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EXAM SIMULATOR FLORI DA-LIFE
& HEALTH / FL HEALTH & LIFE
AND ANNUITY COMPLETE STUDY
GUIDE (SOURCE XCEL
SOLUTIONS – PEARSON) 400+
ACTUAL TEST QUESTI ONS WITH
DETAILED VERIFIED AN SWERS /
ALREADY GRADED A
Question 1: Which of the following statements about
guaranteed renewable health insurance policy is correct?
CORRECT ANSWER : Premiums normally increase at
the time of renewal.
Question 2: The issuer must provide a perspective buyer
with an?
CORRECT ANSWER : Buyers guide and policy
summary
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Question 3: T would like to be assured $10,000 is
available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase?
CORRECT ANSWER : Ten-year Endowment
Question 4: According to the time payment of claims
provision, the insurer must pay disability income benefits no less frequently then which of the following options?
CORRECT ANSWER : Monthly
Question 5: Which of the following is the most important
factor when deciding how much disability income coverage an applicant should purchase?
CORRECT ANSWER : Applicants monthly income
Question 6: Which two entitles regulate variable
annuities?
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CORRECT ANSWER : Department of Financial
Services; Securities Exchange Commission.
Question 7: The amount of coverage on a group life
policy is limited to?
CORRECT ANSWER : The insured's total loan value
Question 8: The provision that can be used to put on
insurance policy back in force after it has lapsed due to nonpayment is called?
CORRECT ANSWER : Reinstatement
Question 9: Which product would best serve a retired
individual looking to invest a lump-sum of money through an insurance company?
CORRECT ANSWER : Annuity
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Question 10: According to Florida law, a group life
insurance policy requires a minimum how many insureds?
CORRECT ANSWER : No minimum
Question 11: Multiple employer welfare arrangement
(MEWA) provides what type of benefits?
CORRECT ANSWER : Insurance
Question 12: In a qualified retirement plan, the yearly
contributions to an employee's account?
CORRECT ANSWER : Are restricted to maximum level
set by the IRS