Final Exam PA Life, Health and Accident Questions and Correct Answers

Which of these factors is NOT taken into consideration when determining the cost of a long-term care policy? Personal Income What is the nonforfeiture value of an annuity before annuitization? All premiums paid, plus interest, minus any withdrawals and surrender charges In an employer sponsored contributory group disability income plan the employer pays 60% of the premium and each employee pays 40% of the premium. Any income benefits paid are taxed to the employee at? 60% Premium mode is a term used to describe the? Frequency of the premium payment A master contract and certificate of coverage can be found in which type of policy? Group With a scheduled dental policy, how are covered expenses paid? Benefits are limited to a specific maximum dollar amount per procedure All of the following are included as a part of a contract in the entire contract provision EXPECT the? Change made by the producer A securities license is required for a life insurance producer to sell Variable life insurance Under a disability income policy, which provision would be payable if the cause of an injury is unexpected and accidental? Accidental bodily injury provision Under a life insurance policy, what does the insuring clause state? The insures obligation to pay a death benefit upon an approved death claim What type of disability would be less than total impairment and equal to permanent impairment? Permanent partial disability Which of these statements regarding the annuitant is CORRECT? The annuitants life expectancy determines the annuity payments An insurer must furnish to a claimant forms for filing proof of loss within ___ days upon receiving a notice of claim. 15 days