Question 1

A life insurance application is important for all of the following reasons EXCEPT

Options :

A : statements made in the application are required to be true to the best of the applicant’s knowledge.

B : the beneficiary must sign the application before the insurer will issue the policy.

C : the application becomes a part of the policy, if a copy is attached.

D : the application contains essential information about the applicant.

Answer: B

Question 2

According to the California Insurance Code, an illustration used to sell life insurance must include all of the following information EXCEPT

Options :

A : the probability that illustrated nonguaranteed scenarios will occur.

B : a label that identifies it as an illustration.

C : insurer-s policy name and form number.

D : name and address of the producer.

Answer: A

Question 3

Medicare Part B pays for

Options :

A : hospice care.

B : prescription drugs.

C : physicians' services.

D : the first 60 days of hospitalization.

Answer: C

Question 4

The guaranteed insurability option provides the ability to

Options :

A : waive premium payments in the event of disability.

B : purchase additional insurance regardless of insurability.

C : access a portion of the death benefit in the event of serious illness.

D : double the amount of the death benefit in the event of accidental death.

Answer: B

Question 5

All of the following are standard exclusions in individual disability income policies EXCEPT

Options :

A : self-inflicted injuries.

B : preexisting conditions.

C : active military duty.

D : accidental injuries.

Answer: D