Louisiana Life, Health & Accident Insurances 387 Correctly Answered Questions Latest Update

A policy available to business owners that provides payment for normal business expenses... {Ans: Business Overheard Expense}All of the following statements about Medicare supplement insurance policies are correct EXCEPT {Ans: They cover the cost of extended nursing home care}Which of the following is true regarding a single life settlement option? {Ans: It provides income the beneficiary cannot outlive}After the elimination period, a totally disabled insured qualified for benefits from a disability income policy that has a waiver of premium rider. What will happen to the premium that was paid into the policy during the elimination period? {Ans: Premiums will be refunded}Which of the following is INCORRECT regarding a $100,000 20 year level term policy? {Ans: At the end of 20 years, the policy's cash value will equal $100,000}In classifying a risk, the Home office underwriting department will look at all of the following EXCEPT {Ans: applicants past income}The insuring clause of a disability policy usually states all of the following EXCEPT {Ans: The method of premium payment}Which of the following best describes annually renewable term insurance? {Ans: It is level term insurance}Partners in a business enter into a buy-sell agreement to purchase