ALU 202 EXAM SCRIPT TESTED QUESTIONS
WITH DETAILED VERIFIED ANSWERS
PRACTICE SOLUTION GRADED A+
⩥ Long-term care underwriting generally requires all of the following
EXCEPT:
1. attending physician statements
2. paramedical exams
3. cognitive testing
4. face-to-face interviews.
Answer: Answer 2: paramedical exams - page 189.
⩥ All of the following are standard contract exclusions for disability
policies EXCEPT:
1. act of war
2. accidental injury
3. normal pregnancy
4. commission of a felony.
Answer: Answer 2: accidental injury - page 177.
,⩥ The benefit payment methods for long-term care claims include which
of the following?
A. indemnity
B. expense incurred
C. disability
Answer Options:
1. A only is correct.
2. A and B only are correct.
3. B and C only are correct.
4. A, B, and C are correct..
Answer: Answer 4: A, B, and C are correct - page 185.
⩥ The type of disability policy on which the insurance company cannot
increase the premium without the agreement of the policy owner as long
as the premiums are paid on time is:
1. guaranteed renewable
2. non-cancelable
3. conditionally renewable
4. unilaterally renewable.
Answer: Answer 2: non-cancelable - pages 174-175.
, ⩥ What are the different types of provisions that a disability policy can
have?.
Answer: Refer to pages 174-177.
⩥ List four tools that are used by long-term care underwriters to assess
cognitive impairment status..
Answer: Refer to pages 188-189.
⩥ List 8 out of 10 of the commonly covered conditions in critical illness
insurance..
Answer: Refer to page 192.
⩥ List 8 out of 11 of the covered expenses normally included in office
overhead expense for disability insurance..
Answer: Refer to pages 177-178.
⩥ What are the different types of counteroffers that a disability
application can have?.
Answer: Refer to pages 182-183.
⩥ Which of the following are types of quota share reinsurance?
WITH DETAILED VERIFIED ANSWERS
PRACTICE SOLUTION GRADED A+
⩥ Long-term care underwriting generally requires all of the following
EXCEPT:
1. attending physician statements
2. paramedical exams
3. cognitive testing
4. face-to-face interviews.
Answer: Answer 2: paramedical exams - page 189.
⩥ All of the following are standard contract exclusions for disability
policies EXCEPT:
1. act of war
2. accidental injury
3. normal pregnancy
4. commission of a felony.
Answer: Answer 2: accidental injury - page 177.
,⩥ The benefit payment methods for long-term care claims include which
of the following?
A. indemnity
B. expense incurred
C. disability
Answer Options:
1. A only is correct.
2. A and B only are correct.
3. B and C only are correct.
4. A, B, and C are correct..
Answer: Answer 4: A, B, and C are correct - page 185.
⩥ The type of disability policy on which the insurance company cannot
increase the premium without the agreement of the policy owner as long
as the premiums are paid on time is:
1. guaranteed renewable
2. non-cancelable
3. conditionally renewable
4. unilaterally renewable.
Answer: Answer 2: non-cancelable - pages 174-175.
, ⩥ What are the different types of provisions that a disability policy can
have?.
Answer: Refer to pages 174-177.
⩥ List four tools that are used by long-term care underwriters to assess
cognitive impairment status..
Answer: Refer to pages 188-189.
⩥ List 8 out of 10 of the commonly covered conditions in critical illness
insurance..
Answer: Refer to page 192.
⩥ List 8 out of 11 of the covered expenses normally included in office
overhead expense for disability insurance..
Answer: Refer to pages 177-178.
⩥ What are the different types of counteroffers that a disability
application can have?.
Answer: Refer to pages 182-183.
⩥ Which of the following are types of quota share reinsurance?
