FLORIDA HEALTH AND LIFE INSURANCE EXAM
AND PRACTICE EXAM WITH UPDATED
QUESTIONS AND DETAILED CORRECT
ANSWERS WITH RATIONALES (ALREADY
GRADED A+)
A provision in a life insurance policy that pays the
policyowner an amount that does not surpass the
guaranteed cash value is called the: - ANSWER-Policy
Loan provisionWhich of the following statements about accumulated
interest earned on dividends from an insurance policy is
TRUE? - ANSWER-Taxed as ordinary incomeWhich of the following provisions guarantees that premiums
2 | P a g e
will be waived if a juvenile Life policyowner becomes
disabled? - ANSWER-Payor Clause+
What action can a policyowner take if an application for a
bank loan requires collateral? - ANSWER-Assign policy
ownership to the bank+
Dividends paid from a life insurance policy are - ANSWERissued by the insurerThe consideration clause in a life insurance contract
contains what pertinent information? - ANSWER-Amount of
premium payments and when they are dueA cost of Living rider gives the insured - ANSWERAdditional death benefits-
3 | P a g e
What does the ownership clause in a life insurance policy
state? - ANSWER-Who the policyowner is and what rights
the policyowner is entitled to+
S would like to use dividends from her life insurance policy
to purchase paid-up additions. All of these would be factors
that determine how much coverage can be purchased
EXCEPT - ANSWER-beneficiary's age+
When a misrepresentation on a life insurance policy
application is discovered, what action may an insurance
company take? - ANSWER-Void the policy only if it is
discovered during the contestable period and proven to be
materialA life insurance policyowner would like to take out a policy
loan against the cash value in his Whole Life policy. The
interest rate applied to this loan may vary over time. This is
4 | P a g e
referred to as a(n)
rate loan. - ANSWER-VariableN is covered by a Term Life policy and does not make the
required premium payment which was due August 1. N dies
September 15. What action will the insurer take? -
ANSWER- Claim will be denied
acct 526 advanced pathophysiology aha pals aorn periop 101 apea ati capstone fundamentals ati comprehensive predictor ati pharmacology proctored ati rn community health proctored ati rn fundamentals proctored ati rn leadership proctored ati rn med surg proctored ati rn nutrition proctored healthcare hesi hesi exit hesi health assessment hesi mental health hesi pn exit hesi rn exit ihuman case study med surg nclex ngn nclex rn nursing
Het is de moeite om hier samenvattingen te kopen als je zelf onvoldoende tijd hebt ervoor.
Prima service, snelle afhandeling. Ik ga hiervan gebruik maken gedurende mijn hele studie.
Weer een goede ervaring met Knoowy. Makkelijk en snel een nette samenvatting.
Deze site is een uitkomst als samenvatten niet je sterkste punt is. Zeker als je moet leren voor toetsen kun je hier alle nodige info vinden. Win-win.
Nadat ik Knoowy ontdekt heb, ga ik regelmatig op zoek naar eventuele bruikbare samenvattingen! Heel erg handig!
Makkelijke site om veel samenvattingen en verslagen snel te vinden.
Het is heel fijn om via Knoowy extra ondersteuning te hebben bij het studeren door middel van samenvattingen van de lesstof.
Super handig als je weinig tijd hebt. Samenvattingen zijn makkelijk te vinden en keuze is groot.