NJ DMV > ANSWERS AND COMMENTARIES > NJ Life and Health XCEL questions (Post course exam) (All)

NJ Life and Health XCEL questions (Post course exam)

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NJ Life and Health XCEL questions (Post course exam) Justin is receiving disability income benefits from a group policy paid for by his employer. How are these benefits treated? - correct answer-Ta... xable Income Which of these is not a non forfeiture option - correct answer-Reduction of Premium What life insurance is subject to interest rates - correct answer-Universal Life What decision cant an HSA owner make - correct answer-The amount contributed by the employer How long is a contestable period of health insurance policies sold in NJ - correct answer-2 years What must be included on a Billboard poster selling annuities - correct answer-Name of Agent How long must replacement forms must be kept - correct answer-5 years Type of option where the policy owner defers his current receipt of income tax and has it paid at a later date, when they are in a lower tax bracket - correct answer-deferred compensation option What is not a core benefit of medicare supplement plan A - correct answer-Deductible payments for the first 60 days of hospitalization under medical hospitalization insurance How many days are needed for notice to extend coverage - correct answer-30 If Mark continues to work after 65 and is covered through employers group plan what does that mean for medicare - correct answer-medicare is a secondary payer where are policy benefits fou [Show More]

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