Alabama Insurance Producer license
test with verified solutions
Employer health plans must provide primary coverage for individuals with
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
end-stage renal disease before medicare becomes primary care for how
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
many months? - correct answer ✔30 months
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the sole beneficiary of a life insurance policy dies before the insured. the
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policy will then go to? - correct answer ✔The insured's estate
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An insured buys a 5-year level premium term policy with a face amount of
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
$100,000. The policy also contains renewability and convertibility options.
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When the insured renews the policy in five years, what happens to the
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
premium? - correct answer ✔it increases because they are 5 years older
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and not fit into an older homogenous group.
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Workers Comp is regulated by? - correct answer ✔State Government
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All the following are dividend options except: - correct answer ✔Fixed
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period installments. |!|
which of the following is NOT the consideration in a policy? - correct
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answer ✔The application given to a prospective insured.
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When the insured selects that extended term nonforfeiture option, the cas
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value will be used to purchase term insurance with what face amount? -
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
, correct answer ✔Equal to the original policy for as long as the cash values
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will purchase.
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When the policy premium wasn't submitted with the application, what
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should the agent obtain from the insured upon policy delivery? - correct
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answer ✔a statement of good health
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Which of the following is NOT among the goals of Medicare supplement
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application? - correct answer ✔Presuming the applicant is eligible for
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
Medicaid, based on the nature of the policy |!| |!| |!| |!| |!| |!| |!|
Which clause stipulates that life insurance premiums can be paid in
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
advance of policy insurance? - correct answer ✔Payment of Premium
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Cause
Under an extended term nonforfeiture option, the policy cash value is
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
converted to - correct answer ✔the same face amount as in the whole life
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policy.
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A new employee who meets HIPAA eligibility requirements must be issued
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
health coverage on what basis? - correct answer ✔guaranteed
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A man decided to purchase a $100,000 Annually Renewable Term Life
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
policy to provide additional protection until his children finished college.
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
He discovered that his policy - correct answer ✔required a premium
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
increase each renewal |!| |!|
a family's income need is greatest during which period? - correct answer
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✔family income dependency |!| |!|
test with verified solutions
Employer health plans must provide primary coverage for individuals with
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
end-stage renal disease before medicare becomes primary care for how
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
many months? - correct answer ✔30 months
|!| |!| |!| |!| |!| |!|
the sole beneficiary of a life insurance policy dies before the insured. the
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
policy will then go to? - correct answer ✔The insured's estate
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
An insured buys a 5-year level premium term policy with a face amount of
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
$100,000. The policy also contains renewability and convertibility options.
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
When the insured renews the policy in five years, what happens to the
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
premium? - correct answer ✔it increases because they are 5 years older
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
and not fit into an older homogenous group.
|!| |!| |!| |!| |!| |!| |!|
Workers Comp is regulated by? - correct answer ✔State Government
|!| |!| |!| |!| |!| |!| |!| |!| |!|
All the following are dividend options except: - correct answer ✔Fixed
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
period installments. |!|
which of the following is NOT the consideration in a policy? - correct
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
answer ✔The application given to a prospective insured.
|!| |!| |!| |!| |!| |!| |!|
When the insured selects that extended term nonforfeiture option, the cas
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
value will be used to purchase term insurance with what face amount? -
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
, correct answer ✔Equal to the original policy for as long as the cash values
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
will purchase.
|!| |!|
When the policy premium wasn't submitted with the application, what
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
should the agent obtain from the insured upon policy delivery? - correct
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
answer ✔a statement of good health
|!| |!| |!| |!| |!|
Which of the following is NOT among the goals of Medicare supplement
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
application? - correct answer ✔Presuming the applicant is eligible for
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
Medicaid, based on the nature of the policy |!| |!| |!| |!| |!| |!| |!|
Which clause stipulates that life insurance premiums can be paid in
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
advance of policy insurance? - correct answer ✔Payment of Premium
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
Cause
Under an extended term nonforfeiture option, the policy cash value is
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
converted to - correct answer ✔the same face amount as in the whole life
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
policy.
|!|
A new employee who meets HIPAA eligibility requirements must be issued
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
health coverage on what basis? - correct answer ✔guaranteed
|!| |!| |!| |!| |!| |!| |!| |!| |!|
A man decided to purchase a $100,000 Annually Renewable Term Life
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
policy to provide additional protection until his children finished college.
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
He discovered that his policy - correct answer ✔required a premium
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
increase each renewal |!| |!|
a family's income need is greatest during which period? - correct answer
|!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!| |!|
✔family income dependency |!| |!|
