6/22/25, 8:53 AM Final Exam PA Life, Health and Accident ACTUAL exam: QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
Final Exam PA Life, Health and Accident ACTUAL
exam: QUESTION AND ANSWERS UPDATED 2025
LATEST
Save
Terms in this set (148)
Which of these factors is Personal Income
NOT taken into
consideration when
determining the cost of a
long-term care policy?
What is the nonforfeiture All premiums paid, plus interest, minus any
value of an annuity before withdrawals and surrender charges
annuitization?
In an employer sponsored 60%
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?
Premium mode is a term Frequency of the premium payment
used to describe the?
https://quizlet.com/1056105120/final-exam-pa-life-health-and-accident-actual-exam-question-and-answers-updated-2025-latest-flash-cards/?new 1/24
,6/22/25, 8:53 AM Final Exam PA Life, Health and Accident ACTUAL exam: QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
A master contract and Group
certificate of coverage
can be found in which
type of policy?
With a scheduled dental Benefits are limited to a specific maximum dollar
policy, how are covered amount per procedure
expenses paid?
All of the following are Change made by the producer
included as a part of a
contract in the entire
contract provision EXPECT
the?
A securities license is Variable life insurance
required for a life
insurance producer to sell
Under a disability income Accidental bodily injury provision
policy, which provision
would be payable if the
cause of an injury is
unexpected and
accidental?
Under a life insurance The insures obligation to pay a death benefit upon an
policy, what does the approved death claim
insuring clause state?
What type of disability Permanent partial disability
would be less than total
impairment and equal to
permanent impairment?
Which of these statements The annuitants life expectancy determines the annuity
regarding the annuitant is payments
CORRECT?
https://quizlet.com/1056105120/final-exam-pa-life-health-and-accident-actual-exam-question-and-answers-updated-2025-latest-flash-cards/?new 2/24
, 6/22/25, 8:53 AM Final Exam PA Life, Health and Accident ACTUAL exam: QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
An insurer must furnish to 15 days
a claimant forms for filing
proof of loss within ___
days upon receiving a
notice of claim.
A life insurance policy that Universal Life
is subject to a contract
interest rate is referred to
as
Which settlement option Interest only
involves having the
proceeds remain with the
insurer and earnings paid
on a monthly basis to the
beneficiary?
Within how many days 30 days
must a producer report to
the commissioner any
charges made against
them?
Which of the following Employer
would be considered a
possible applicant and
contract policyholder for
group health benefits?
How are annuities given Gains are taxed at distribution
favorable tax treatment?
The term which describes Aleatory
the fact that both parties
of a contract may NOT
receive the same value is
referred to as
https://quizlet.com/1056105120/final-exam-pa-life-health-and-accident-actual-exam-question-and-answers-updated-2025-latest-flash-cards/?new 3/24
Final Exam PA Life, Health and Accident ACTUAL
exam: QUESTION AND ANSWERS UPDATED 2025
LATEST
Save
Terms in this set (148)
Which of these factors is Personal Income
NOT taken into
consideration when
determining the cost of a
long-term care policy?
What is the nonforfeiture All premiums paid, plus interest, minus any
value of an annuity before withdrawals and surrender charges
annuitization?
In an employer sponsored 60%
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?
Premium mode is a term Frequency of the premium payment
used to describe the?
https://quizlet.com/1056105120/final-exam-pa-life-health-and-accident-actual-exam-question-and-answers-updated-2025-latest-flash-cards/?new 1/24
,6/22/25, 8:53 AM Final Exam PA Life, Health and Accident ACTUAL exam: QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
A master contract and Group
certificate of coverage
can be found in which
type of policy?
With a scheduled dental Benefits are limited to a specific maximum dollar
policy, how are covered amount per procedure
expenses paid?
All of the following are Change made by the producer
included as a part of a
contract in the entire
contract provision EXPECT
the?
A securities license is Variable life insurance
required for a life
insurance producer to sell
Under a disability income Accidental bodily injury provision
policy, which provision
would be payable if the
cause of an injury is
unexpected and
accidental?
Under a life insurance The insures obligation to pay a death benefit upon an
policy, what does the approved death claim
insuring clause state?
What type of disability Permanent partial disability
would be less than total
impairment and equal to
permanent impairment?
Which of these statements The annuitants life expectancy determines the annuity
regarding the annuitant is payments
CORRECT?
https://quizlet.com/1056105120/final-exam-pa-life-health-and-accident-actual-exam-question-and-answers-updated-2025-latest-flash-cards/?new 2/24
, 6/22/25, 8:53 AM Final Exam PA Life, Health and Accident ACTUAL exam: QUESTION AND ANSWERS UPDATED 2025 LATEST Flashcards | Quizlet
An insurer must furnish to 15 days
a claimant forms for filing
proof of loss within ___
days upon receiving a
notice of claim.
A life insurance policy that Universal Life
is subject to a contract
interest rate is referred to
as
Which settlement option Interest only
involves having the
proceeds remain with the
insurer and earnings paid
on a monthly basis to the
beneficiary?
Within how many days 30 days
must a producer report to
the commissioner any
charges made against
them?
Which of the following Employer
would be considered a
possible applicant and
contract policyholder for
group health benefits?
How are annuities given Gains are taxed at distribution
favorable tax treatment?
The term which describes Aleatory
the fact that both parties
of a contract may NOT
receive the same value is
referred to as
https://quizlet.com/1056105120/final-exam-pa-life-health-and-accident-actual-exam-question-and-answers-updated-2025-latest-flash-cards/?new 3/24
