Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Life insurance death proceeds are normally includable in a deceased insured’s gross estate: A. for federal income tax purposes only B. if the proceeds were paid to or on behalf of the owner-insured’s estate C. if the insured’s beneficiary owns the policy D. only if the policy had cash surrender value Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The preventive medical care benefit sometimes provided in a Medicare supplement policy covers: A. Home health care B. Skilled nursing care C. Hospitalization D. Annual physical exams Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The designation of a beneficiary by class in a life insurance policy means that: A. the policy must be a form of business life insurance B. a primary beneficiary cannot be designated in the policy C. individual beneficiaries are not specified by name D. the beneficiaries are unrelated to the insured Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link It is unlawful for a person to provide an advertisement that: A. Points out coverage advantages of a policy B. Refers to the insurer's financial rating C. Uses a policy title to misrepresent a coverage D. Compares benefits between policies Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Under the absolute assignment of a life insurance policy: A. all incidents of ownership are transferred to the assignee B. the original policy owner may change the beneficiary designation C. all debts owed to the insurance company are canceled D. the original policy owner is entitled to receive the cash value of the policy Submit Answer