IOWA Life And Health Insurance
Frequently Tested Exam Questions With
Verified Multiple Choice and Conceptual Actual
100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
1. Jis receiving fixed amount benefit payments from his late wife's insurance
policy. He was told that if he dies before al to the contingent beneficiary.
Which settlement option did J choose? - ANSWER Fixed Amount
2. The "stop-loss" feature on a major medical policy is intended to
a) Establish the number of claims that may be filed on a policy in a calendar
year.
b) Establish a maximum amount of out-of-pocket expense that an Insured will
have to pay for medical expense in a calendar year
c) Establish a maximum amount of out-of-pocket expense that an insured will
have to pay for medical expense for the life of the policy.
d) Discourage insured from making unnecessary appointments at the doctor's
office. A stop-loss feature is a provision that gives the insured financial security
by limiting the maximum amount that would have to be paid in deductibles
and co-payments during calendar year. - ANSWER . Establish a maximum
amount of out-of-pocket expense that an Insured will have to pay for medical
expense in a calendar year
, 3. The guaranteed purchase option is also referred to as the
a) Multiple indemnity rider.
b) Impairment rider.
c) Evidence of insurability rider.
d) Future Increase option - ANSWER d) Future Increase option The
guaranteed purchase option is also referred to as the future increase option.
4. # 11 All of the following could qualify as a group for the purpose of
purchasing group health insurance EXCEPT
a) Multiple employer trust.
b) Single employer with 14 employees.
c) An association of 35 people.
d) Labor union - ANSWER c) An association of 35 people.
5. # 12. Where are premiums from fixed annuities invested?
a) A general account
b) A variable annuity
c) A hedge fund
d) A separate account - ANSWER a) A general account
6. #13. Which of the following meets the insured's personal needs, and is
provided by nonmedical personnel?
a) Intermediate care
Frequently Tested Exam Questions With
Verified Multiple Choice and Conceptual Actual
100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
1. Jis receiving fixed amount benefit payments from his late wife's insurance
policy. He was told that if he dies before al to the contingent beneficiary.
Which settlement option did J choose? - ANSWER Fixed Amount
2. The "stop-loss" feature on a major medical policy is intended to
a) Establish the number of claims that may be filed on a policy in a calendar
year.
b) Establish a maximum amount of out-of-pocket expense that an Insured will
have to pay for medical expense in a calendar year
c) Establish a maximum amount of out-of-pocket expense that an insured will
have to pay for medical expense for the life of the policy.
d) Discourage insured from making unnecessary appointments at the doctor's
office. A stop-loss feature is a provision that gives the insured financial security
by limiting the maximum amount that would have to be paid in deductibles
and co-payments during calendar year. - ANSWER . Establish a maximum
amount of out-of-pocket expense that an Insured will have to pay for medical
expense in a calendar year
, 3. The guaranteed purchase option is also referred to as the
a) Multiple indemnity rider.
b) Impairment rider.
c) Evidence of insurability rider.
d) Future Increase option - ANSWER d) Future Increase option The
guaranteed purchase option is also referred to as the future increase option.
4. # 11 All of the following could qualify as a group for the purpose of
purchasing group health insurance EXCEPT
a) Multiple employer trust.
b) Single employer with 14 employees.
c) An association of 35 people.
d) Labor union - ANSWER c) An association of 35 people.
5. # 12. Where are premiums from fixed annuities invested?
a) A general account
b) A variable annuity
c) A hedge fund
d) A separate account - ANSWER a) A general account
6. #13. Which of the following meets the insured's personal needs, and is
provided by nonmedical personnel?
a) Intermediate care
