Question 1

Which policy allows the insured to choose where the assets backing the cash value are invested?

Options :

A : Term life.

B : Variable life.

C : Universal life.

D : Endowment life.

Answer: B

Question 2

Every individual annuity policy that is sold to a senior in the State of California MUST include which of the following free look information?

Options :

A : The insured forfeits any premiums paid if cancelled.

B : The policy has a 30-day return for cancellation feature.

C : The insurer has the right to cancel if less than 30 days.

D :

Answer: B

Question 3

The theory of probability is applied to life insurance through the use of

Options :

A : morbidity tables.

B : mortality tables.

C : the needs approach.

D : the human life value approach.

Answer: B

Question 4

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 5

What is the first step in submitting Medicare claims?

Options :

A : The patient submits expenses to Medicare.

B : The medical provider submits expenses to Medicare.

C : The medical provider submits expenses to the patient.

D : Medicare submits expenses to the Medicare supplement provider.

Answer: A