XCel 2-15 florida life & health state exam simulator

what is considered to be a characteristic of an immediate annuity - Answer- benefit payments start within one payment period of purchase which of these characteristics is consistent with a straight life policy - Answer- premiums are payable for as long as there is insurance coverage in force an insureds inability to perform two or more activities of daily living may trigger which type of life policy rider - Answer- long term care B recently died and was insured with a life insurance policy for over five years. During the claims process, the insurer discovered that B had understated his age by 5 years at the time of application. In this situation, the insurer will - Answer- pay the amount that the premium would have purchased at the correct age what action can a policyowner take if an application for a bank loan requires collateral - Answer- assign policy ownership to the bank what is required in the Florida Employee Health Care Access Act - Answer- small group benefit plans are to be issued on a guarantee issue basis P is a forty year old woman and would like to purchase an annuity that will provide a lifetime income stream beginning at age sixty. Which of the following did she NOT buy? - Answer- an immediate annuity the situation in which a group of physicians are salaried employees and conduct business in an hmo facility is called - Answer- closed panel T sends proof of loss to her insurer for an acceptable medical expense claim under her individual Health Insurance policy. Upon receipt, the insurer must pay the benefits - Answer- immediately an application for medicare supplement coverage may not be denied by the insurer if the application was submitted within ______ month(s) after the applicant reaches the age 65 - Answer- six when a policyowner cash surrenders a universal life insurance policy in its early years, this may be considered a red flag for a(n) - Answer- anti money laundering violation When is a Group Health policy required to provide coverage for a newborn child? - Answer- at the m