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LOUISIANA LIFE AND HEALTH INSURANCE EXAM NEWEST
2025 WITH 300+ Complete Questions And Correct Detailed Answers (Verified Answers)|Already Graded
A+||BRAND NEW!!
All of the following are true about group disability Income insurance
EXCEPT
- Benefits are usually short term.
- The waiting period starts at the onset of the injury or sickness.
- The longer the waiting period, the lower the premium.
- Coverage applies both on and off the job. - ANSWER-D. Coverage
applies both on and off the job.
Employees who are injured on the job are covered by Workers Compensation insurance. Group Disability Income insurance is designed to cover employees only while they are off the job, so the coverage is considered to be nonoccupational in nature. 1 / 4
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All of the following are true regarding key person disability income insurance EXCEPT
- The employer receives the benefits if the key person is disabled.
- The employer pays the premiums.
- The employee is the insured.
- Premiums are tax deductible as a business expense. - ANSWER-D.
Premiums are tax deductible as a business expense.
In key person disability insurance, the contract is owned by the business, the premium is paid by the business, and the business is the beneficiary. The key person is the insured, and the business must have the key person's consent to be insured in writing.
All of the following are ways in which a Major Medical policy premium is determined EXCEPT
- The average age of the group.
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- The amount of the deductible.
- The coinsurance percentage.
- The stop-loss amount. - ANSWER-A. The average age of the group.
Major medical policy premiums vary depending on the amount of the deductible, the coinsurance percentage, the stop-loss amount and the maximum amount of the benefit.
All of the following benefits are available under Social Security EXCEPT
- Death benefits.
- Welfare benefits.
- Old-age and retirement benefits.
- Disability benefits. - ANSWER-B. Welfare benefits.
Social Security is an entitlement program, not a welfare program.
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All of the following individuals may qualify for Medicare health insurance benefits EXCEPT
- A person age 45 who has a permanent kidney failure.
- A person under age 65 who is receiving Social Security disability
benefits.
- A retired person age 50.
- A healthy person age 65. - ANSWER-C. A retired person age 50.
Under current federal laws, any of the described persons could qualify for Medicare, except for individuals under age 65 who have no special circumstances.
All of the following statements about Medicare supplement insurance policies are correct EXCEPT
- They cover Medicare deductibles and copayments.
- They supplement Medicare benefits.
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