Question 1

Which of the following statements on workers' compensation benefits is correct?

Accepted Answer

A) Medical expenses without limit on time / with limit on money. 
B) Medical expenses with limit on time / with limit on money. 
C) Medical expenses with limit on time / without limit on money. 
D) Medical expenses without limit on time / without limit on money. 
A) Medical expenses without limit on time / with limit on money. 
B) Medical expenses with limit on time / with limit on money. 
C) Medical expenses with limit on time / without limit on money. 
D) Medical expenses without limit on time / without limit on money. D

Question 2

The qualified intermediary for a 1035 exchange for a life insurance policy is:

Accepted Answer

A) Attorney. 
B) Insurance company. 
C) Insurance agent. 
D) Insured. 
A) Attorney. 
B) Insurance company. 
C) Insurance agent. 
D) Insured. B

Question 3

All of the following must be Included in a life insurance illustration except:

Accepted Answer

A) Initial death benefit. 
B) "Life Insurance Illustration" must appear on each page. 
C) Marital status of the insured. 
D) Name of insurer. 
A) Initial death benefit. 
B) "Life Insurance Illustration" must appear on each page. 
C) Marital status of the insured. 
D) Name of insurer. C

Question 4

Which of the following is the sale of a terminally ill person's life insurance contract to a third-party business?

Accepted Answer

A) Accelerated Benefit rider. 
B) Insurability protection rider. 
C) Life Settlement. 
D) Viatical Settlement. 
A) Accelerated Benefit rider. 
B) Insurability protection rider. 
C) Life Settlement. 
D) Viatical Settlement.

Question 5

Workers' compensation benefits are:

Accepted Answer

A) Federally administered. 
B) Income tax free. 
C) Income taxable. 
D) Lost wages. 
A) Federally administered. 
B) Income tax free. 
C) Income taxable. 
D) Lost wages.

Question 6

All of the following are deductible medical expenses except:

Accepted Answer

A) Outpatient treatment at a center for alcohol or drug addiction. 
B) Participation in a smoking-cessation program. 
C) Participate in a weight-loss program proscribed by a physician. 
D) Residential nursing home care if medically necessary. 
A) Outpatient treatment at a center for alcohol or drug addiction. 
B) Participation in a smoking-cessation program. 
C) Participate in a weight-loss program proscribed by a physician. 
D) Residential nursing home care if medically necessary.

Question 7

Pension maximization is a / an:

Accepted Answer

A) Annuity strategy. 
B) Disability strategy. 
C) HSA strategy. 
D) Life insurance strategy. 
A) Annuity strategy. 
B) Disability strategy. 
C) HSA strategy. 
D) Life insurance strategy.

Question 8

Which of the following is not an example of a material change for a life insurance policy?

Accepted Answer

A) Change in cash surrender value. 
B) Change in death benefit. 
C) Change in loan value. 
D) Change in premium payment. 
A) Change in cash surrender value. 
B) Change in death benefit. 
C) Change in loan value. 
D) Change in premium payment.

Which of the following statements on workers' compensation benefits is correct?

The qualified intermediary for a 1035 exchange for a life insurance policy is:

All of the following must be Included in a life insurance illustration except:

Which of the following is the sale of a terminally ill person's life insurance contract to a third-party business?

Workers' compensation benefits are:

All of the following are deductible medical expenses except:

Pension maximization is a / an:

Which of the following is not an example of a material change for a life insurance policy?

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services No

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics

Insurance Planning Basics

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Employee Benefits Planning

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Delivery Models and Regulatory Issues

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Exam 17: Applications in Risk Management

Which of the following statements on workers' compensation benefits is correct?

The qualified intermediary for a 1035 exchange for a life insurance policy is:

All of the following must be Included in a life insurance illustration except:

Which of the following is the sale of a terminally ill person's life insurance contract to a third-party business?

Workers' compensation benefits are:

All of the following are deductible medical expenses except:

Pension maximization is a / an:

Which of the following is not an example of a material change for a life insurance policy?

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services No

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics

Insurance Planning Basics

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Employee Benefits Planning

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Delivery Models and Regulatory Issues

Filters