question

T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. Their mother was named contingent beneficiary. Five years later, S dies of natural causes and the father is killed in a scuba accident shortly afterwards. How much of the death benefit will the mother receive?

answer

$0

question

Which statement regarding the Change of Beneficiary provision is true?

answer

The policyowner can change the beneficiary

question

What is the underlying concept regarding level premiums?

answer

The early years are charged more than what is needed

question

C is trying to determine whether to convert her convertible term life policy to whole life insurance using her original age or attained age. What factor would affect her decision the most?

answer

The cost

question

If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who died first, where are the death proceeds to be directed under the Uniform Simultaneous Death Act?

answer

Insured's contingent beneficiary

question

On a life insurance policy, who is qualified to change the beneficiary designation?

answer

Policyowner

question

A policyowner is allowed to pay premiums more than once a year under which provision?

answer

Mode of Premium

question

A life insurance application must be signed by all of these EXCEPT

answer

Beneficiary

question

Any changes made on an insurance application requires the initials of whom?

answer

Applicant

question

Which Federal law allows an insurer to obtain an inspection report on a potential insured?

answer

Fair Credit Reporting Act

question

All of these are considered sources of underwriting information about an applicant EXCEPT

answer

Rating Services

question

K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used?

answer

Conditional

question

P is a producer who notices 5 questions on a life application were not answered. What actions should P take?

answer

Set up a meeting with the applicant to answer the remaining questions

question

An underwriter determines that an applicant's risk should be recategorized due to a health issue. This life insurance policy may be issued with a(n)

answer

extra premium

question

In order for coverage on a non-medical insurance application to take effect the same day, the producer must collect a signed application and

answer

the initial premium

question

When does a life insurance contract become effective if the initial premium is not collected during the application process?

answer

When producer delivers policy and collects initial premium

question

Why is an applicant's signature required on a life insurance application?

answer

To attest that the statements on the application are accurate to the best of the applicant's knowledge

question

A Disability Income policyowner suffers a disability which was due to the same cause as a previous disability. Both disabilities occurred within a five-month period. The insurer may cover the second disability without a new elimination period under the

answer

Recurrent Disability provision

question

Which of these statements is INCORRECT regarding the federal income tax treatment of life insurance?

answer

Entire cash surrender value is taxable

question

Q would like to purchase $100,000 of permanent protection on his wife and $50,000 of Term coverage on himself under the same policy. What kind of policy should Q purchase?

answer

Whole life policy with other insured rider

question

What action should a producer take if the initial premium is NOT submitted with the application?

answer

Forward the application to the insurer without the initial premium

question

What is being delivered during a policy delivery?

answer

Insurance contract to the proposed insured

question

Which of these actions should a producer take when submitting an insurance application to an insurer?

answer

Inform insurer of relevant information not included on the application

question

Before a life insurance policy is issued, which of these components of the contract is required?

answer

Applicant's signature on application

question

Which requirement must be met for an association to be eligible for a group life plan?

answer

Group was formed for a purpose other than acquiring insurance

question

G purchased a Family Income policy at age 40, The policy has a 20-year rider period. If G were to die at age 50, how long would G's family receive an income?

answer

10 years

question

What group term life feature permits an individual to depart from the group and continue to be covered without providing evidence of insurability?

answer

Conversion

question

S recently received a $500,000 lump sum retirement buyout from her employer. She would like to buy an annuity that will immediately furnish her with a guaranteed income for life. What type of annuity is best suited for her situation?

answer

Single Premium

question

The annuity that represents the largest possible monthly payment to an individual annuitant is a(n)

answer

Straight Life annuity

question

An individual who purchases a Life annuity is given protection against

answer

the risk of living longer than expected

question

What is considered to be a characteristic of an immediate annuity?

answer

Benefit payments start within one payment period of purchase

question

An immediate annuity consists of a

answer

single premium

question

What determines the full amount of Social Security retirement benefits a qualified individual is entitled to receive?

answer

Primary Insurance Amount (PIA)

question

Which of these retirement plans can be started by an employee, even if another plan is in existence?

answer

Individual Retirement Account (IRA)

question

Which of these is NOT a type of agent authority?

answer

Principal

question

Which of the following statements is true about most Blue Cross/Blue Shield organizations?

answer

They are nonprofit organizations

question

When a person returns to work after a period of total disability but cannot earn as much as he or she did before the disability, this situation is called which of the following?

answer

Residual disability

question

An individual Disability Income insurance applicant may be required to submit all of the following information EXCEPT

answer

spouse's occupation

question

B is a teacher who was injured in a car accident and cannot work. She is now receiving monthly benefits as a result of this accident. Which type of policy does B have?

answer

Disability Income

question

Disability policies do NOT normally pay for disabilities arising from which of the following?

answer

War

question

T has Disability Income policy that pays a monthly benefit of $5000. If T becomes partially disabled, what can he likely expect?

answer

Less than $5,000 per month benefit regardless of the cause

question

With Disability Income insurance, an insurance company may limit the monthly benefit amount a prospective policy holder may obtain because of the insured's

answer

gross income at the time of purchase

question

K becomes ill after traveling overseas and is unable to work for 3 months. What kind of policy would cover her loss of income?

answer

Disability Income

question

When determining the monthly benefit amount for a Disability Income policy, the factor that limits the amount a prospective insured may purchase is

answer

Income

question

What does a Guaranteed Insurability rider provide a Disability Income policyowner?

answer

The ability to periodically increase the amount of coverage without evidence of insurability

question

P, age 50, purchased an annuity that P will fund with $500/ month for 15 years. The annuity will then pay P retirement payments after the 15 years. Which type of annuity did P purchase?

answer

Deferred

question

The underwriting process involves all of these EXCEPT for

answer

Policy loan

question

Which parts of a life insurance policy are guaranteed to be true?

answer

Warranty

question

P and Q are married and have three children. P is the primary beneficiary on Q's Accidental Death and Dismemberment (AD) policy and Q's sister R is the contingent beneficiary. P, Q, and R are involved in a car accident and Q and R are killed instantly. The Accidental Death benefits will be paid to

answer

P only

question

An insured covered by life insurance has just died. What will happen if the primary beneficiary had already died before the insured and contingent beneficiary?

answer

Proceeds will go to the contingent beneficiary

question

What type of renewability guarantees premium rates and renewability?

answer

Guaranteed renewable

question

When does a Probationary Period provision become effective in a health insurance contract?

answer

At the policy's inception

question

The clause in an Accident and Health policy which defines the benefit amounts the insurer will pay is called the

answer

Insuring clause

question

A Disability Income policyowner recently submitted a claim for a chronic neck problem that has now resulted in total disability. The original neck injury occurred before the application was taken 5 years prior. The neck injury was never disclosed to the insurer at the time of application. How will the insurer handle this claim?

answer

Claim will be paid and coverage will remain in force

question

T files a claim on his Accident and Health policy after being treated for an illness. The insurance company believes that T misrepresented his actual health on the initial insurance application and is, therefore, disputing the claim's validity. The provision that limits the period during which the company may dispute a claim's validity is called

answer

Time Limit on Certain Defenses

question

K failed to pay a renewal premium within the time granted by the insurer. K then sends in a payment which the insurer subsequently accepts. Which policy provision specifies that coverage may be restored in this situation?

answer

Reinstatement

question

Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy?

answer

Premiums are waived after the insured has been totally disabled for a specified time period

question

Pre-hospitalization authorization is considered an example of

answer

managed care

question

An agent takes an individual Disability Income application, collects the appropriate premium, and issues the prospective insured a conditional receipt. The next step the insurance company will take is to

answer

determine if the applicant is an acceptable risk by completing standard underwriting procedures

question

Which of the following statements about the classification of applicants is INCORRECT?

answer

Substandard applicants are never declined by underwriters

question

A prepaid application for individual Disability Income insurance was recently submitted to an insurer. When the insurer received the Medical Information Bureau (MIB) report, the report showed that the applicant had suffered a stroke 18 months ago, something that was not disclosed on the application. Which of the following actions would the insurance company NOT take?

answer

Send a notice to the MIB that the applicant was declined

question

Health insurance benefits NOT covered due to an act of war are

answer

excluded by the insurer in the contract provisions

question

Which Accident and Health policy provision addresses preexisting conditions?

answer

Time Limit on Certain Defenses

question

The Notice of Claims provision requires a policyowner to

answer

notify their physician of a claim within a specified time

question

According to the Time Payment of Claims provision, the insurer must pay Disability Income benefits no less frequently than which of the following options?

answer

Monthly

question

What should an insured do if the insurer does not send claims forms within the time period set forth in a health policy's Claims Forms provision?

answer

Submit the claim in any form

question

The policy provision that entitles the insurer to establish conditions the insured must meet while a claim is pending is

answer

Time Limit on Certain Defenses

question

When an insurance company sends a policy to the insured with an attached application, the element that makes the application part of the contract between the insured and the insurer is called the

answer

Entire Contract provision

question

Which statement regarding third-party ownership of a life insurance policy is true?

answer

It is used extensively in estate-planning as well as business circumstances

question

At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act?

answer

Upon completion of the application

question

Who elects the governing body of a mutual insurance company?

answer

Policyholders

question

S would like to use dividends from her life insurance policy to purchase paid-up additions. All of these would be factors that determine how much coverage can be purchased EXCEPT

answer

beneficiary's age

question

When an insurer issues a policy that refuses to cover certain risks, this is referred to as a(n)

answer

Exclusion

question

Which provision prevents an insurer from changing the terms of the contract with the policyowner by referring to documents not found within the policy itself?

answer

Entire Contract

question

What is the Suicide provision designed to do?

answer

safeguard the insurer from an applicant who is contemplating suicide

question

The provision that can be used to put an insurance policy back in force after it has lapsed due to nonpayment is called

answer

Reinstatement

question

What must the policyowner provide to the insurer for validation that a loss has occurred?

answer

Proof of Loss

question

Which of these is considered a mandatory provision?

answer

Payment of Claims

question

What provision in a life insurance policy states that the application is considered part of the contract?

answer

Entire Contract provision

question

What is considered to be a characteristic of a Conditionally Renewable Health Insurance policy?

answer

Premiums may increase at time of renewal

question

J, an Accidental Death and Dismemberment (AD) policy holder, dies after injuries sustained in an accident. J's age as stated on the application five years ago was found to be understated by ten years. Which of the following actions will the insurance company take?

answer

The insurer will adjust the benefit to what the premiums paid would have purchased at the insured's actual age

question

The incontestable clause allows an insurer to

answer

contest a claim during the contestable period

question

M's insurance company denied a reinstatement application for her lapsed health insurance policy. The company did not notify M of this denial. How many days from the reinstatement application date does the insurance company have to notify M of the denial before the policy will be automatically placed back in force?

answer

45 days

question

Which of the following statements is CORRECT about accelerated death benefits?

answer

Must have a terminal illness to qualify

question

With Optionally Renewable Health policies, the insurer may

answer

review the policy annually and determine whether or not to renew it

question

Which of the following services is NOT covered under a hospitalization expense policy?

answer

surgeon's fees

question

For which of the following expenses does a Basic Hospital policy pay?

answer

Hospital room and board

question

M has a Major Medical insurance policy with a $200 flat deductible and an 80% Coinsurance clause. If M incurs a $2,200 claim for an eligible medical expense, how much will M receive in payment for this claim?

answer

$1,600

question

How do life insurance companies handle cases where the insured commits suicide within the contract's stated Contestable period?

answer

Claims are denied under the Suicide clause of the policy

question

N is a student pilot with a large life insurance policy. Which of these features would limit the insurer's obligation in the event N was killed while flying as a student pilot?

answer

Exclusion

question

B owns a Whole Life policy with a guaranteed insurability option that allows him to purchase, without evidence of insurability, stated amounts of

answer

additional Whole Life coverage at specified times

question

Deductibles are used in health policies to lower

answer

overuse of medical services

question

Whose life is covered on a life insurance policy that contains a payor benefit clause?

answer

Child

question

Basic Hospital and Surgical policy benefits are

answer

lower than the actual expenses incurred

question

A characteristic of Preferred Provider Organizations (PPOs) would be:

answer

Discounted fees for the patient

question

The individual most likely to buy a Medicare Supplement policy would be a(n)

answer

68-year old male covered by Medicare

question

An insured pays premiums on an annual basis for an individual health insurance policy. What is the MINIMUM number of days for the Grace Period provision?

answer

31

question

Which of the following provisions specifies how long a policyowner's health coverage will remain in effect if the policyowner does not pay the premium when it is due?

answer

Grace Period

question

Which of the following statements BEST defines usual, customary, and reasonable (UCR) charges?

answer

The maximum amount considered eligible for reimbursement by an insurance company under a health plan

question

How are surrender charges deducted in a life policy with a rear-end loaded provision?

answer

Deducted when the policy is discontinued

question

S wants to open a tax-exempt Health Savings Account. To qualify for this type of account, Federal law dictates that S must be enrolled in a

answer

High-deductible health plan

question

Which of these options can an individual use their medical flexible spending account to pay for?

answer

Prescription drugs

question

Which of the following situations does a Critical Illness plan cover?

answer

Leukemia

question

Major Medical policies typically

answer

contain a deductible and coinsurance

question

What does the ownership clause in a life insurance policy state?

answer

Who the policyowner is and what rights the policyowner is entitled to

question

Comprehensive Major Medical policies usually combine

answer

Major Medical with Basic Hospital/Surgical coverage

question

A life insurance policy which ensures that the premium will be paid if the insured becomes disabled has what kind of rider attached?

answer

Waiver of Premium

question

Which of these statements about a Guaranteed Insurability Option rider is NOT TRUE?

answer

Evidence of insurability is required when the option is exercised

question

S buys a $50,000 whole life policy with a $50,000 Accidental Death and Dismemberment rider. S dies 1 year later of natural causes. How much will the insurer pay the beneficiary?

answer

$50,000

question

An insured is past due on his life insurance premium, but is still within the Grace Period. What will the beneficiary receive if the insured dies during this Grace Period?

answer

Full face amount minus any past due premiums

question

D is the policyowner and insured for a $50,000 life insurance policy. The beneficiary is D's wife. D and his wife divorce and D remarries, transferring ownership of his policy to his new wife. If D dies without making any further changes, to whom will the policy proceeds be paid to?

answer

Ex-wife

question

Which of these are NOT an example of a Nonforfeiture option?

answer

Life Income

question

An individual has a Major Medical policy with a $5,000 deductible and an 80/20 Coinsurance clause. How much will the INSURED have to pay if a total of $15,000 in covered medical expenses are incurred?

answer

$7,000

question

A provision in a life insurance policy that pays the policyowner an amount that does not surpass the guaranteed cash value is called the

answer

Policy Loan provision

question

When a misrepresentation on a life insurance policy application is discovered, what action may an insurance company take?

answer

Void the policy only if it is discovered during the Contestable period and proven to be material

question

P is the insured on a participating life policy. Which statement is true if P's premiums are waived due to a disability?

answer

P will still receive declared dividends

question

T was treated for an ailment 2 months prior to applying for a health insurance policy. This condition was noted on the application and the policy was issued shortly afterwards.How will the insurer likely consider this condition?

answer

Insurer will likely treat as a pre-existing condition which may not be covered for one year

question

The Consideration clause in a life insurance contract contains what pertinent information?

answer

Amount of premium payments and when they are due

question

Which contract permits the remaining partners to buy-out the interest of a disabled business partner?

answer

Disability Buy-Sell

question

Which of the following statements does NOT accurately describe the tax treatment of premiums and benefits of individual Accident and Health insurance?

answer

Disability income policy premiums are tax-deductible

question

A medical care provider which typically delivers health services at its own local medical facility is known as a

answer

Health Maintenance Organization

question

The individual who provides general medical care for a patient as well as the referral for specialized care is known as a

answer

Primary Care Physician

question

J is a subscriber to a plan which contracts with doctors and hospitals to provide medical benefits at a preset price. What type of plan does J belong to?

answer

Health Maintenance Organization

question

C was injured while deep sea diving and requires a hospital stay. C has a Major Medical policy with a 80/20 coinsurance clause and a $400 deductible. What is the MAXIMUM C will pay if the covered medical expenses are $2000?

answer

$720

question

Which of these is NOT considered to be an element of an insurance contract?

answer

Negotiating

question

Who makes the legally enforceable promises in a unilateral contract?

answer

Insurer

question

The part of a life insurance policy guaranteed to be true is called a(n)

answer

Warranty

question

A Business Overhead Expense policy would cover which of the following if a business owner becomes disabled?

answer

Utilities and office rent

question

Under which of the following circumstances do the benefits under COBRA continuation coverage expire?

answer

All group health plans are eliminated by the employer

question

Which statement is TRUE regarding a group accident & health policy issued to an employer?

answer

The employer is the policyowner and each employee receives a certificate of coverage

question

Many small business owners worry how their business would survive financially if the owner becomes disabled. The policy which BEST addresses this concern is

answer

Business Overhead Expense

question

What kind of special need would a policyowner require with an Adjustable Life insurance policy?

answer

flexible premiums

question

Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy?

answer

increase face amount

question

When a policyowner exchanges a term policy for a whole life policy without providing proof of good health, which of these apply?

answer

Conversion provision

question

How long does the coverage normally remain on a limited-pay life policy?

answer

age 100

question

Which of these statements describe a Modified Endowment Contract (MEC)?

answer

Exceeds the maximum amount of premium that can be paid into a policy and still have it recognized as a life insurance contract

question

A variable insurance policy

answer

does not guarantee a return on its investment accounts

question

Term insurance has which of the following characteristics?

answer

Expires at the end of the policy period

question

Which of the following features of a group Term Life policy enables an individual to leave the group and continue his or her insurance without providing evidence of insurability?

answer

Conversion privilege

question

When an employee is required to pay a portion of the premium for an employer/employee group health plan, the employee is covered under which of the following plans?

answer

Contributory

question

The federal income tax treatment of employer-provided group health insurance can be accurately described as

answer

Employee's coverage paid for by the employer is tax-deductible to the employer as a business expenditure

question

The reason for a business having a Business Overhead Expense Disability Plan is to cover

answer

fixed business expenses

question

What type of policy would offer a 40-year old the quickest accumulation of cash value?

answer

20-pay life

question

A life insurance policy that provides a policyowner with cash value along with a level face amount is called

answer

Whole life

question

Which of these characteristics is consistent with a Straight Life policy?

answer

Premiums are payable for as long as there is insurance coverage in force

question

Which of these require an offer, acceptance, and consideration?

answer

Contract

question

Which of these arrangements allows one to bypass insurable interest laws?

answer

Investor-Originated Life Insurance

question

What is the consideration given by an insurer in the Consideration clause of a life policy?

answer

Promise to pay a death benefit

question

When must insurable interest be present in order for a life insurance policy to be valid?

answer

At the time of application

question

Insurance policies offered on a "take it or leave it" basis are considered what?

answer

Contracts of Adhesion

question

Which statement about a whole life policy is correct?

answer

Cash value may be borrowed against

question

Which statement is correct regarding the premium payment schedule for whole life policies?

answer

Premiums are payable throughout the insured's lifetime/ coverage lasts until death of the insured

question

T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase?

answer

Ten-Year Endowment

question

What type of life policy has a death benefit that adjusts periodically and is written for a specific period of time?

answer

Decreasing term

question

What kind of insurance policy supplies an income stream over a set period of time that starts when the insured dies?

answer

Family Maintenance Policy

question

What kind of premium does a Whole Life policy have?

answer

Level

question

An insurance company licensed in Florida and domiciled in Pennsylvania is known as

answer

a foreign company

question

A creditor who requires a debtor to obtain insurance from a particular company or agent as a condition for a loan is guilty of

answer

Coercion

question

According to Florida law, how often must a variable annuity policyholder be informed of the accumulated value of the contract during the premium payment period?

answer

At least once each year

question

In Florida, a foreign insurance company is a company that

answer

is formed under the laws of a state other than Florida

question

Agents marketing variable life insurance must be licensed and appointed as a life and variable contract agent, and a

answer

broker dealer

question

In the Outline of Coverage for a health policy, which of the following is NOT required?

answer

Table indicating the policy's projected future costs

question

A newly licensed agent MUST satisfy a continuing education requirement of how many hours every two years?

answer

24

question

Which type of insurance company is domiciled and incorporated under the laws of the state in which its home office is located?

answer

Domestic

question

An agent who makes a statement that is maliciously critical of another person's financial condition is guilty of

answer

Defamation

question

Which of the following is a nonprofit provider of life insurance that is covered by a special section of the Florida insurance code?

answer

Fraternal life insurance organizations

question

What is the primary difference between a mutual insurance company and a stock insurance company?

answer

A stock company is owned by shareholders and a mutual is owned by its policyholders

question

Under Florida law, adjustable rates for life insurance policy loans are based on

answer

Moody's corporate bond index

question

Florida law requires an agent who is recommending to a person the purchase of an annuity to obtain information regarding all of the following EXCEPT the person's

answer

marital status

question

What statement about conversion privileges in Group Life policies sold is CORRECT?

answer

Conversion at regular rates on an attained-age basis without a medical exam is a standard provision

question

Which statement is CORRECT about an admitted mail order insurance company in Florida?

answer

It may solicit and accept business by mail without the aid of a licensed agent

question

Under a Medicare Supplement policy, the waiting period for pre-existing conditions may not EXCEED

answer

6 months

question

What is the maximum contestability period for most life insurance policies?

answer

2 years

question

An agent's license will terminate if the agent allows what period of time to elapse without being appointed for the class or classes of insurance listed on the license?

answer

48 months

question

Florida's Replacement Rule applies to all of the following situations EXCEPT

answer

the existing policy is kept in force and an additional policy is purchased from the same company

question

Agents can help prospective insureds understand and purchase the most appropriate product by delivering

answer

a buyer's guide

question

According to the insurance code, an agent's controlled business may NOT exceed a maximum of

answer

50%

question

Under certain circumstances, in addition to treatment by medical doctors, health insurance policies in Florida must also cover payment to all of the following practitioners EXCEPT

answer

Naturopaths

question

The Life and Health Insurance Guaranty Association is

answer

an association that protects policyowners against the insolvency of an insurance company

question

Florida insurance law requires that if a Medicare Supplement policy is sold, the agent must deliver an Outline of Coverage to the applicant no later than

answer

when the application is taken

question

All of the following are possible consequences for placing with an unauthorized insurer EXCEPT

answer

conviction of a first degree misdemeanor

question

What is normally given to an applicant who pays the initial premium at the time of application?

answer

Conditional receipt

question

Florida law provides for a grace period of NOT less than how many days for a monthly-premium health insurance policy?

answer

10

question

Which of the following qualifications is NOT a prerequisite for becoming a licensed agent?

answer

Having a high school diploma

question

When an employee covered on a Group Life policy leaves the group, the conversion privilege gives the employee the right to

answer

convert to an individual policy upon termination of employment

question

All of the following are unfair claim settlement practices EXCEPT

answer

requiring written documentation of claim details

question

Which of the following statements about unfair trade practices is true?

answer

Twisting is a misrepresentation made by an agent in order to induce a policyholder to lapse a policy and switch insurance companies

question

Z gave Z's age as 40 when Z purchased a Life policy. At the time of Z's death six years later, the company discovered Z's true age at issue had been 49. What would the normal procedure be under the misstatement of age provision in regard to the payment of the death claim?

answer

The proceeds will be reduced based on whatever the premium would have been purchased at age 49

question

According to Florida statutes, all of the following provisions must be contained in a Medicare Supplement policy EXCEPT

answer

A 12-month limitation on pre-existing conditions

question

Under Florida insurance law, deceptive advertising is considered a form of

answer

Misrepresentation

question

When a stock life insurance company issues both participating and nonparticipating policies, the company is doing business on a(n)

answer

mixed plan

question

Which type of life policy contains a monthly mortality charge as well as self-directed investment choices?

answer

Variable Universal Life

question

C is a key employee at ABC Incorporated. If a Key Employee life policy is purchased on her life, which of these statements would be true?

answer

ABC is the policyowner, C is the insured, and ABC is the beneficiary

question

Under federal tax laws, what is the tax treatment for an employer providing $50,000 of a contributory group Term Life plan to all its eligible employees?

answer

Portion of the premiums paid for by the employer may be a tax deduction

question

Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options?

answer

Variable Life

question

Additional coverage can be added to a Whole Life policy by adding a(n)

answer

decreasing term rider

question

B has a $100,000 Accidental Death and Dismemberment policy that pays triple indemnity for common carrier death. If B is killed from an accident on a commercial flight, what will the policy pay B's beneficiary?

answer

$300,000

question

In a Disability Income policy, which of these clauses acts as a deductible?

answer

Elimination Period

Florida Life and Health Practice Test – Flashcards

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards