Free Insurance Licensing PA-Life-Accident-and-Health Exam Dumps Questions & Answers

A Key Person Disability Income Policy pays benefits to the

• A.  dependent.
• B.  employee.
• C.  spouse.
• D.  employer.

Which is an accurate statement regarding the taxation of personal life insurance?

• A.  The interest on a policy loan is tax deductible to the insured.
• B.  Lump sum death benefits are income tax free.
• C.  Dividends and interest earned are taxable as ordinary income.
• D.  The payment of accelerated death benefits are reported as taxable Income.

What provision allows the insured a period of time in which to review a newly-issued insurance policy and. if dissatisfied for any reason, return it for a full refund of the premium?

• A.  probationary period
• B.  right to examine
• C.  grace period
• D.  elimination period

Written proof of loss must be furnished to the health insurer within how many days after the date of loss?

• A.  30 days.
• B.  15 days.
• C.  90 days.
• D.  45 days.

The levels of coverage defined in the Affordable Care Act are

• A.  HMO, EPO, POS, and PPO.
• B.  Child Only, Limited Benefit Plan, Catastrophic, and Major Medical
• C.  Bronze, Silver. Gold, and Platinum.
• D.  Individual, Parent-Child, Spousal, and Family.