NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM ALREADY GRADED A+

NYS LIFE, ACCIDENT, AND HEALTH INSURANCE EXAM ALREADY GRADED A+
Question : Which type of life insurance policy is best
suited for paying off the outstanding balance of a 30-year
mortgage in the event of the insured's death?
Correct answer: 30-year decreasing term.
Question : How many days notice does the ACA require
insurers to give before rescinding coverage?
Correct answer: 30
Question : A signed good health statement may be
requested by a life producer at the time of
Correct answer: Policy Delivery
Question : Carol purchases a whole life policy that
provides a choice of dividend options. This policy is
required to include a statement that the dividends are
Correct answer: Not Guaranteeed

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