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practice test 4 (HSA (qualifications: enrolled in a high deductible health…
practice test 4
HSA
qualifications: enrolled in a high deductible health plan, under the age of 65 (not on medicare), enrolled in a health plan that limits out of pocket expenses
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immediate estate
life insurance creates an immediate estate because after the first premium is paid, the face amount may be available to the beneficiary
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15 days
a producer must be appointed by the insurer within this many days from the date the agency contract application is submitted
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good health statement
producer must have an applicant sign it if no initial premium was collected with the life insurance application
coinsurance
an indemnity plan limitation that will pay the dental bills after a small amount is paid first by the insured
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90 days
license may be activated by completing the ce requirement within this many days of renewal date if the producer's license was suspended due to failure of completing the required continuing education credits
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100 days
medicare part a does not pay for medical benefits provided for treatment in a skilled nursing facility beyond 100 days
medicare part a does not pay for medical benefits provided for treatment in a skilled nursing facility beyond 100 days
loans obtained by a policyowner against the cash value of a life insurance policy would not be treated as taxable income
modified whole life policy has moderate premium amount in first few years then higher than typical for the remainder
universal life has a guaranteed interest rate with the possibility to earn an interest rate that is higher than the guaranteed rate