Online Access Free Ok-Life-Accident-and-Health-or-Sickness-Producer Practice Test

Spouses want to purchase a life insurance policy that will pay benefits at the death of the first spouse. This is an example of a

• A.variable life policy.
• B.universal life policy.
• C.survivorship life policy.
• D.joint life policy.

When you purchase an annuity, you are purchasing a

• A.guaranteed income.
• B.disability insurance policy.
• C.whole life policy.
• D.universal life policy.

In broad terms, the types of support and services generally associated with Long-Term Care policies are provided at which three levels of care?

• A.Home-based, assisted living, and medical care.
• B.Functional, rehabilitational, and medical care.
• C.Skilled nursing, intermediate, and custodial care.
• D.Professional, social, and economic care.

According to the IRS, which premiums may be tax deductible as a medical expense if the taxpayer's medical expenses exceed 10% of their adjusted gross income?

• A.Long-Term Care Insurance premiums
• B.Group Disability Insurance premiums
• C.Personal Disability Income Insurance premiums
• D.Accidental Death and Dismemberment Insurance premiums

Which of the following is NOT a settlement option for life or annuity policies?

• A.Asset withdrawal.
• B.Fixed period.
• C.Life income with period certain.
• D.Pure life income.