This type of receipt is most commonly used in life insurance
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Conditional receipt
Roth IRAs
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- Contributions are not tax deductible, but distributions are tax free if it has
been maintained for 5 years.
Simplified issue
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Life insurance that requires no medical exam and asks only basic medical
questions
True/ False
A long-term care policy can exclude all of the following:
- Alcoholism
- Drug addiction
- Alzheimer's disease
- Self-inflicted injury
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False
A long-term care policy can exclude all alcoholism, drug addiction, and
self-inflicted injury. Alzheimer's disease cannot be excluded.
The maximum life insurance policy loan interest that may be charged on an adjustable
rate loan is ______%.
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18%
Enrollment period
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, Time in which you can enroll in benefits without having to undergo medical
underwriting. (No evidence of insurability)
A temporary license issued to close the affairs of a deceased producer may be issued
for up to _____ days at the discretion of the Commissioner
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180 days
A surviving spouse who is not disabled can start receiving survivor benefits at age ____,
if the deceased was fully insured.
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Age 60
The Commissioner of Insurance is appointed by the Governor for a term of
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4 years
The elimination period of disability benefits is ____ months and the disability must be
expected to result in death or continue for at least 12 months.
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5 month elimination period
The most common reason why a payment of a death claim would be delayed is
because - .
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The insurer has not received the proper notification of death.
Under social security benefits, disabled workers receive a benefit equal to their ______
______ ______.
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Primary Insurance Amount (PIA)
Payment of premium provision
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Specifies when and how premiums are to be paid. The more frequently the
premium mode, the more the policy will cost over time.
If there is no beneficiary listed on a policy, benefits are paid to ________________.
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Conditional receipt
Roth IRAs
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- Contributions are not tax deductible, but distributions are tax free if it has
been maintained for 5 years.
Simplified issue
,Give this one a try later!
Life insurance that requires no medical exam and asks only basic medical
questions
True/ False
A long-term care policy can exclude all of the following:
- Alcoholism
- Drug addiction
- Alzheimer's disease
- Self-inflicted injury
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False
A long-term care policy can exclude all alcoholism, drug addiction, and
self-inflicted injury. Alzheimer's disease cannot be excluded.
The maximum life insurance policy loan interest that may be charged on an adjustable
rate loan is ______%.
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18%
Enrollment period
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, Time in which you can enroll in benefits without having to undergo medical
underwriting. (No evidence of insurability)
A temporary license issued to close the affairs of a deceased producer may be issued
for up to _____ days at the discretion of the Commissioner
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180 days
A surviving spouse who is not disabled can start receiving survivor benefits at age ____,
if the deceased was fully insured.
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Age 60
The Commissioner of Insurance is appointed by the Governor for a term of
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4 years
The elimination period of disability benefits is ____ months and the disability must be
expected to result in death or continue for at least 12 months.
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5 month elimination period
The most common reason why a payment of a death claim would be delayed is
because - .
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The insurer has not received the proper notification of death.
Under social security benefits, disabled workers receive a benefit equal to their ______
______ ______.
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Primary Insurance Amount (PIA)
Payment of premium provision
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Specifies when and how premiums are to be paid. The more frequently the
premium mode, the more the policy will cost over time.
If there is no beneficiary listed on a policy, benefits are paid to ________________.
