Texas Health And Life Insurance Examfx With 339 Questions And Answers

A corporation hires a new president. Concerned about losing him in an accident or to an illness. All of these would be true, except? a) the employer would request a key person plan b) the employee picks the beneficiary c) the employee must sign the application d) employer is the applicant/owner {Ans: Answer: B The employee picks the beneficiary}which of these will not decrease the death benefit in a life policy? a) extended term non-forfeiture b) policy loan c) automatic premium loan d) partial surrender {Ans: Answer: A extended term non-forfeiture}What is the minimum number of employees to be eligible for Cobra coverage? a) 50 b) 100 c) 10 d) 20 {Ans: Answer: D 20}G has a life policy with his wife listen as primary beneficiary. They both die in a car accident. They don't know who died first. According to the Uniform Simultaneous Death Act where will the policy proceeds be paid? a) wife's estate b) g's estate c) g's next of kin d) wife's next of kin {Ans: Answer: B G's estate}how do you PPO's save consumers in their healthcare costs? a) they offer senior discounts b) they charge minors less than adults c)