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PENNSYLVANIA HEALTH AND ACCIDENT EXAM QUESTIONS WITH 100% CORRECT ANSWERS LATEST

Pennsylvania Health and Accident Questions and Answers 100% Solved How do warranties differ from representations? A. a warranty is guaranteed to be true, a representation is believed to be true to the best of one's knowledge. B. a representation is guaranteed to be true, a warranty is believed to be true to the best of one's knowledge. C. a warranty is issued by the insurer, a representation is a statement provided by the applicant. D. an incorrect representation automatically voi...

Tax for Accident and Health Questions and Answers 100% Solved A noncontributory group disability income plan has 30-day waiting period and offers benefits of $2,000 a month. If an employee is unable to work for 7 months due to a covered disability, the employee will receive a. $14,000 all of which is taxable b. $12,000 none of which taxable c. $12,000 all of which is taxable d. $14,000 none of which is taxable ️️C Employers can reduce health plan costs by coupling a HRA with a. ...

Health and Accident Insurance Test Questions and Answers 100% Solved An employer is issued a group medical insurance policy. This single contract is known as a(n) entire contract master policy certificate of coverage employer contract ️️Master Policy What is issued to each employee of an employer health plan? Provision Receipt Policy Certificate ️️Certificate Which of the following decisions would a Health Savings Account (HSA) owner NOT be able to make? The amount contr...

Life, Accident, Health Insurance Pennsylvania Part 2 (Annuities, Federal Tax Considerations for Life Insurance)Qs & As 100% Solved In an annuity, the accumulated money is converted into a stream of income during which time period? ️️Annuitization period What best describes what the annuity period is? ️️The period of time during which accumulated money is converted into income payments Which of the following is NOT a term for the period of time during which the annuitant or ...

Health And Accident Test Questions And Answers 100% Solved The benefits under a Disability Buy-Out policy are ️️payable to the company or another shareholder Which of the following statements does NOT accurately describe the tax treatment of premiums and benefits of individual Accident and Health insurance? ️️Disability income policy premiums are tax-deductible The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for ️️health informati...

PSI Life, Accident, And Health Test Questions and Answers 100% Solved How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 ️️2 years What is the return of premium rider? A. an increasing amount of term insurance that always equals the total of premiums paid up to the current point B. a provision that allows the insured to cancel the policy in the first two years and h...

Accident, Life, and Health Insurance Exam Questions and Answers 100% Solved Premiums paid by self-employed sole proprietors or partners for medical expense insurance are ️️a) Not tax deductible b) Partially tax deductible c) Totally tax deductible d) Taxable c) Totally tax deductible ️️c) What is the purpose of a conditional receipt ️️a) It is given by the agent only to applicants who fully prepay all scheduled premiums in advance of policy issue b) It is intended to pro...

Pennsylvania Life, accident, & health Practice Quiz and Answers 100% Solved Which of the following is NOT a part of what constitutes the entire contract? 1. any applicable riders 2. the life insurance policy 3. the invoice for the first month's premium 4. a copy of the original application ️️3. the invoice for the first month's premium Life insurance proceeds are included in the gross estate if: ️️the proceeds are payable to the insured's estate or the insured had any incid...