NJ Health Insurance Exam QUESTIONS
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WITH ANSWERS |\
Total disability definition can - CORRECT ANSWERS ✔✔vary
|\ |\ |\ |\ |\ |\ |\ |\
among policies and companies
|\ |\ |\
Permanent partial disability would be covered by - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔residual disability |\ |\
An agent discussing disability income coverage with an individual
|\ |\ |\ |\ |\ |\ |\ |\ |\
who has recently finished college and started with an entry level
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
job. What rider should the agent recommend for the client? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Guaranteed insurability rider
|\ |\ |\ |\
Allows you to purchase additional disability income insurance in
|\ |\ |\ |\ |\ |\ |\ |\ |\
the future without having to prove insurability
|\ |\ |\ |\ |\ |\
Example of a presumptive disability - CORRECT ANSWERS
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✔✔Nancy was completely blinded and will not recover her sight
|\ |\ |\ |\ |\ |\ |\ |\ |\
Presumptive (catastrophic) disability - CORRECT ANSWERS ✔✔-
|\ |\ |\ |\ |\ |\
often written with a disability policy
|\ |\ |\ |\ |\
,-disability of the insured will be presumed to be Total & Permanent
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
upon loss of sight, loss of the use of 2+ limbs, loss of hearing, loss of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
speech
|\
How do Disability Income policies differ? - CORRECT ANSWERS
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✔✔-Whether or not coverage is provided in addition to Worker's |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Comp
-The length of the elimination period
|\ |\ |\ |\ |\
-How "Total Disability" is defined
|\ |\ |\ |\
An individual who has had a heart murmur since birth is likely to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
be issued a policy that includes - CORRECT ANSWERS ✔✔An
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
impairment rider |\
Impairment rider (exclusion rider) - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\
✔✔Takes away coverage for a specified medical condition (diabetes
|\ |\ |\ |\ |\ |\ |\ |\ |\
or epilepsy)
|\
Before Mr. Jones was disabled, he was a full-time engineer earning
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
about $70,000 annually. Now, two years later he is able to work part-
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
time, earning about $25,000 annually.
|\ |\ |\ |\
, It is Likely that Mr. Jones is classified as - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔partially disabled |\
What is the purpose of the elimination period? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔It specifies the number of days between which
|\ |\ |\ |\ |\ |\ |\ |\ |\
disability benefits will be paid
|\ |\ |\ |\
Under NJ minimum standards for individual health insurance
|\ |\ |\ |\ |\ |\ |\ |\
policies, a probationary period for "sickness" may not exceed -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔30 days |\ |\ |\
Recurrent disability - CORRECT ANSWERS ✔✔recurs due to the
|\ |\ |\ |\ |\ |\ |\ |\ |\
same benefit or related cause of loss within 6 months of the back to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
work date, no elimination period upon recurrence
|\ |\ |\ |\ |\ |\
Basic Hospital Plan covers - CORRECT ANSWERS ✔✔-daily
|\ |\ |\ |\ |\ |\ |\ |\
hospital room & board |\ |\ |\
-miscellaneous hospital services |\ |\
-Hospital outpatient services
|\ |\
Basic Medical Surgical covers - CORRECT ANSWERS ✔✔-surgical
|\ |\ |\ |\ |\ |\ |\ |\
expenses
|\ |\ |\ |\ |\
WITH ANSWERS |\
Total disability definition can - CORRECT ANSWERS ✔✔vary
|\ |\ |\ |\ |\ |\ |\ |\
among policies and companies
|\ |\ |\
Permanent partial disability would be covered by - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔residual disability |\ |\
An agent discussing disability income coverage with an individual
|\ |\ |\ |\ |\ |\ |\ |\ |\
who has recently finished college and started with an entry level
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
job. What rider should the agent recommend for the client? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Guaranteed insurability rider
|\ |\ |\ |\
Allows you to purchase additional disability income insurance in
|\ |\ |\ |\ |\ |\ |\ |\ |\
the future without having to prove insurability
|\ |\ |\ |\ |\ |\
Example of a presumptive disability - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Nancy was completely blinded and will not recover her sight
|\ |\ |\ |\ |\ |\ |\ |\ |\
Presumptive (catastrophic) disability - CORRECT ANSWERS ✔✔-
|\ |\ |\ |\ |\ |\
often written with a disability policy
|\ |\ |\ |\ |\
,-disability of the insured will be presumed to be Total & Permanent
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
upon loss of sight, loss of the use of 2+ limbs, loss of hearing, loss of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
speech
|\
How do Disability Income policies differ? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔-Whether or not coverage is provided in addition to Worker's |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Comp
-The length of the elimination period
|\ |\ |\ |\ |\
-How "Total Disability" is defined
|\ |\ |\ |\
An individual who has had a heart murmur since birth is likely to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
be issued a policy that includes - CORRECT ANSWERS ✔✔An
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
impairment rider |\
Impairment rider (exclusion rider) - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\
✔✔Takes away coverage for a specified medical condition (diabetes
|\ |\ |\ |\ |\ |\ |\ |\ |\
or epilepsy)
|\
Before Mr. Jones was disabled, he was a full-time engineer earning
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
about $70,000 annually. Now, two years later he is able to work part-
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
time, earning about $25,000 annually.
|\ |\ |\ |\
, It is Likely that Mr. Jones is classified as - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔partially disabled |\
What is the purpose of the elimination period? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔It specifies the number of days between which
|\ |\ |\ |\ |\ |\ |\ |\ |\
disability benefits will be paid
|\ |\ |\ |\
Under NJ minimum standards for individual health insurance
|\ |\ |\ |\ |\ |\ |\ |\
policies, a probationary period for "sickness" may not exceed -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔30 days |\ |\ |\
Recurrent disability - CORRECT ANSWERS ✔✔recurs due to the
|\ |\ |\ |\ |\ |\ |\ |\ |\
same benefit or related cause of loss within 6 months of the back to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
work date, no elimination period upon recurrence
|\ |\ |\ |\ |\ |\
Basic Hospital Plan covers - CORRECT ANSWERS ✔✔-daily
|\ |\ |\ |\ |\ |\ |\ |\
hospital room & board |\ |\ |\
-miscellaneous hospital services |\ |\
-Hospital outpatient services
|\ |\
Basic Medical Surgical covers - CORRECT ANSWERS ✔✔-surgical
|\ |\ |\ |\ |\ |\ |\ |\
expenses
