
According to the Affordable Care Act (ACA), the proportion of premium revenues
spent on clinical services and quality improvements is called the -
{✔✔ANSWER✔✔}-Medical Loss Ratio
I'm the event of premium default, which life insurance provision will use the cash
value to keep the policy in force? - {✔✔ANSWER✔✔}-Automatic premium
loan
In most dental plans, a deductible typically is NOT applied to -
{✔✔ANSWER✔✔}-preventative and diagnostic services
, Kelly purchases a health insurance policy issued on a conditionally renewable
basis. The insurance company has a right to refuse renewal of the policy for -
{✔✔ANSWER✔✔}-specific reasons stated in the contract
An individual currently owns a long-term care policy. At the time of application for
similar coverage, which item must be signed by the applicant and retained by the
insurer? - {✔✔ANSWER✔✔}-Replacement notice
Sylvia purchased an annuity for $100,000 from the proceeds of an inheritance. No
further payments are permitted and the income stream begins in 15 years. This
contract is a(n) - {✔✔ANSWER✔✔}-Single Premium Deferred Annuity
A Medicare supplement policy is required to do which of the following? -
{✔✔ANSWER✔✔}-Provide a 30 day free-look period
Tim is in need of surgery. Before being hospitalized, he is referred to an
outpatient clinic for diagnostic tests. What is this an example of? -
{✔✔ANSWER✔✔}-pre-admission testing
A retired couple would like to maximize the income derived from their combined
life savings and have it payable until they both die. Which annuity would be their
best choice? - {✔✔ANSWER✔✔}-Joint and survivor annuity
At what point are death proceeds paid in a joint life insurance policy? -
{✔✔ANSWER✔✔}-When the first insured did
