LOUISIANA LIFE, HEALTH & ACCIDENT INSURANCE SERIES
103 PRACTICE CERTIFIED QUALITY EXAM QUESTIONS WITH
100% ACCURATE ANSWERS
Which one of the following represents an advantage of
obtaining a policy loan vesus a withdrawal?
The loan is not taxed while a withdrawal is taxed for amounts
above the contract cost basis
In a case where an individual's health is insured by both their
own policy and their spouse's policy, which policy pays in the
event of an illness?
The individual's policy pays first, the spouse's policy pays the
remaining up to coverage amount.
Which of the following policy types is considered double
indemnity?
Accidental death
Which of the following is defined as the dollar amount beyond
which the insured no longer participates in payment of medical
expenses?
Stop Loss Limit
,All of the following are nonforfeiture options EXCEPT
Cash dividend option
Which of the following is a characteristic of Preferred Provider
Organizations (ppos)?
Prearranged costs for services rendered
Which type of annuity covers two or more annuitants and
provides monthly income only until the first annuitant dies?
Joint life annuity
Which is the major reason why long term care insurance is
becoming increasingly important?
As life expectancy increases, the chances of needing long term
care also increase
What is the primary advantage for obtaining a reinstatement of
a policy rather than obtaining a new one?
Insured original issue age is used
How do warranties differ from representations?
, A warranty is guaranteed to be true, a representation is
believed to be true to the best of one's knowledge.
Which of the following coverage types pays a monthly cash
benefit following the elimination period for total disability due
to accident or sickness?
Disability income insurance
Which of the following is TRUE of the limited pay whole life
policy?
Coverage continues after the policy is paid-up
A basic vision care package includes all of the following
EXCEPT
Safety glasses.
Which of the following was specifically designed to address
STOLI and IOLI practices?
NCOIL Act
Under normal conditions which of the following is TRUE for
proof of loss when a single loss is claimed?
103 PRACTICE CERTIFIED QUALITY EXAM QUESTIONS WITH
100% ACCURATE ANSWERS
Which one of the following represents an advantage of
obtaining a policy loan vesus a withdrawal?
The loan is not taxed while a withdrawal is taxed for amounts
above the contract cost basis
In a case where an individual's health is insured by both their
own policy and their spouse's policy, which policy pays in the
event of an illness?
The individual's policy pays first, the spouse's policy pays the
remaining up to coverage amount.
Which of the following policy types is considered double
indemnity?
Accidental death
Which of the following is defined as the dollar amount beyond
which the insured no longer participates in payment of medical
expenses?
Stop Loss Limit
,All of the following are nonforfeiture options EXCEPT
Cash dividend option
Which of the following is a characteristic of Preferred Provider
Organizations (ppos)?
Prearranged costs for services rendered
Which type of annuity covers two or more annuitants and
provides monthly income only until the first annuitant dies?
Joint life annuity
Which is the major reason why long term care insurance is
becoming increasingly important?
As life expectancy increases, the chances of needing long term
care also increase
What is the primary advantage for obtaining a reinstatement of
a policy rather than obtaining a new one?
Insured original issue age is used
How do warranties differ from representations?
, A warranty is guaranteed to be true, a representation is
believed to be true to the best of one's knowledge.
Which of the following coverage types pays a monthly cash
benefit following the elimination period for total disability due
to accident or sickness?
Disability income insurance
Which of the following is TRUE of the limited pay whole life
policy?
Coverage continues after the policy is paid-up
A basic vision care package includes all of the following
EXCEPT
Safety glasses.
Which of the following was specifically designed to address
STOLI and IOLI practices?
NCOIL Act
Under normal conditions which of the following is TRUE for
proof of loss when a single loss is claimed?
