{"id":119053,"date":"2023-09-08T18:44:28","date_gmt":"2023-09-08T18:44:28","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=119053"},"modified":"2023-09-08T18:44:30","modified_gmt":"2023-09-08T18:44:30","slug":"alabama-life-and-health-insurance-final-exam-4-sets-of-final-exams-qs-as-2023-2024-verified-answers","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/08\/alabama-life-and-health-insurance-final-exam-4-sets-of-final-exams-qs-as-2023-2024-verified-answers\/","title":{"rendered":"Alabama Life and Health Insurance Final Exam (4 Sets of Final Exam\u2019s) Qs &amp; As (2023 \/ 2024) (Verified Answers)"},"content":{"rendered":"\n<p>1 \/ 9<br>Alabama Life and Health Insurance Final Exam<br>(4 Sets of Final Exam\u2019s)<br>Final Exam Set 1<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>replacement regulation does not apply to ANS credit life insurance<\/li>\n\n\n\n<li>a policy owner can collect the face amount on what type of policy? ANS<br>endow-ment policy<\/li>\n\n\n\n<li>which of the following does NOT describe a life income settlement option?-ANS income is paid until the principal amount decreases to zero<\/li>\n\n\n\n<li>periodic benefit payments must be made no less frequently than ANS<br>monthly<\/li>\n\n\n\n<li>the automatic premium loan provision is NOT used in which of the followingpolicies? ANS increasing term policy<\/li>\n<\/ol>\n\n\n\n<p>2 \/ 9<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"6\">\n<li>the waiver of premium provision normally excludes which of the following<br>disabling acts? ANS all of these ANS inquires sustained while committing a<br>felony, inquiressustained while serving in the military, self-inflicted injuries<\/li>\n\n\n\n<li>in regards to a life insurance policy or an annuity contract, all statements<br>made on the application are considered to be ANS representations<\/li>\n\n\n\n<li>an accidental death rider claim is usually paid if the insured ANS dies<br>within 90days of the accident<\/li>\n\n\n\n<li>an insurance premium can be defined as ANS money paid to an insurance<br>com-pany for benefits provided in the policy<\/li>\n\n\n\n<li>what is a disability income policy designed to do? ANS pay benefits to<br>maintainthe insured&#8217;s current standard of living<\/li>\n\n\n\n<li>an insurance producer must have which of the following in order to sell<br>variable life insurance policies? ANS all of these ANS registered with FINRA,<br>license forvariable life and annuities contracts, a valid insurance license<\/li>\n\n\n\n<li>what is a certificate of insurance? ANS a certificate is issued to each<br>individualcovered by the group life insurance<\/li>\n<\/ol>\n\n\n\n<p>3 \/ 9<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"13\">\n<li>which of the following statements about a noncancellable policy is<br>FALSE? ANS the premium rate CAN be increased over time<\/li>\n\n\n\n<li>what does the insurance company represent? ANS the insurance company15. an insurer pays a large claim for medical expenses after the insured has<br>only made one premium payment. this is an example of a(n) ANS aleatory<br>contract<\/li>\n\n\n\n<li>an insured owns a policy which includes a disability income rider. the<br>disability benefit amount paid to the insured is based on the ANS face<br>amount ofthe policy<\/li>\n\n\n\n<li>how are employer-paid premiums for employee group health insurance<br>normally treated for tax purposes? ANS tax deductible to the<br>employer\/nontaxable tothe employee<\/li>\n\n\n\n<li>which of the following events would allow a policyowner with a guaranteedinsurability rider purchase additional life insurance? ANS all of these ANShaving a child,getting married, reaching a specified age stated in the policy<\/li>\n<\/ol>\n\n\n\n<p>4 \/ 9<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"19\">\n<li>what is not true regarding medicare supplement policies? ANS must<br>include aminimum 20 -day-free-look provision<\/li>\n\n\n\n<li>when can a lapsed life insurance policy usually be reinstated? ANS<br>within 3-5years of the policy lapsing<\/li>\n\n\n\n<li>a husband and wife are receiving annuity payments. when the husband<br>dies, the wife still receives annuity payments for life. what kind of annuity is<br>this? ANS joint and survivor life annuity<\/li>\n\n\n\n<li>which of the following terms may be used when describing thepremiumsfor a life insurance policy advertised in Alabama? ANS none of theseANS savings, profit,deposit<\/li>\n\n\n\n<li>if insurance premiums are paid more frequently than annually, the policyowner can expect to ANS have a higher total outlay of dollars for the coverage forthatyear<\/li>\n\n\n\n<li>what is not considered a form of advertisement in Alabama? ANS a<br>producersending a Christmas card to a client<\/li>\n\n\n\n<li>what is vesting? ANS the employee&#8217;s right to the empolyer&#8217;s<br>contributions in aretirement plan if employment terminates prior to retirement<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>1 \/ 9Alabama Life and Health Insurance Final Exam(4 Sets of Final Exam\u2019s)Final Exam Set 1 2 \/ 9 3 \/ 9 4 \/ 9<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-119053","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/119053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=119053"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/119053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=119053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=119053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=119053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}