Free Insurance Licensing NY-Life-Accident-and-Health Exam Dumps Questions & Answers

An annuity product linked to a market-related rate of return is called

• A.an indexed annuity.
• B.a fixed annuity.
• C.a tax-sheltered annuity.
• D.a deferred annuity.

Under the Affordable Care Act, an insurer may place dollar limits on coverage for

• A.mental health services.
• B.maternity and newborn care.
• C.laboratory services.
• D.routine adult dental services.

Which is an accurate description of the relationship between the premiums of a whole life policy and the premium payment period?

• A.The shorter the payment period, the higher the annual premium.
• B.The longer the payment period, the higher the annual premium.
• C.The payment period is not related to the annual premium.
• D.The shorter the payment period, the lower the annual premium.

With respect to a life settlement contract, no person shall directly or indirectly pay a referral or finders fee to any person other than the

• A.owner ' s physician.
• B.insurance consultant.
• C.life settlement broker.
• D.owner ' s accountant.

Which of the following actions is NOT considered the Business of Life Settlements?

• A.Assigning a life settlement contract as a collateral loan.
• B.Issuing a life settlement contract by mail.
• C.Soliciting a life settlement contract from out of state.
• D.Negotiating a life settlement contract through a life settlement broker.