XCEL Arizona Life and Health Insurance State Exam Questions & Answers 100% Correct!!

Under a long-term care inflation rider, the benefit levels - ANSWERperiodically increase without proof of insurability In order for a health plan to be an "accountable health plan", who has to approve it? - ANSWERthe director Medicare Part A coinsurance payments are covered by - ANSWERMedicare Supplement Plan A Employees generally receive workers compensation benefits for - ANSWERlost wages and medical expenses due to occupational accidents What year was the Mental Health Parity and Addiction Equity Act established? - ANSWER2008 In what situation would disability income insurance premiums be a deductible expense? - ANSWERCorporation paying for group disability income coverage for its employees John received a one-time distribution of $50,000 from his modified endowment contract (MEC). Prior to that, the contract's cash value was $150,000, the contract investment amount was $100,000, and the death benefit was $500,000. What percentage of the $50,000 distribution was taxable as ordinary income? - ANSWER100% A survivorship life insurance policy usually covers how many lives? - ANSWER2 Mentally or physically handicapped dependent children MUST be covered under an individual health insurance policy - ANSWERuntil they become self-supportive