FINAL EXAM- Maryland Life and Health
Maryland Life & Health Final Exam Ultimate
Pass Strategy Guide
S
A disability income insurance policy was recently issued Policyowner will be charged an additional premium
with a rating. What does this mean?
a) Policyowner will be charged an additional premium
b) Policy will have specific illnesses excluded from
coverage
c) Policyowner will be charged a reduced premium
d) Policy will have a longer waiting period
A comprehensive major medical health insurance policy Experimental and investigative services
contains an Eligible Expenses provision which identifies
the types of health care services that are covered. All of
the following health care services are typically covered
EXCEPT for
a) hospital charges
b) physician fees
c) experimental and investigative services
d) nursing services
,Newborn children are automatically covered under an 31 days
existing family medical plan at the moment of birth for a
period of at least __ days.
a) 10
b) 15
c)30
d) 31
In what way is a life insurance policy affected by an Decreases the death benefit
accelerated benefit payment?
a) Decreases the premiums
b) Extends the grace period
c) Increases the policy loan balance
d) Decreases the death benefit
Which of these is NOT considered to be a cost Business expenses
connected with an individual's death?
a) Funeral expense
b) Tax liability
c) Business expenses
d) Probate costs
The Food and Drug Administration approves prescription off-label
drugs for treatment as stated on the drug's labeling. The
prescription of a drug for treatments other than what's
labeled is know as use
a) illegal
b) trial
c) generic
d) off- label
, An employee requested that the balance of her 401(k) Distribution is subject to federal income tax withholding
account be sent directly to her in one lump sum. Upon
receipt of the distribution, she immediately had the funds
rolled over into an IRA. What is the tax consequence of
the distribution sent to this employee?
a) Distribution is subject to capital gains tax
b) Distribution is subject to ordinary income tax
c) Distribution is subject to a tax penalty
d) Distribution is subject to federal income tax
withholding
The type of health insurance in which underwriting Individual
procedures are the most restrictive is
a) accidental
b) individual
c) group
d) employer-paid
An insurance producer who replaces an existing policy Twisting
by making false written or oral statements is committing
the act of
a) twisting
b) inducement
c) coercion
d) intimidation
When a deferred annuity is surrendered, who must sign Owner
the authorization to do so?
a) owner
b) annuitant and beneficiary
c) annuitant
d) all parties involved
During an annuity's liquidation phase, the annuitant Receives benefit payments at regular intervals
normally
a) receives nothing
b) receives benefit payments at regular intervals
c) can borrow against the cash value
d) can increase the premium payout period
Maryland Life & Health Final Exam Ultimate
Pass Strategy Guide
S
A disability income insurance policy was recently issued Policyowner will be charged an additional premium
with a rating. What does this mean?
a) Policyowner will be charged an additional premium
b) Policy will have specific illnesses excluded from
coverage
c) Policyowner will be charged a reduced premium
d) Policy will have a longer waiting period
A comprehensive major medical health insurance policy Experimental and investigative services
contains an Eligible Expenses provision which identifies
the types of health care services that are covered. All of
the following health care services are typically covered
EXCEPT for
a) hospital charges
b) physician fees
c) experimental and investigative services
d) nursing services
,Newborn children are automatically covered under an 31 days
existing family medical plan at the moment of birth for a
period of at least __ days.
a) 10
b) 15
c)30
d) 31
In what way is a life insurance policy affected by an Decreases the death benefit
accelerated benefit payment?
a) Decreases the premiums
b) Extends the grace period
c) Increases the policy loan balance
d) Decreases the death benefit
Which of these is NOT considered to be a cost Business expenses
connected with an individual's death?
a) Funeral expense
b) Tax liability
c) Business expenses
d) Probate costs
The Food and Drug Administration approves prescription off-label
drugs for treatment as stated on the drug's labeling. The
prescription of a drug for treatments other than what's
labeled is know as use
a) illegal
b) trial
c) generic
d) off- label
, An employee requested that the balance of her 401(k) Distribution is subject to federal income tax withholding
account be sent directly to her in one lump sum. Upon
receipt of the distribution, she immediately had the funds
rolled over into an IRA. What is the tax consequence of
the distribution sent to this employee?
a) Distribution is subject to capital gains tax
b) Distribution is subject to ordinary income tax
c) Distribution is subject to a tax penalty
d) Distribution is subject to federal income tax
withholding
The type of health insurance in which underwriting Individual
procedures are the most restrictive is
a) accidental
b) individual
c) group
d) employer-paid
An insurance producer who replaces an existing policy Twisting
by making false written or oral statements is committing
the act of
a) twisting
b) inducement
c) coercion
d) intimidation
When a deferred annuity is surrendered, who must sign Owner
the authorization to do so?
a) owner
b) annuitant and beneficiary
c) annuitant
d) all parties involved
During an annuity's liquidation phase, the annuitant Receives benefit payments at regular intervals
normally
a) receives nothing
b) receives benefit payments at regular intervals
c) can borrow against the cash value
d) can increase the premium payout period
