Free CA Life, Accident and Health or Sickness Examination Practice Questions

A.  

Nonforfeiture.

B.  

Reinstatement.

C.  

Suicide clause.

D.  

Entire contract.

A.  

Level term.

B.  

Joint life.

C.  

Family protection.

D.  

Mortgage redemption.

A.  

child coverage is term insurance.

B.  

children are covered until reaching a specified age.

C.  

child coverage is convertible to whole life coverage.

D.  

coverage applies only to children born before the policy is issued.

A.  

Life insurance and disability insurance.

B.  

Life insurance and deferred compensation.

C.  

Disability insurance and deferred compensation.

D.  

Disability insurance and Long-Term Care insurance.

A.  

medical expense.

B.  

critical illness.

C.  

specified disease.

D.  

hospital indemnity.

A.  

family leave

B.  

cost of living

C.  

waiver of premium

D.  

guaranteed insurability

A.  

PPACA creates new entities called American Health Benefits Exchanges through which individuals, small businesses, and those who do not have access to affordable employer coverage, can purchase coverage.

B.  

A health benefits exchange is created by health insurers to allow individuals to access benefits in other insurers' plans.

C.  

A health benefits exchange is created by employers to relieve them of having to provide health benefits to employees.

D.  

PPACA creates new entities called American Health Benefits Exchanges through which low-income individuals can access public health care programs.

A.  

Term life.

B.  

Whole life.

C.  

Universal life.

D.  

There is currently no insurance product available in the standard market which has both of these features.

A.  

the probability that an event will occur.

B.  

a happening that causes the company to pay.

C.  

the amount suffered by a person regardless of insurance.

D.  

the amount an insurer is required to pay because of an event that it insured.

A.  

the same regardless of the frequency of payment.

B.  

less when paid quarterly than if paid semiannually.

C.  

greater if the premium is paid semiannually rather than annually.

D.  

based on the assumption that the insured will pay policy premiums at the end of the policy year in one payment; if paid earlier in the policy year, a discount will be allowed.