AD Banker life and health exam ACTUAL
QUESTIONS AND CORRECT ANSWERS
If suicide occurs during the first 2 years a life policy is in effect, the insurance company will:
A
Refund an amount equal to total premiums
B
Pay cash value
C
Pay face amount
D
Deny the claim - CORRECT ANSWERS Refund an amount equal to total premiums
Which of the following gives the insured the right to renew a policy at a guaranteed premium?
A
Conditionally renewable
B
Optionally renewable
C
Noncancellable
D
Guaranteed renewable - CORRECT ANSWERS Noncancellable
, A health insurance policy must be renewable but the premiums may increase if all insureds in the
same class have the same increase is called:
A
A conditionally renewable policy
B
An optionally renewable policy
C
A guaranteed renewable policy
D
A cancellable policy - CORRECT ANSWERS A guaranteed renewable policy
To contribute to a Health Savings Account, the insured is required to purchase a:
A
Guaranteed Insurability Rider
B
High deductible health plan
C
Flexible Savings Account
D
Long-term care policy - CORRECT ANSWERS High deductible health plan
A cost containment measure for a managed care plan is to require a:
QUESTIONS AND CORRECT ANSWERS
If suicide occurs during the first 2 years a life policy is in effect, the insurance company will:
A
Refund an amount equal to total premiums
B
Pay cash value
C
Pay face amount
D
Deny the claim - CORRECT ANSWERS Refund an amount equal to total premiums
Which of the following gives the insured the right to renew a policy at a guaranteed premium?
A
Conditionally renewable
B
Optionally renewable
C
Noncancellable
D
Guaranteed renewable - CORRECT ANSWERS Noncancellable
, A health insurance policy must be renewable but the premiums may increase if all insureds in the
same class have the same increase is called:
A
A conditionally renewable policy
B
An optionally renewable policy
C
A guaranteed renewable policy
D
A cancellable policy - CORRECT ANSWERS A guaranteed renewable policy
To contribute to a Health Savings Account, the insured is required to purchase a:
A
Guaranteed Insurability Rider
B
High deductible health plan
C
Flexible Savings Account
D
Long-term care policy - CORRECT ANSWERS High deductible health plan
A cost containment measure for a managed care plan is to require a:
