South Carolina Life and Health

South Carolina Life and Health Exam Practice Questions & Answers 100% Correct What is the purpose for having an accelerated death benefit on a life insurance policy? - ANSWERSIt allows for cash advances to be paid Premium for a modified whole life policy is - ANSWERSlower then typical during first few years then higher then typical for the remainder An eligible employee can be excluded from group health coverage for up to (blank) months if he/she is considered a late enrollee - ANSWERS18 ...

What does Coordination of Benefits allow? - ANSWER-Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium payments if the insured is - ANSWER-completely and permanently disabled Under the Time Limit of Certain Defenses Provision, a disability policy is incontestable after it has been in force for a period of - ANSWER-2 years In what part of an insurance policy are policy benefits ...

A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - ANSWERS100% of the billed amount What does Coordination of Benefits allow? - ANSWERSAllows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium payments if the insured is - ANSWERScompletely and permanently disabled Und...

What does Coordination of Benefits allow? - ANSWER_Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium payments if the insured is - ANSWER_completely and permanently disabled Under the Time Limit of Certain Defenses Provision, a disability policy is incontestable after it has been in force for a period of - ANSWER_2 years In what part of an insurance policy are policy benefits ...

a cash surrender value of an annuity? - ANSWER-6 months Which of these is affected by the frequency of an insurance policy's premium payments? - ANSWER-Cost In an insurance contract, the insurer is the only party legally obligated to perform. Because of this, an insurance contract is considered - ANSWER-unilateral Which of these licensees MUST be appointed in order to conduct insurance business? - ANSWER-Producer A master contract and certificate of coverage can be found in which type of po...

A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - ANSWER-100% of the billed amount What does Coordination of Benefits allow? - ANSWER-Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of premium rider allows an insured to waive premium payments if the insured is - ANSWER-completely and permanently disabled Und...

The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - ANSWER-Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - ANSWER-6 HIPAA considers which of the following as "individually identifiable health information"? - ANSWER-A person's health claim information Which of the following is NOT taken into consideration...