Life 9

Which of the following renewable provision of a disability contract is likely to change the contract the least and cost the most

• Guarantee renewable contract

• Non cancelable contract

• Expense arrangements contract

What is the tax treatment for individual disability income policies?

• Non- deductible premiums and tax- free benefits

• Non- deductible premiums and taxable benefits

• Deductible premiums and tax free benefits

In a non contributory plan , disability benefits received are tax- treated in the following manner

• Tax free

• Beneficiary is taxed full amount

• Billed to gross income

In non contributory group disability income policy.what is the tax treatment for the employees?

• Employee can use the premium for a tax deduction

• Benefits are included in the employees gross income

• Benefits are tax free

Which of the following is included under a comprehensive LTC policy?

• Nursing facility only

• Home care

• Nursing facility and home care

What statement is included in all qualified LTC policies

• This contract provides comprehensive LTC

• This contract may qualify you for federal and state tax benefits

• This contract cover pre- existing conditions

El waiting period on a disability income policy is called which of the following

• Eligibility period

• Elimination period

• Black out period

An individual has a non-cancelable health policy. The insurers

• Can change the terms of the policy

• Can cancel or refuse to renew for non- payment

• Can change the premium

Under an individual guarantee renewable health contract, the insurer has the right to

• Discontinue coverage on the basis of employment

• Charge premium for a class of insured

• Make unilateral benefits charges

How does an HMO keep cost down

• After hours care

• Generic care

• Preventative care