60 Hour Florida 2-15 Health, Life and Annuity
Insurance License Practice Test Study Questions
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Terms in this set (99)
What is the tax treatment of Premiums are not deductible from gross income
premiums paid for personal life and are considered personal expenses.
insurance policies by individual
policyowners?
What is the minimum deductible for $1400 for individuals and $2,800 for family
an individual and a family high- coverage
deductible health plan (HDHPs)?
How many ADLs must a person be 2 out of 6
unable to complete before they
trigger LTC policy benefits?
COBRA 20
What type of health insurance al a carte
policies are employers-provided
health insurance that can be picked
and chosen from a menu of benefits
in order to tailor their benefits
packages to their specific needs?
,What coverage is designed to cover Dental Care
the cost associated with normal
dental maintenance, oral surgery,
root canal therapy, and orthodontia?
What provides a life insurance agent In-Person policy delivery
a timely opportunity to renew the
contract and its provision, exclusions,
and riders once the policy has been
issued?
Name the policy that provides
medical expense coverage for
specific kinds of illnesses and is
available primarily due to the high
costs associated with certain
illnesses such as cancer or heart
disease.
What source of underwriting Medical Information Bureau
information is a non-profit
organization established by a
number of insurance companies and
specifically focuses on an applicant's
medical history?
Life insurance arrangements where STOLI/IOLI
investors persuade individuals
typically seniors to take out new life Stranger-Owned Life Insurance (STOLI)
insurance with the investors names as Investor-Originated Life Insurance (IOLI)
beneficiary are known as what?
What is the term for a proposal made Acceptance offer
by one party
, The value given in exchange for the Consideration
promise sought?
What is the term in insurance that Acceptance
refers to when an applicant
application is submitted along with
the first premium payment?
A contract in which one party agrees Legal purpose
to rob a bank in exchange for a
desired object would not be
considered a valid and binding
contract because?
What type of retirement plans does Qualified plan
not meet certain requirements
established by the federal
government and does not receive
favorable tax treatment?
A person who elects to retire at age 70% to 75%
62 with Social Security retirement
plans will receive benefits equal to
what percentage of their (PIA)
Common type of exclusions in life War
insurance policies. Aviation
Hazardous Hobbies or Occupation
Suicide
Commission of a Felony
Insurance License Practice Test Study Questions
Save
Terms in this set (99)
What is the tax treatment of Premiums are not deductible from gross income
premiums paid for personal life and are considered personal expenses.
insurance policies by individual
policyowners?
What is the minimum deductible for $1400 for individuals and $2,800 for family
an individual and a family high- coverage
deductible health plan (HDHPs)?
How many ADLs must a person be 2 out of 6
unable to complete before they
trigger LTC policy benefits?
COBRA 20
What type of health insurance al a carte
policies are employers-provided
health insurance that can be picked
and chosen from a menu of benefits
in order to tailor their benefits
packages to their specific needs?
,What coverage is designed to cover Dental Care
the cost associated with normal
dental maintenance, oral surgery,
root canal therapy, and orthodontia?
What provides a life insurance agent In-Person policy delivery
a timely opportunity to renew the
contract and its provision, exclusions,
and riders once the policy has been
issued?
Name the policy that provides
medical expense coverage for
specific kinds of illnesses and is
available primarily due to the high
costs associated with certain
illnesses such as cancer or heart
disease.
What source of underwriting Medical Information Bureau
information is a non-profit
organization established by a
number of insurance companies and
specifically focuses on an applicant's
medical history?
Life insurance arrangements where STOLI/IOLI
investors persuade individuals
typically seniors to take out new life Stranger-Owned Life Insurance (STOLI)
insurance with the investors names as Investor-Originated Life Insurance (IOLI)
beneficiary are known as what?
What is the term for a proposal made Acceptance offer
by one party
, The value given in exchange for the Consideration
promise sought?
What is the term in insurance that Acceptance
refers to when an applicant
application is submitted along with
the first premium payment?
A contract in which one party agrees Legal purpose
to rob a bank in exchange for a
desired object would not be
considered a valid and binding
contract because?
What type of retirement plans does Qualified plan
not meet certain requirements
established by the federal
government and does not receive
favorable tax treatment?
A person who elects to retire at age 70% to 75%
62 with Social Security retirement
plans will receive benefits equal to
what percentage of their (PIA)
Common type of exclusions in life War
insurance policies. Aviation
Hazardous Hobbies or Occupation
Suicide
Commission of a Felony
