California Life, Accident, and Health Licensing Questions and Answers Already Passed

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California Life, Accident, and Health Licensing Questions and Answers Already Passed Co-insurance ✔✔The policy provision which requires the insurer and the insured to share in the cost of serv... ices rendered Exclusion ratio ✔✔The formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. Occupational policy ✔✔When a disability income policy provides coverage for injuries which occur on and off the job Most disability income policies are non occupational, meaning ✔✔They only cover the insured if they become disabled while away from work. Self employed individuals doesn't have ✔✔workers compensation coverage. They need coverage both on and off the job (occupational). A life agent who offers for sale or sells any financial product on the basis of its treatment under the MediCal Program must provide ✔✔The Notice Regarding Standards for Medi-Cal Eligibility. Must be signed by applicant. A widow or widower without any children is eligible for social security survivors benefits at age ✔✔60 A surviving spouse is eligible for social security survivor's benefits at age ✔✔60 An authorized, or admitted carrier (insurer) ✔✔one which is under compliance with the California Insurance Code (CIC) and can operate legally in California Which type of life insurance utilizes the "level premium concept" ✔✔Traditional whole life Disability income policy proceeds must be paid out at least ✔✔monthly What life insurance rider will pay a monthly benefit to the insured when they become disabled ✔✔The disability income rider. It is a type of health (disability) insurance Dread (Specified) Disease policies, such as cancer [Show More]

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