Iowa Life Insurance Exam QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) AD & D, Rehab, Medical Reimbursement, and Hospital confinement benefit - Correct Answers ✅Cash Benefit Riders permits insurer the right to reduce benefits if the insured has changed jobs to a more hazardous occupation - Correct Answers ✅Change of Occupation provision A provision that permits the insured to increase benefit coverage as they get older w/o proving insurability - Correct Answers ✅Future Increase Option Rider permits insurer "right to reduce benefits" if they find the total amount of earnings exceeds amount of earnings immediately preceding the loss. - Correct Answers ✅Relations of Earnings to Insurance Provision provision calling for a wage increase each year if the general level of prices rises - Correct Answers ✅Cost-of-living adjustment (COLA) disability income policy that provides benefits for loss of income when a person returns to work after a total disability, but is still not able to perform at the same level as before becoming disabled. - Correct Answers ✅Residual Disability 1 / 2
Iowa Life Insurance Exam QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) insured is unable to perform one or more important job duties (commonly found in hazardous occupations) - Correct Answers ✅Partial Disability benefits are provided to insureds only when it occurs OFF the job (group DI is usually this way) - Correct Answers ✅nonoccupational coverage benefits are provided to insured on or off the job (DI for individuals is usually this way) - Correct Answers ✅occupational coverage An optional benefits that adds a monthly income during the first year of disability. it is needed bc SS benefits have a 5 month wait period, and first income is not received until 13th mo of DI - Correct Answers ✅Additional Monthly Benefit (AMB) pays an added benefit above the base DI policy when insured it first DI, and receives no benefits or only certain SS benefits.This occurs when individual qualifies for DI but denied benefits with SS disability. This would go into effect after AMB
- Correct Answers ✅Social Insurance Supplement (SIS)
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a feature that provides the waiving of future premiums after the insured becomes disabled for 90 days. This waiver is for