Free Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Dumps Questions & Answers

Under the unpaid premium Uniform Optional Provision, if there is an unpaid premium at the time a health claim becomes payable, then the

• A.  policy is cancelled.
• B.  claim is denied.
• C.  claim is delayed until payment of the premium.
• D.  premium is deducted from the claim.

Which life insurance rider is designed to permit young individuals to be able to purchase additional insurance as they grow older, regardless of insurability?

• A.  Cost of living rider.
• B.  Multiple indemnity rider.
• C.  Impairment rider.
• D.  Guaranteed insurability rider.

In broad terms, the types of support and services generally associated with Long-Term Care policies are provided at which three levels of care?

• A.  Skilled nursing, intermediate, and custodial care.
• B.  Home-based, assisted living, and medical care.
• C.  Functional, rehabilitational, and medical care.
• D.  Professional, social, and economic care.

Ann has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, Ann MUST

• A.  pay an annual premium that may be higher.
• B.  convert to a whole life policy.
• C.  renew for at least 10 years.
• D.  provide evidence of insurability.

According to the IRS, which premiums may be tax deductible as a medical expense if the taxpayer's medical expenses exceed 10% of their adjusted gross income?

• A.  Long-Term Care Insurance premiums
• B.  Accidental Death and Dismemberment Insurance premiums
• C.  Group Disability Insurance premiums
• D.  Personal Disability Income Insurance premiums