Wisconsin Accident and Health Insurance Exam
4 Q&A
If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be
increased
at the insurer's discretion.
at least once per year from policy issue.
at least once per year from when benefits begin.
based on the performance of the S&P. - =at least once per year from when benefits begin.
A disabled business owner who has payroll and business expenses paid for has what kind of
insurance policy?
Key person.
Franchise disability.
Business overhead expense.
Disability income. - =Business overhead expense.
Reductions in coverage are one feature of _______ in health insurance policies.
optional provisions.
mandatory provisions.
cost containment.
the insuring clause. - =cost containment.
All of these are duties that a producer may be required to perform when delivering an
insurance policy EXCEPT
, Acquire a statement of good health signature.
Gather the initial premium.
Review policy with applicant.
Leave a conditional receipt with client. - =Leave a conditional receipt with client.
Which of the following is NOT a function of accident and health insurance?
Pays a death benefit as a result of natural causes.
Covers the loss of income from a disability.
Covers the cost of medical care as a result of an accident.
Pays for hospice care in the event of a terminal illness. - =Pays a death benefit as a result of
natural causes.
Short-term group disability income benefits are
always paid income-tax free to the employee.
a percentage of weekly earnings up to to a stated maximum.
only payable if the disability was work-related.
taxable to the employee when the plan is fully contributory. - =a percentage of weekly earnings
up to to a stated maximum.
Under a key person disability income policy, benefits will be received as
taxable income to the key employee.
tax-free to the key employee.
tax-free income to the business.
taxable income to the business. - =tax-free income to the business.
4 Q&A
If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be
increased
at the insurer's discretion.
at least once per year from policy issue.
at least once per year from when benefits begin.
based on the performance of the S&P. - =at least once per year from when benefits begin.
A disabled business owner who has payroll and business expenses paid for has what kind of
insurance policy?
Key person.
Franchise disability.
Business overhead expense.
Disability income. - =Business overhead expense.
Reductions in coverage are one feature of _______ in health insurance policies.
optional provisions.
mandatory provisions.
cost containment.
the insuring clause. - =cost containment.
All of these are duties that a producer may be required to perform when delivering an
insurance policy EXCEPT
, Acquire a statement of good health signature.
Gather the initial premium.
Review policy with applicant.
Leave a conditional receipt with client. - =Leave a conditional receipt with client.
Which of the following is NOT a function of accident and health insurance?
Pays a death benefit as a result of natural causes.
Covers the loss of income from a disability.
Covers the cost of medical care as a result of an accident.
Pays for hospice care in the event of a terminal illness. - =Pays a death benefit as a result of
natural causes.
Short-term group disability income benefits are
always paid income-tax free to the employee.
a percentage of weekly earnings up to to a stated maximum.
only payable if the disability was work-related.
taxable to the employee when the plan is fully contributory. - =a percentage of weekly earnings
up to to a stated maximum.
Under a key person disability income policy, benefits will be received as
taxable income to the key employee.
tax-free to the key employee.
tax-free income to the business.
taxable income to the business. - =tax-free income to the business.
