California Life and Health Study guides, Class notes & Summaries

California Life and Health final Exam Questions and Answers (Latest Update 2023) Verified Answers

CALIFORNIA LIFE AND HEALTH EXAM 2024 WITH 100% CORRECT ANSWERS Employer-provided group term life insurance is exempt from income taxation up to - correct answer $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - correct answer 3 months Which statement is true regarding policy dividends? - correct answer A dividend option is selected by the insured at the time of policy purchase What d...

California Life and Health Insurance Frequently Tested Questions With Actual Correct Answers Graded A+California Life and Health Insurance Frequently Tested Questions With Actual Correct Answers Graded A+California Life and Health Insurance Frequently Tested Questions With Actual Correct Answers Graded A+California Life and Health Insurance Frequently Tested Questions With Actual Correct Answers Graded A+California Life and Health Insurance Frequently Tested Questions With Actu...

Employer-provided group term life insurance is exempt from income taxation up to - ANSWER - $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - ANSWER - 3 months Which statement is true regarding policy dividends? - ANSWER - A dividend option is selected by the insured at the time of policy purchase What does the insurance term "indemnity" refer to? - ANSWER - Make whole What...

Final Exam - California Life and Health All Answers Correct How does a conditional receipt differ from a binding receipt? - Conditional receipts always provide insurance which starts from the date of receipt - Conditional receipts always provide insurance which starts from the date of receipt - Binding receipts always provide insurance which starts from the date of receipt -Conditional receipts always require an initial premium payment ️Binding receipts always provide insurance which start...

Final Exam - California Life and Health Already Graded A Employer-provided group term life insurance is exempt from income taxation up to $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? 3 months Which statement is true regarding policy dividends? A dividend option is selected by the insured at the time of policy purchase What does the insurance term "indemnity" refer to? Make whole...

Employer-provided group term life insurance is exempt from income taxation up to - correct answer $50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - correct answer 3 months Which statement is true regarding policy dividends? - correct answer A dividend option is selected by the insured at the time of policy purchase What does the insurance term "indemnity" refer to? - correct answer Ma...

Employer-provided group term life insurance is exempt from income taxation up to - Answer-$50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - Answer-3 months Which statement is true regarding policy dividends? - Answer-A dividend option is selected by the insured at the time of policy purchase What does the insurance term "indemnity" refer to? - Answer-Make whole What is a common reason pe...

Whole Life Policies -ANSWER also called permanent insurance, builds cash value, policy endows at age 100 401(k) -ANSWER a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. 403(b) -ANSWER a Cash or Deferred Arrangement (CODA) plan that is a modified profit-sharing or pension plan. Limit of Liability -ANSWER The total amount the insurer will pay for an insured risk. -Flexible premiums, -Guaranteed minimum death benefit -Guaranteed minimum ra...