which of these will have the highest monthly payout upon annuitzation

which of the following is reinstatement condition?

After an annuity has been in force for ____ years it becomes incontestable

which of the following nursing home options would BEST suit an individual who needs some nursing care and supervision but NOT full time care?

Which settlement option involves having the proceeds remain with the insurer and earning paid on a monthly basis to the beneficiary?

Benefits provided by a Medicare Supplement policy must Not ?

All of these are characteristics of a universal life insurance policy EXCEPT

premiums paid that exceed 7 1/2 of an insured’s Adjusted Gross Income (AGI) are tax-deductible when paid for which of the following plan?

A foreign insurance company doing business in Louisiana

A nonresident producer from a state outside of Louisiana may become licensed in Louisiana IF a

Chris is an insured bricklayer who severed his left hand in an automobile accident. although his primary duty cannot be performed,Chris is also substitute teacher. he collects full disability income check every month. How does his policy define total disability?

Fixed annuities provided each of the following EXCEPT

A common exclusion with vision plan is

_____ life is designed to pay the balance of loan if the insured dies before repayment of the loan.

Major medical insurance with typically cover medical expenses that result from

which of these is considered to be a Living Benefit option in a life insurance policy

Which of these is NOT considered to be a risk factor in life insurance underwriting?

if the annuitant dies before the Annuity start date

An interest sensitive life insurance policy owner may be able to withdraw the policy cash value interest free. the provision that allows this is called ?

A policyowner may exercise which of these dividend options that uses the dividend to pay of the next premium due?

which of the following statements regarding Group disability income insurance is TRUE

Charles is a producer who is licensed in Louisiana but resides Mississippi. Charles is considered to be a

what will the beneficiary receive if an annuitant dies during the accumulation period?

An insurance producer who convinced a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of

The entire contract includes the actual policy and the

a company that is authorized by the commissioner to transact insurance business in Louisiana is called

Under HIPAA the employer’s new group health plan will verify credible coverage so that the

which of the following permits an insurance company to transact business in Louisiana

A dependent child may remain on a parent health insurance plan beyond 26 if the child

what is the primary factor that determines the benefits paid under a disability income policy ?

All of these are common exclusions to a life insurance policy EXCEPT

Which of the following does Medicare Part D cover

All of these are standard exclusions found in a life insurance policy EXCEPT

Shirley has 500,000 10 year non renewal able level term life policy . if she dies 15 years after the policy inception date how much will her beneficiary receive?

Advertising regulations exist in order to

In order for a business entity to be licensed as a producer

Bill requires some nursing care and supervision but NOT full time care. which of these nursing home option would best serve him?

An individual who removes the risk of losing money in the stock market by never purchasing stocks is said to be engaging in

The renewability provision for an individual long term care insurance policy must be located on the policy form’s

The waiting period for a disability insurance policy

In Louisiana a small employer may not consist of more tan how many eligible employees

A disability policyowner is injured and become totally disabled.The benefits pay for 2 years starting from the date of the injury. what is this time period called ?

As classified by the affordable car act A silver plan offers

An individual who has a contract with an insurance company to represent it is called a

An insurer will accept a premium from the insured and continue the coverage in full force as though it was NOT late during which time period

All of the following riders can increase the death benefit amount EXCEPT

if an employee contributes 50% towards the disability plan premium provided by an employer what would be considered the taxable income of 1000 monthly disability benefit?

A whole life insurance policy accumulates cash value that becomes

Which dividend option would an insurer invest the polcyowner’s money and add any interest earnings aesthetic dividend accrue?

Peter has a policy where 80% to 90% of the premium is invested in traditional fixed income securities and the remainder of the premium is invested in contracts tied to a stipulated stock index.what kind of policy is this?

Which of the following unfair trade practices involve a producer who make malicious public statements regarding an insurer’s financial condition ?

A life insurance applicant in Louisiana may backdate the application for up to___ month

A partial surrender is allowed in which of the following life policies

A clause that allows an insurer the right to terminate coverage at any anniversary date is called?

Bill the producer is collecting the initial premium on a health policy. which of the following statements is true?

A beneficiary change can occur

the statement which best describes the relationship between the premium of a whole life policy and the premium payment period is

Which type of business insurance is meant to cover the cost of continuing to do business while the owner is disable

A cease and desist order

The free look period in Louisiana for individual health insurance policies is ___ days

Shawn Mike & Daveare brothers who have 100,000 first to die joint life policy covering all three of their lives. if Mike dies first the policy proceeds

The reinstatement provision in a health insurance policy is

A provision that allows a policy owner to temporarily give up ownership rights to secure a loan is called a(n)

A provision in a whole life policy that allows a policy owner terminate the policy in return for a reduced paid up of the same type is called a(n)

when does an immediate annuity begin making payments?

A form of medical health insurance covering the treatment and care of gum disease is called

Which entity regulates claim settlement practices?

A typical long term care insurance policy is designed to provide a minimum of ___ year(s) of coverage

Matt is applying for life insurance and request a double indemnity rider. A double indemnity benefit will be payable to Matt’s beneficiary if Matt

within how many days must a producer submit change in address

A business entity wishing to act as an insurance producer MUST

A limited period of time given to all members to sign up for a group health plan is called the

What types of life insurance are normally used for key employee indemnification?

how often must the commissioner examine each domestic insurance company

All Medicare supplement policies MUST contain which provision ?

Replacement can be defined as

Simon has purchased a fixed immediate annuity . His payment amount will be dependent upon principal interest and the contract’s

Key Person Disability insurance pays benefits to the

which disability policy provision would address any concerns of the value of the benefits decreasing over time?

which of the following actions may an insurance company NOT do in a health policy that contains a guaranteed renewable premium benefit ?

which market index is normally associated with an indexed annuity rate of return?

A health insurance policy where the insurer has the right to terminate the policy for any reason other than th insured’s health called

A newborn is required to be covered for ____ days from the moment of birth

After ____ years from date of issue a policy can no longer be canceled by the insurer for misstatment (except for fraud)

Which of these is NOT an unfair claims settlement practice?

A payment system for heath care in which the provider is paid for each service given Is called

A life insurance rider that allows an individual to purchase insurance as they grow older regardless of insurability is called

What is the automatic continuance of insurance coverage referred to as

The Fair Credit Reporting Act protects consumers

life insurance policies will normally pay for losses arising from

All of the following are included as part of a contract in the entire contract provision EXCEPT the

Lorenzo is self-employed with an S corporation.He is unmarried and had a net profit for the tax year. what are the tax ramifications of his health insurance premium paid for the year?

Medical Expenses insurance would cover

Continue coverage under COBRA would be provided to all of the following Except:

This MANDATORY health policy provision states that the policy including endorsement and attached paper constitutes

If an insured dies during the grace period with no premium paid

What is the purpose of the Louisiana Life and Health Insurance Guaranty Association?

The Free-look provision gives the policy owner

Donald is the primary insured of a life insurance policy and adds a children’s term rider. what is the advantage of adding this rider?

A beneficiary has just received a claim payment for a life insurance policy. which of the following is TRUE regarding the federal income tax liability owed?