The period of time between the effective date of the policy and the date coverage
begins is the
A. Elimination period
B. Effective period
C. Probationary period
D. Qualification period
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C. Probationary period
With a life insurance policy, insurable interest must exist between
A. The policyowner, beneficiary and the insured, if all 3 are different
B. The beneficiary and insured
,C. The policyowner and beneficiary
D. The policyowner and insured
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D. The policyowner and insured
Disability income benefits received by insured are treated as taxable income if
A. The benefits are paid under a group plan for which premium were paid by the
employer
B. All medical expenses related to the disability are covered by other insurance
C. The benefits are paid under an individual policy for which the insured paid the
premiums
D. Compensation is being paid for a temporary disability
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A. The benefits are paid under a group plan for which premium were paid
by the employer
In which type of term policy does the annual premium remain level throughout the
policy while the death benefit decreases?
A. Increasing term
B. Level term
C. Decreasing term
D. Convertible term
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, C. Decreasing term
The Commissioner of Insurance in Mississippi is appointed for a term of
A. Two Years
B. Four Years
C. Six Years
D. None of the Above
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D. None of the Above
Which of the following is allowed to cancel a non-cancelable renewability provision
under health insurance?
A. insurer only
B. insured only
C. Both insurer and insured
D. None of the above
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B. insured only
General Electricians offers insurance to its employees. About 80% of its eligible
employees are currently covered under the plan. This plan is
A. contributory
, B. noncontributory
C. inclusive
D. noninclusive
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A. contributory
Under Medicare, what does part C cover?
A. covers inpatient hospital, skilled nursing facility, hospice, and home health care.
B. covers prescription drugs
C. covers outpatient medical care provided by physicians and other medical services.
D. covers health care delivered by managed care plans.
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D. covers health care delivered by managed care plans.
Which settlement option pays only the earnings on the death benefit to a beneficiary?
A. Life income
B. Fixed amount
C. Fixed period
D. Interest only
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D. Interest only
begins is the
A. Elimination period
B. Effective period
C. Probationary period
D. Qualification period
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C. Probationary period
With a life insurance policy, insurable interest must exist between
A. The policyowner, beneficiary and the insured, if all 3 are different
B. The beneficiary and insured
,C. The policyowner and beneficiary
D. The policyowner and insured
Give this one a try later!
D. The policyowner and insured
Disability income benefits received by insured are treated as taxable income if
A. The benefits are paid under a group plan for which premium were paid by the
employer
B. All medical expenses related to the disability are covered by other insurance
C. The benefits are paid under an individual policy for which the insured paid the
premiums
D. Compensation is being paid for a temporary disability
Give this one a try later!
A. The benefits are paid under a group plan for which premium were paid
by the employer
In which type of term policy does the annual premium remain level throughout the
policy while the death benefit decreases?
A. Increasing term
B. Level term
C. Decreasing term
D. Convertible term
Give this one a try later!
, C. Decreasing term
The Commissioner of Insurance in Mississippi is appointed for a term of
A. Two Years
B. Four Years
C. Six Years
D. None of the Above
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D. None of the Above
Which of the following is allowed to cancel a non-cancelable renewability provision
under health insurance?
A. insurer only
B. insured only
C. Both insurer and insured
D. None of the above
Give this one a try later!
B. insured only
General Electricians offers insurance to its employees. About 80% of its eligible
employees are currently covered under the plan. This plan is
A. contributory
, B. noncontributory
C. inclusive
D. noninclusive
Give this one a try later!
A. contributory
Under Medicare, what does part C cover?
A. covers inpatient hospital, skilled nursing facility, hospice, and home health care.
B. covers prescription drugs
C. covers outpatient medical care provided by physicians and other medical services.
D. covers health care delivered by managed care plans.
Give this one a try later!
D. covers health care delivered by managed care plans.
Which settlement option pays only the earnings on the death benefit to a beneficiary?
A. Life income
B. Fixed amount
C. Fixed period
D. Interest only
Give this one a try later!
D. Interest only
