If an employee contributes 50% toward the disability plan premium provided by an
employer, what would be considered the taxable income of a $1,000 monthly
disability benefit?
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$500
,Which of these factors is NOT taken into consideration when determining the cost of a
long-term care policy?
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Personal income
Tonya has replaced her whole life policy with an annuity without incurring a tax
penalty. This transaction is called a(n)
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1035 Exchange
An attending physician's statement would be appropriate for which life insurance
purpose?
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At the request of the insurer to assist in the underwriting decision
Which type of life insurance is normally associated with a Payor Benefit rider?
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, Juvenile insurance
All of these are considered key factors in underwriting health insurance EXCEPT
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marital status
All of the following are primary risk factors in underwriting individual health insurance
policies EXCEPT
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geographical location
In an employer-sponsored contributory group Disability Income plan, the employer
pays 60% of the premium and each employee pays 40% of the premium. Any income
benefits paid are taxed to the employee at
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60% of the benefit
Ambiguities in an insurance policy are always resolved in favor of the
, Give this one a try later!
insured
In contrast to a guaranteed renewable policy, a noncancellable policy
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may never raise premiums
The reinstatement provision in a health insurance policy is
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mandatory
Which of these would limit a company's liability to provide insurance coverage?
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Exclusion
In New Jersey, health insurance advertisements are required to contain the
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employer, what would be considered the taxable income of a $1,000 monthly
disability benefit?
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$500
,Which of these factors is NOT taken into consideration when determining the cost of a
long-term care policy?
Give this one a try later!
Personal income
Tonya has replaced her whole life policy with an annuity without incurring a tax
penalty. This transaction is called a(n)
Give this one a try later!
1035 Exchange
An attending physician's statement would be appropriate for which life insurance
purpose?
Give this one a try later!
At the request of the insurer to assist in the underwriting decision
Which type of life insurance is normally associated with a Payor Benefit rider?
Give this one a try later!
, Juvenile insurance
All of these are considered key factors in underwriting health insurance EXCEPT
Give this one a try later!
marital status
All of the following are primary risk factors in underwriting individual health insurance
policies EXCEPT
Give this one a try later!
geographical location
In an employer-sponsored contributory group Disability Income plan, the employer
pays 60% of the premium and each employee pays 40% of the premium. Any income
benefits paid are taxed to the employee at
Give this one a try later!
60% of the benefit
Ambiguities in an insurance policy are always resolved in favor of the
, Give this one a try later!
insured
In contrast to a guaranteed renewable policy, a noncancellable policy
Give this one a try later!
may never raise premiums
The reinstatement provision in a health insurance policy is
Give this one a try later!
mandatory
Which of these would limit a company's liability to provide insurance coverage?
Give this one a try later!
Exclusion
In New Jersey, health insurance advertisements are required to contain the
Give this one a try later!
