Virginia-Life-Annuities-and-Health-Insurance 무료 덤프문제 온라인 액세스

Which statement is true of trade association groups eligible for group medical benefits?

• A.Employer contributions are usually waived
• B.The association membership primarily consists of large employers
• C.Such associations are formed for the purpose of purchasing insurance
• D.Members of the association are usually in the same industry

In health insurance, the insurance policy, the endorsements, and any relevant papers attached to the policy make up the:

• A.Uniform mandatory policy provisions
• B.Entire contract
• C.Notice of coverage
• D.Completed application

When may a person insured under a group term insurance policy exercise the conversion option?

• A.Never, because group life insurance does not have a conversion privilege
• B.Within 31 days after the person has terminated employment
• C.Anytime while insurable and still a member of the insured group
• D.Anytime after the group contract has existed for five years

(An individual purchased an annuity contract with $100,000 received in settlement of a lawsuit. No further purchase payments are permitted and benefit payments are to start in 17 years. The contract is:)

• A.A retirement annuity
• B.A single premium deferred annuity
• C.An individual life annuity
• D.An individual retirement annuity (IRA)

(A single premium whole life insurance policy may be defined as a policy that provides:)

• A.Protection for only a limited number of years
• B.A decreasing amount of insurance over its duration
• C.A life annuity benefit in addition to insurance
• D.Protection for life as a paid-up policy