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1. A 65-year-old employee who works for an employer with 24 employees is disabled on the job. The employee has fully recovered and returned to work. Which health coverage is primary?
A) Medicaid
B) an individual plan
C) workers ' compensation
D) his employer ' s group plan
2. Which type of group has a constitution and bylaws, is organized and maintained in good faith for purposes other than obtaining insurance, and has insurance for the purpose of covering members and their employees?
A) Credit Insurance group.
B) Association or labor group.
C) Employee or individual employer group.
D) Multiple employer group.
3. Which type of life insurance policy is written under a single contract for both spouses in which it is payable upon the first death?
A) Spousal.
B) Joint.
C) Dual capacity.
D) Survivorship.
4. Which of the following is a potential DISADVANTAGE of a fixed annuity?
A) Payments continue only for a maximum of 2 years after the annuitant ' s death.
B) Annuitants could experience a decrease in the purchasing power of their payments over a period of years due to inflation.
C) There is no guaranteed specific benefit amount to the annuitant.
D) The insured invests payments in variable securities, and the return fluctuates with an uncertain economic market.
5. If an annuitant dies during the accumulation period, his or her beneficiary will receive
A) no monetary funds.
B) the lesser of the accumulated cash value or the total premiums paid.
C) both the accumulated cash value and the total premiums paid.
D) the greater of the accumulated cash value or the total premiums paid.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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