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NY-Life-Accident-and-Health New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55 is now Stable and With Pass Result | Test Your Knowledge for Free

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NY-Life-Accident-and-Health Practice Questions

New York Life, Accident and Health Insurance Agent/Broker Examination Series 17-55

Last Update 2 days ago
Total Questions : 118

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Question # 21

Which of the following is a characteristic of level premium term life insurance?

Options:

A.  

It provides for lower benefits.

B.  

It can be used for cash value.

C.  

It matches the level amount of protection on the insured ' s life expectancy.

D.  

The cost of insurance is averaged throughout the life of the contract.

Discussion 0
Question # 22

When a buyer is considering a long-term care policy, they are encouraged to review carefully all policy

Options:

A.  

limitations.

B.  

facilities.

C.  

carriers.

D.  

agents.

Discussion 0
Question # 23

Which of the following Long Term Disability clauses states that insureds are considered totally disabled when they CANNOT perform the major duties of a gainful occupation for which they are reasonably suited because of education, training, or experience?

Options:

A.  

Partial disability clause.

B.  

Presumptive disability clause.

C.  

Regular occupation clause.

D.  

Any occupation clause.

Discussion 0
Question # 24

An insured owns a whole life policy that has accumulated cash value. Which of the following statements is true about the policy ' s cash value?

Options:

A.  

The policy ' s cash value is viewed as investment growth and therefore subject to taxation for each calendar year.

B.  

The growth of the policy ' s cash value is not subject to income tax while the policy is in force.

C.  

It is subject to fluctuations of the company ' s overall performance.

D.  

The cash value is not guaranteed.

Discussion 0
Question # 25

Mortality is based on a large risk pool of

Options:

A.  

income and time.

B.  

people and time.

C.  

geographic area and time.

D.  

family history and hobbies.

Discussion 0
Question # 26

The purpose of Medicare Supplement Insurance is to address gaps in Medicare coverage, which can include

Options:

A.  

Medicare in-hospital deductible.

B.  

replacing HMO coverage.

C.  

covering chiropractic treatment.

D.  

treatment provided in a government hospital.

Discussion 0
Question # 27

With respect to small group health benefit plans, a carrier may discontinue coverage or may refuse to renew such a plan if the employer

Options:

A.  

employs fewer than 15 full-time employees.

B.  

has filed for bankruptcy in the prior year.

C.  

has a supplemental plan with a competing carrier.

D.  

falls to pay the premium prior to the end of the grace period.

Discussion 0
Question # 28

Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?

Options:

A.  

Survivorship.

B.  

Dual capacity.

C.  

Joint.

D.  

Spousal.

Discussion 0
Question # 29

The difference between the face value of a life insurance policy and its cash value is the

Options:

A.  

market value.

B.  

assumed amount.

C.  

net amount.

D.  

term value.

Discussion 0
Question # 30

HICs usually structure copayments to discourage:

Options:

A.  

Preventive care

B.  

Non-emergency visits to the emergency room

C.  

Prescription drug usage

D.  

Outpatient X-rays

Discussion 0
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