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The difference between a Long-Term Care Partnership Plan and a Non-Partnership Plan is whichÂ
of the following?
Asset Protection
All of the following are considered appropriate uses of life insurance for business purposesÂ
EXCEPT
Protecting the business by covering entry level employees with life insurance
Susan is insured through her Group Health Insurance plan and changed her coverage to anÂ
individual plan with the same insurer after her employment was terminated. This change is calledÂ
a(n)
conversion
Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-ofnetwork provider. Which of the following is the likely result?
Care is covered
Which of these statements concerning Traditional IRAs is CORRECT?
Earnings are taxable when withdrawn
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), a terminated employee'sÂ
benefits must
be the same and the premium cannot exceed 102%
A life insurance policy normally contains a provision that restricts coverage in the event of deathÂ
under all of the following situations EXCEPT
fare-paying passenger
According to the Health Insurance Portability and Accountability Act (HIPAA), when can aÂ
group health policy renewal be denied?
Participation or contribution rules have been violated
Who regulates the quality of care provided by a health maintenance organization (HMO)?
Secretary of the Department of Health and Mental Hygiene
Under a disability income policy, which provision would be payable if the cause of an injury isÂ
unexpected and accidental?
Accidental bodily injury provision
Shirley has a $500,000 10-year non-renewable level term life policy. If she dies 15 years afterÂ
the policy's inception date, how much will her beneficiary receive?
Nothing
Tom has a rider on his disability income policy that guarantees the right to increase his benefitsÂ
without a medical exam. What kind of rider is this?
Guaranteed insurability rider
The deeds and actions of a producer indicate what kind of authority?
Apparent
Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. HerÂ
health policy most likely contains a(n)
deductible
An individual most likely will have an insurable interest in insuring a person's life if
an economic interest exists for the continuance of the insured's life
According to life insurance contract law, insurable interest exists
at the time of application
In an employer-sponsored contributory group Disability Income plan, the employer pays 60% ofÂ
the premium and each employee pays 40% of the premium. Any income benefits paid are taxedÂ
to the employee at
60% of the benefit
Which of the following is considered to be an alternative to a life settlement?
Accelerated death benefit rider
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