Washington Life and Health (Disability) Exam | All
Questions and Correct Answers | Verified Answers |
Just Released | Newest Version
An insurer authorized to do business within this state is considered what type of
insurer?
A
Alien
B
Domestic
C
Foreign
D
Admitted - (ANSWER)D-Admitted
An insurer authorized to do business in this state is referred to as admitted, and
could be either domestic, foreign, or alien domiciled.
A long-term care policy can exclude from coverage all of the following, except:
Hospitalization (acute care)
B
Intentionally self-inflicted injuries
,C
Rest cures
D
Alzheimer's disease - (ANSWER)D- Alzheimer's disease
Alzheimer's disease cannot be excluded from long-term care coverage.
Which is not correct concerning a Blue Cross and Blue Shield Plan?
A
In most states, they are considered not-for-profit organizations
B
Benefits are paid directly to the insured individual
C
They are fee for service plans
D
They offer both individual and group coverage - (ANSWER)B-Benefits are paid
directly to the insured individual
As both Blue Cross and Blue Shield Plans are fee for service programs, they pay
the service provider, not the covered individual (i.e. subscriber). They are typically
not-for-profit and provide both group and individual coverage.
,Universal Life and Variable Universal Life share all of the following characteristics,
except:
A
Policy loans, surrenders, and partial withdrawals are permitted
B
Flexible premiums
C
Adjustable death benefit options
D
The investment risk - (ANSWER)B- Flexible premiums
But like Variable life, a VUL has a separate account that is maintained and the
investment return fluctuates based on the performance of the separate account.
Since there is no guaranteed return on the separate account, the owner bears all
investment risk.
All of the following are life insurance disability riders, except:
A
Disability Income Benefit
B
Payor Benefit
, C
Waiver of Premium
D
Jumping Juvenile - (ANSWER)D- Jumping Juvenile
A payor benefit can be added to a jumping juvenile policy.
Each major line of insurance requires at least _____ credit hours of prelicensure
instruction.
A
12
B
20
C
16
D
18 - (ANSWER)B- 20
Each major line of insurance requires at least 20 credit hours of prelicensure
instruction and the license examination must be taken within 12 months of
completion.
Questions and Correct Answers | Verified Answers |
Just Released | Newest Version
An insurer authorized to do business within this state is considered what type of
insurer?
A
Alien
B
Domestic
C
Foreign
D
Admitted - (ANSWER)D-Admitted
An insurer authorized to do business in this state is referred to as admitted, and
could be either domestic, foreign, or alien domiciled.
A long-term care policy can exclude from coverage all of the following, except:
Hospitalization (acute care)
B
Intentionally self-inflicted injuries
,C
Rest cures
D
Alzheimer's disease - (ANSWER)D- Alzheimer's disease
Alzheimer's disease cannot be excluded from long-term care coverage.
Which is not correct concerning a Blue Cross and Blue Shield Plan?
A
In most states, they are considered not-for-profit organizations
B
Benefits are paid directly to the insured individual
C
They are fee for service plans
D
They offer both individual and group coverage - (ANSWER)B-Benefits are paid
directly to the insured individual
As both Blue Cross and Blue Shield Plans are fee for service programs, they pay
the service provider, not the covered individual (i.e. subscriber). They are typically
not-for-profit and provide both group and individual coverage.
,Universal Life and Variable Universal Life share all of the following characteristics,
except:
A
Policy loans, surrenders, and partial withdrawals are permitted
B
Flexible premiums
C
Adjustable death benefit options
D
The investment risk - (ANSWER)B- Flexible premiums
But like Variable life, a VUL has a separate account that is maintained and the
investment return fluctuates based on the performance of the separate account.
Since there is no guaranteed return on the separate account, the owner bears all
investment risk.
All of the following are life insurance disability riders, except:
A
Disability Income Benefit
B
Payor Benefit
, C
Waiver of Premium
D
Jumping Juvenile - (ANSWER)D- Jumping Juvenile
A payor benefit can be added to a jumping juvenile policy.
Each major line of insurance requires at least _____ credit hours of prelicensure
instruction.
A
12
B
20
C
16
D
18 - (ANSWER)B- 20
Each major line of insurance requires at least 20 credit hours of prelicensure
instruction and the license examination must be taken within 12 months of
completion.
