TEXAS ESTHETICIAN > EXAM > Final Exam Life & Health Insurance Texas (Latest 2023 - 2024) Complete Answers 100% Correct (All)
Final Exam Life & Health Insurance Texas (Latest 2023 - 2024) Complete Answers 100% Correct
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1. A Variable insurance policy: -guarantees a minimum rate of return -does not allow the policyowner to assume the investment risk -does not guarantee a return on its investment accounts -does not... guarantee an assignment provision Answer: -does not guarantee a return onits investment accounts 2. The individual most likely to buy a Medicare Supplement policy would bea(n) -unemployed 64-year old female -62-year old male covered by Medicaid -68-year old male covered by Medicare -uninsured 60-year old male Answer: -68-year old male covered by Medicare Availableto those on Medicare 3. T owns an Accident & Health policy and notifies her insurance companythat she has chosen a less hazardous occupation. Under the Change of Occupation provision, which of the following actions may her insurance company take? -Allow her to take a tax deduction on unearned premiums -Increase her policy's coverage amount -Decrease her policy's coverage amount -Nothing Answer: -Increase her policy's coverage amount Change of occupation provisionin an A&H Policy, if insured notifies the insurance company a less hazardous occupation, the insurance company may increase the policy's coverage [Show More]
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