XCel 2-15 Florida Life & Health State Exam simulator Questions and Answers Latest.

XCel 2-15 Florida Life & Health State Exam simulator Questions and Answers Latest. what is considered to be a characteristic of an immediate annuity benefit payments start within one payment period of purchase 3 MULTIPLE CHOICE OPTIONS which of these characteristics is consistent with a straight life policy premiums are payable for as long as there is insurance coverage in force 3 MULTIPLE CHOICE OPTIONS an insureds inability to perform two or more activities of daily living may trigger which type of life policy rider long term care 3 MULTIPLE CHOICE OPTIONS 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 pay the amount that the premium would have purchased at the correct age 3 MULTIPLE CHOICE OPTIONS what action can a policyowner take if an application for a bank loan requires collateral assign policy ownership to the bank 3 MULTIPLE CHOICE OPTIONS what is required in the Florida Employee Health Care Access Act small group benefit plans are to be issued on a guarantee issue basis 3 MULTIPLE CHOICE OPTIONS 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? an immediate annuity 3 MULTIPLE CHOICE OPTIONS the situation in which a group of physicians are salaried employees and conduct business in an hmo facility is called closed panel 3 MULTIPLE CHOICE OPTIONS 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 immediately 3 MULTIPLE CHOICE OPTIONS 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 six 3 MULTIPLE CHOICE OPTIONS when a policyowner cash surrenders a universal life insurance policy in its early years, this may be considered a red flag for a(n) anti money laundering violation XCel 2-15 Florida Life & Health State Exam simulator Questions and Answers Latest. 3 MULTIPLE CHOICE OPTIONS When is a Group Health policy required to provide coverage for a newborn child? at the moment of birth 3 MULTIPLE CHOICE OPTIONS which of the following situations does not apply to the florida replacement rule an existing policyholder purchases an additional policy from the same insurer 3 MULTIPLE CHOICE OPTIONS under a renewable term policy the renewal premium is calculated on the basis of the insured's attained age 3 MULTIPLE CHOICE OPTIONS D owns a Whole Life policy that was purchased 10 years ago. If the premium payments suddenly stop and D takes no additional action, which Nonforfeiture Option will the insurer likely proceed with? extended term 3 MULTIPLE CHOICE OPTIONS In Florida, which employee is eligible for an employer's group term life plan? employee who works more than 40 hours per week 3 MULTIPLE CHOICE OPTIONS which of the following statements is correct regarding an employer/employee group health plan the employer receives a master policy and the employees receive certificates 3 MULTIPLE CHOICE OPTIONS all of the following statements regarding a tax sheltered annuity (tsa) are true except income derived from the tsa is received income tax free 3 MULTIPLE CHOICE OPTIONS How would a contingent beneficiary receive the policy proceeds in an Accidental Death and Dismemberment (AD&D) policy? if the primary beneficiary dies before the insured 3 MULTIPLE CHOICE OPTIONS A student pilot can pay regular premium costs for her life insurance policy with the addition of which of the following? aviation exclusion 3 MULTIPLE CHOICE OPTIONS which of these statements is incorrect regarding a preferred provider organization (ppo)? ppos are not a type of managed care systems 3 MULTIPLE CHOICE OPTIONS which of the following is considered an accurate statement of an unfair trade practice? twisting involves an agent using misrepresentation to convince a policyowner to cancel their current policy so that they can purchase a new life insurance policy with another company 3 MULTIPLE CHOICE OPTIONS what is floridas definition of life insurance replacement a transaction in which a new policy is bought and an old policy is terminated 3 MULTIPLE CHOICE OPTIONS a sole proprietor may use this plan only if the employees of this business are included keogh pension plan 3 MULTIPLE CHOICE OPTIONS a primary beneficiary has died before the insured in a life insurance policy. a contingent beneficiary is also named in the policy. which of the following will occur when the insured dies proceeds will go to the contingent beneficiary 3 MULTIPLE CHOICE OPTIONS Upon delivery of a rated life insurance policy, the Producer must obtain each of the following EXCEPT signed hipaa disclosure 3 MULTIPLE CHOICE OPTIONS which of these is not relevant when the determining the amount of personal life insurance needed local unemployment rates 3 MULTIPLE CHOICE OPTIONS Before a life insurance policy is issued, which of these components of the contract is required? applicants signature on application 3 MULTIPLE CHOICE OPTIONS W gave W's age as 50 when W purchased a Life policy. At the time of W's death seven years later, the company discovered W's true age at issue had been 59. What would the normal procedure be under the misstatement of age provision in regard to the payment of the death claim? the proceeds would be reduced based on whatever the premium would have been if purchased at age 59 3 MULTIPLE CHOICE OPTIONS a business overhead expense policy would cover which of the following if a business owner becomes disabled utilities and office rent 3 MULTIPLE CHOICE OPTIONS a policyowner may generate taxable income from which of the following dividend options accumulation at interest 3 MULTIPLE CHOICE OPTIONS a life insurance policy which ensures that the premium will be paid if the insured becomes disabled has what kind of rider attached waiver of premium 3 MULTIPLE CHOICE OPTIONS T, age 70, withdraws cash from a profit-sharing plan and purchases a Straight Life Annuity. What will this transaction provide? income that cannot be outlived by the owner 3 MULTIPLE CHOICE OPTIONS Which rider provides coverage for a child under a parent's life insurance policy?child term rider .