Risk Management and Insurance > QUESTIONS & ANSWERS > FINAL EXAM - NEW JERSEY LIFE AND HEALTH QUESTIONS AND 100% CORRECT ANSWERS (All)

FINAL EXAM - NEW JERSEY LIFE AND HEALTH QUESTIONS AND 100% CORRECT ANSWERS

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Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? Correct Answer Home health care Which of the following is NO... T a federal requirement of a qualified plan? Correct Answer Employee must be able to make unlimited contributions Why are dividends from a mutual insurer not subject to taxation? Correct Answer Because dividends are considered to be a return of premium The treasurer of XYZ Insurance Company discovers that the treasurer's company is being investigated by the Banking and Insurance Commissioner... Correct Answer Making false financial statements Which type of rider will waive the premium on a child's life insurance policy if the parent paying the premium dies? Correct Answer Payor benefit Which of these premium payment frequencies is not typically available to a policy owner? Correct Answer Bi-weekly Maria the agent would like to advertise an annuity product on a highway billboard. Which of the following must be included in the advertisement? Correct Answer Her name Which disability policy provision would address any concerns of the value of the benefits decreasing over time? Correct Answer Cost of living benefit Which of these is NOT a characteristic of the Accelerated Death Benefit option? Correct Answer The benefit can be offered as a rider at a specific extra cost or may be at no cost All of the following are included as part of a contract in the entire contract provision EXCEPT the Correct Answer Changes made by the producer The power given to an individual producer that is not specifically addressed in his/her contract is considered what type of authority? Correct Answer Implied Pat is insured with a life insurance policy and Karen is his primary beneficiary. They are both involved in an automobile accident where Pat dies instantly and Karen dies 5 days later... Correct Answer Common disaster clause Key Person Disability Insurance pays benefits to the Correct Answer Employer [Show More]

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