Alabama Life and Health Study guides, Class notes & Summaries

ALABAMA LIFE AND HEALTH EXAM 2024/ACTUAL EXAM WITH CORRECT ANSWERS/LATEST UPDATED /A GRADE

ALABAMA LIFE AND HEALTH EXAM 2024/ACTUAL EXAM WITH CORRECT ANSWERS/LATEST UPDATED /A GRADE

Alabama life and health all answers correct Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fixed period option C. Interest only option D. Life income option D. Life income option A man with an Accidental Death & Dismemberment (AD&D) poli...

Alabama Life and Health Exam | Updated 2024/25

In reference to the standard Medicare Supplement benefits plans, what does the term standard mean? a) All plans must include basic benefits A-N. b) Coverage options and conditions are developed for average individuals. c) All providers will have the same coverage options and conditions for each plan. d) Coverage options and conditions comply with the law, but will vary from provider to provider. - correct answerC Which of the following is true regarding a single life settlement option? a...

ALABAMA LIFE AND HEALTH INSURANCE EXAM

Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fixed period option C. Interest only option D. Life income option - Answer-D. Life income option A man with an Accidental Death & Dismemberment (AD&D) policy having a Principal Sum of $100,000 and a...

In reference to the standard Medicare Supplement benefits plans, what does the term standard mean? a) All plans must include basic benefits A-N. b) Coverage options and conditions are developed for average individuals. c) All providers will have the same coverage options and conditions for each plan. d) Coverage options and conditions comply with the law, but will vary from provider to provider. - Answer-C Which of the following is true regarding a single life settlement option? a) Payme...

Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fixed period option C. Interest only option D. Life income option D. Life income option A man with an Accidental Death & Dismemberment (AD&D) policy having a Principal Sum of $100,000 and a Ca...