Life and health insurance exam questions and answers 80s,free year insurance new car key,whole life insurance is best zecora - New On 2016

25.11.2015
Which of the following will have to meet an insurable interest requirement in order for a policy to issue?
In addition to the information about the applicant for insurance, underwriters will also look at the named beneficiary in the policy in order to determine whether or not there is an insurable interest.
Given Jack's temporary need for 15 years of coverage to pay off the mortgage balance, the best choice for Jack would be a 15-year term life insurance policy as the premiums would likely be far less than a permanent policy, and once the mortgage is paid off in 15 years, this particular need for Jack will no longer exist. Which type of life insurance is considered to be more risky based on its investment component? Because the underlying investments are equities such as mutual funds, variable life insurance policies are considered to be securities.
Life insurance underwriters look at a variety of factors when determining the acceptance of an applicant.
Underwriters look at many factors that can deem an applicant for life insurance as being more or less risky. Which of the following needs to have an insurable interest for an underwriter to issue an insurance policy? The person or entity that is the policy beneficiary will have an effect on the acceptance of the policy. Which of the following deals with a set of relationships where one person is authorized to act on behalf of another in order to create a legal relationship with a third party. The law of agency regulates the relationship between agents and principals as well as agents and third parties with whom they deal on the principal's behalf. All of the following can be considered life-changing events that could result in a change in the amount of life insurance coverage needed EXCEPT:I.
There are many purposes in which the proceeds of corporate owned life insurance may be used. While there are many different options and riders on life insurance, all policies possess a death benefit.
Permanent life insurance policies consist of both a death benefit component and a cash value component. A beneficiary on a life insurance policy will receive what value upon the death of the insured? The death benefit is the amount that is paid to the policy beneficiary upon the death of the insured. John, who had a life insurance policy with a death benefit, died on August 31st, after a long bought with cancer.
Although it typically takes approximately two weeks to settle death benefit claims, insurance companies are required to settle such claims within 30 days. LifeSource Direct, a national online insurance brokerage, announced today a streamlined website experience to shop, quote and purchase No Medical Exam Life Insurance.
Whether it is the birth of child, marriage or a change in the business structure you can quickly shop, quote and apply. LifeSource Direct, a national online insurance brokerage, announced today a streamlined website experience to shop, quote and purchase No Medical Exam Life insurance. Life coverage above the $350,000 coverage threshold can also be purchased through this new integrated process by selecting fully underwritten polices up to 10 million. User who visit and shop on the site will be able to click and print a free version of LifeSource Direct discount RX Drug Card, as well as the seasonal Flu-pon (a coupon), which provides 20% discounts on flu shots. A spokesman for LifeSource Direct stated that, “Providing real time quotes allows an individual or a business to upgrade their life insurance coverage to meet ongoing changes in personal or business situations. Although medical exams have been the main part of the life insurance application process for a very long time, many people do not have the time or the inclination to have blood drawn, a urinalysis done, and a medical exam performed. Reach out to the author: contact and available social following information is listed in the top-right of all news releases. In the United States, insurance professionals have to meet strict testing and licensing requirements.
There are over 3.2 million licensed insurance professionals in the United States, according to the National Association of Insurance Commissioners (NAICS). If you want to sell insurance or act as an adjuster, advisor, or insurance agent, you will need to get licensed in your state. The exact type of exam you take and the licensing you apply for will depend on your career goals. If you do not pass your exam on the first try, you can pay the necessary fees and try again. Life and health insurance professionals need to pass the life and health insurance exam to be licensed. One thing to keep in mind is that both the health and life insurance exam and the property and casualty insurance exam will include scored and non-scored questions. What’s confusing about non-scored questions is that they are not usually separate from the rest of your exam. Are you looking for tips on how to pass the property and casualty insurance exam or other insurance exam?
For your best chance of passing the life and health or property and casualty insurance exams, take advantage of the classes that we uniquely developed to assist you. Learn more about the insurance industry and further prepare for your insurance license exam.
As an average insurance policyholder, it can be overwhelming to try and understand absolutely everything about your life, car, health, or home insurance—especially if you are new to insurance in general. The insurance industry has its own unique jargon and few understand what all the terms actually mean.
Irrevocable Beneficiary: A beneficiary of the decedent who has vested rights to the proceeds of a life insurance policy.
Accelerated Death Benefits: A life insurance policy with this type of benefit will pay beneficiaries when the policyholder is still alive if certain conditions are met. Underwriting: An underwriter assesses the risks associated with an applicant for insurance. Inflation Protection: A type of coverage which involves the adjustment of one’s home insurance policy limits based on increases in costs associated with repairing the property. Guaranteed Renewable: An insurance policy that cannot be canceled, except for a few rare instances.
Indemnity Plan: Although plans vary among insurance providers, an indemnity plan is typically one in which a policyholder can choose his or her own hospitals or doctors, and the insurance provider will pay an agreed-upon portion of the costs. Gatekeeper: An individual who is sometimes involved with the insurance process, a gatekeeper refers to the person who will manage a patient’s treatments, which is mostly for authorization purposes, and generally refers to primary care doctors or specialists involved with the patient. Cash Surrender Option: A type of non-forfeiture option that allows the insured to cancel his or her coverage in return for the full net cash value in one lump-sum payment. Rescission: The termination of an insurance policy by the insurer if the insured were to intentionally misrepresent him or herself on the insurance application.
Dixie Somers is a freelance writer who loves to write about business, finance, and women's interests. Guest PostIf you would like to share your expertise on a subject that pertains to the insurance industry, click here to learn more. Yes, most individuals with Arteriosclerosis Obliterans will be able to qualify for traditional life insurance, the type of insurance which requires a medical exam.
But you will need to speak with a knowledgeable, independent agent, who is licensed with several life insurance companies for your best chance at approval. Best Case Scenario – The best case scenario for Arteriosclerosis Obliterans is one that has controlled cholesterol levels and no signs of heart problem involvement.
Severe Case – Arteriosclerosis Obliterans may have serious complications like stroke, heart attack or even death. You may have difficulty qualifying for traditional coverage, but could be eligible for a graded death benefit policy.


Arteriosclerosis Obliterans is a slow progressing condition if proper management is employed. Symptoms such as muscle pain, limb numbness or walking problems may be flare signs that may get you a “Severe Substandard” rating. There are medical conditions that are associated with Arteriosclerosis Obliterans such as hypertension, heart disease or ischemia. Regular visits to your doctor mean that your condition is controlled and life insurance companies see this as a good sign.
Recent laboratory and diagnostic tests such as blood cholesterol or echocardiogram are the best means to assess your actual medical condition. If you are still unsure which rating class you fall under, we suggest getting a life insurance quote at multiple substandard ratings, so you can familiarize yourself with the range of substandard premiums. Using the Instant Life Insurance Quote form on the right, select the rating class that best suits you based on your answers to the questions above, as well as complete the amount and type of coverage needed. Arteriosclerosis alone simply refers to hardening or loss of elasticity of the arteries,   which is previously known as myoconditis.
A most common type of this condition is called Arteriosclerosis Obliterans, and another is medial calcific sclerosis also called Monckeberg’s calcific sclerosis. In severe cases alteration in the color of the limbs, weakness, dizziness and chest pain may also be observed. Those who wish to sell life and health insurance are required to posses the proper licensing for each state in which they conduct business. As these investments move up and down with the movements of the equities market, variable life insurance is considered to be more risky than other types of policies as there is the probability that the value of the policy's investment component could decrease. These criteria can include hobbies, occupation, lifestyle, gender, age, income, and many more. This is because the beneficiary must be at risk of suffering some type of loss should the insured pass away. Should a permanent life insurance policy holder decide to cancel the policy prior to the insured's death, they will receive the amount of the cash surrender value.
Coverage from $25,000 to $350,000 can be easily compared, purchased and delivered on the same day through this enhanced shopping experience. The first steps is a easy to follow self profile page (see graphic) that determines the shopping criteria.
Shoppers and applicants can then be guided using LifeSource Direct Concierge Service sales team where the end to end process is directed by the web.
Thus the online purchase of LifeSource Directs no medical exam product satisfies the need of a broad segment of the life insurance market. It’s streamlined application process, backed by a skilled and experienced life insurance staff if needed, combined with a cutting edge quoting tool, provides for a seamless process for procuring the life insurance that is needed. Incorporating the latest cutting edge technology with one of the best consumer support staffs in the industry assures a simple and easy process for purchasing life insurance. Since the fast-changing insurance industry has such a big impact on consumer finances and safety, federal and state administrators want to make sure that anyone who sells insurance, or who acts as an agent or advisor, has the knowledge and ethical standards to do their job right.
Insurance exams make sure that insurance professionals have the current knowledge needed to help customers make the right decisions about insurance. Before they could sell insurance, these professionals had to pass an exam to get licensed, and they had to meet all of the other state requirements. To obtain your license, you will need to take an insurance exam covering the type of insurance you will be selling. For example, if you are the in the property and casualty insurance business, you have two options.
However, if you want to handle insurance claims, you may need a non-resident agent license.
Some states, for example, require you submit your fingerprints as part of the application process. Once you pass the exam, you will be a licensed casualty and property insurance professional.
The exam is also computer-based and includes direct questions, multiple choice questions, and “complete the sentence-style” questions.
As with the property and casualty exam, you will become a licensed life and health insurance professional if you score at least 70% on your exam and meet the other requirements of licensing.
The scored questions count towards your grade and will determine whether you become licensed or not.
As soon as you realize you would like to enter the insurance industry and will need to pass the exam, start the studying process. If you are disabled, you can seek accommodations under the Americans with Disabilities Act (ADA). Use practice insurance or life insurance test questions offered by your class or practice questions you find online. By simply reading information, you won’t remember very much, especially if you’re reading about something fairly technical, such as tax issues surrounding annuities.
Download practice property or life insurance test questions on your phone or carry index cards with you. The day before your test, make sure you have your ID and anything else you will need for your exam. When starting to answer the questions on your exam, read each of the property and life and health insurance exam questions and answers fully. Try not to spend too much time working out the answer to a difficult question or going back and second-guessing questions you’ve completed.
StateCE has specialist-developed courses that are designed to teach you the skills and information you need to pass the life and property and casualty insurance exams. This is why many policyholders merely nod their heads and take the insurance agent’s word for it instead of asking questions. Read ahead for a little explanation of some confusing terms that agents tend to throw around, so that when it is discussed you can truly nod your head in agreement, or better yet—ask some questions.
These rights can only be canceled by the policyholder if the irrevocable beneficiary offers his or her consent.
Such conditions include proof that the insured is terminally ill with a life expectancy of less than a year or that the insured has a life threatening disease. These expenses are typically limited to 20 percent of the insured’s dwelling coverage. This process will determine the amount of coverage and associated cost of a policy based on the applicant’s application and medical history. An insurance company can only cancel such a policy if the insured commits fraud, misrepresents himself or fails to pay coverage premiums.
This can refer to paying less than the full premium, or not paying at all, and will cause a policy to be terminated once the policy’s grace period has ended. Take the time to learn the language and grasp the importance of each term in the context of the policy. She lives in Arizona with her husband and three beautiful daughters who are the inspiration for her writing.
Although blockages in Arteriosclerosis Obliterans commonly appear in lower extremities, they may also appear in other areas of the body. With cases that have a history of the former two, but whose symptoms are controlled and lifelong damages such as brain injury or permanent motor disabilities are prevented, the best possible approval is at a “Severe Substandard” rating. So, if you have been diagnosed early of this condition, proper management done and complications are prevented, then the best rating of “Medium Substandard” may apply for you. Presence of these medical conditions is not a good sign and may get you a “Severe Substandard” rating or a decline depending on the severity of complications. Common symptoms include cold and pale limbs, muscle pain, numbness of extremities, walking or gait problem and absence of pulse in limbs.


A wife (owner) can take a policy out on her husband (insured), yet the husband is not a party to the insurance contract. His wife contacted the insurance company to file her claim for the death benefit on September 5th, after John's burial, and after she had time to collect her emotions to deal with her personal loss. The second step takes the shopper to a quote results page where they can purchase or continue shopping (see graphic). The LifeSource Direct representatives are knowledgeable in product and licensed to sell life insurance. By answering a series of questions a person can secure a policy up to $350,000 in a matter of minutes, without an examination, if they qualify.
LifeSource Direct works with top rated insurance carriers including Prudential, SBLI, RBC, Banner Life, MetLife, Lincoln, Nacolah, Transamerica, ING and Genworth Financial. Unless you are certified as a Certified Property and Casualty Underwriter (CPCU), and you have been working in the property and casualty insurance field for four years or more, you will not be exempt, and you will have to take the exam. You can contact the Department of Banking and Insurance in your state to apply to take the insurance exam and get state-specific information about licensing requirements.
There are 150 questions in total, and you will have two and a half hours to complete the exam. The non-scored questions, which are sometimes known as trial questions, will not affect your grade. You may encounter a question on the exam that doesn’t seem to come from any areas covered by the exam. Don’t spend extra time on a question that doesn’t seem to fit in with the rest of the test — this might be a question that doesn’t even count towards your exam score. The longer you have to start practicing life and health insurance exam questions and answers, the more likely you are to absorb enough information to score at least 70% on your exam. In most states, you will need to submit the correct forms 30 days before your insurance test.
If you get answers right or wrong, review your property or life and health insurance exam questions and answers. It’s also often reassuring to speak to someone who has gone through the process successfully. Conduct mock exam times, answering practice exam questions for the same amount of time you will be tested. Some states, such as Indiana, require you to come to the exam with your pre-licensing education Certificate of Completion.
Once you get to the half-way point of the exam, consider working your way through the rest of the exam and answering all of the questions you know.
If the insured is in a long-term care facility, it is also possible for accelerated death benefits to be granted. Underwriting for property insurance includes an assessment of the property owner as well as the home itself. Also, if the insurance company exits the health insurance industry, a guaranteed renewable policy can be legally canceled. Do your own research, and don’t be afraid to ask the insurance agency or agent questions about particular terms. And an unstable cholesterol level may be a sure sign of a heart artery involvement that can lead to a heart attack. The insurance agent filed the papers to process the claim with his supervisor, and the death benefit was settled on October 30th.
This approach to the purchase of life insurance has proven to reduce the client’s time to approval as well as receive the policy premium they applied for.
LifeSource Direct now works with thousands of people every year to find them the right term life insurance at the right price. The National Association of Insurance Commissioners (NAICS) also has a map to help you find out about licensing bodies and requirements in your state. If you need accommodations for ESL (English as a Second Language) learners, you will also need to submit your request well before the test. Print out the outline for your state and use this as a study guide to make sure you cover every area.
The course covers everything you need to know in order to successfully pass your exam, including life, health, property, casualty, homeowners, auto, annuities, and long-term care.
As you read, take notes, summarize what you read, quiz yourself on what you’ve learned, or write what you’ve learned in your own words.
For example, do most of your incorrect answers happen with general insurance questions or with questions related to homeowners insurance? If you only study in short bursts, you may be daunted by having to focus for a longer period of time. A question such as “All of these are examples of a principal except” means you are looking for an answer that is not a principal.
This way, you’ll know exactly what your policy entails in terms of coverage, limits and rules. If Arteriosclerosis Obliterans is detected early and cholesterol levels are controlled, most cases have a “Medium Substandard” rating.
In addition LifeSource Direct offers many ancillary products that can benefit the consumer. It’s easy to overlook the extra word and assume you’re looking for an example of a principal.
Information for this article was provided by the Calgary insurance brokers at Anthony Clark Insurance Ltd. The insurance exams assume an excellent grasp of English and are not automatically accessible to someone with different levels of ability.
A great way to study for the insurance exam is to create study questions and answers from your materials. Courses such as the insurance license courses at StateCE will provide you with lots of questions and answers.
Show up a little bit early — you don’t want to arrive harried and flustered because there was traffic. This means that the policy may consist of death benefit only coverage, or it can include both death benefit coverage along with a cash value component.If the policy is a term life insurance plan, it may stay in force for a set number of years such as 10, 20, or even 30 years, after which, the policy will expire. At that time, if the insured wishes to continue being covered, he or she will typically need to re-apply for life insurance coverage at their then-current age.With a permanent life insurance policy, there is no expiration or time limit on the coverage.
This is because the life insurance company is taking on a higher amount of risk with the insured in terms of a potential future claim. However, in some cases, due to a health condition, no exam life insurance may be the only type of coverage that is available to an individual.How Much Coverage Can You Buy with a No Medical Exam Policy?The amount of life insurance that can be purchased with a this type of life insurance policy will vary from one insurance company to another. This is because many seniors may have adverse health conditions that can preclude them from obtaining any other type of life insurance coverage.While a senior may not require life insurance for paying future college expenses for a child or grandchild, and they may not require income replacement for a spouse or young children, they may need life insurance as a means for paying final expenses, medical debts, and even high estate tax liabilities that can be due upon death. This can make the process very easy and fast to complete.Also, because there is no medical underwriting to deal with, the approval time for a no exam plan is very rapid in most cases. Therefore, if the insured passes away within the first couple of years of policy ownership, the beneficiary may only receive a refund of the paid in premiums rather than the full death benefit amount as proceeds.How and Where to Find the Best Life Insurance PolicyIn order to find the best no exam life insurance policy for your specific needs, it is typically best to work with an agency that has access to more than just one single insurance carrier. This way, you can compare multiple policies and premium quotes to determine which works best for your specific needs, as well as for your budget.When you are ready to begin looking for your policy, we can help. We work with many of the best no medical exam insurers in the marketplace today, and we can get you all of the important information that you need to make an informed buying decision.
Our experts will walk you through the quote and purchase process to ensure that you are comfortable with your decision.



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