LIFE AND HEALTH INSURANCE REVISION EXAM QUESTIONS AND ANSWERS COMPLETE AND RATED A

LIFE AND HEALTH INSURANCE REVISION EXAM QUESTIONS AND ANSWERS COMPLETE AND RATED A.
A life insurance guaranteed rider gives the insured the right, without
proving insurability, to
✔✔Periodically purchase additional insurance
Which statement regarding a fixed period settlement option is correct
✔✔The installment payment amount is determined by the total number of
installments
Who is eligible for health coverage under a group policy issued to a labor
union
✔✔Every member of that union
In order to contribute to a health savings account (HSA),
✔✔the applicant must be enrolled in a High Deductible Health Plan
(HDHP)
The insureds consideration given for a health insurance policy is
✔✔the first premium payment and the application
Which of the following is not a valid contract exchange?
✔✔An annuity exchanged for a life insurance policy