Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Free Practice Questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
To become eligible for social security retirement benefits, a worker must
Correct
Eligibility for social security benefits depends on work credits. It does not matter whether a person has dependents, a private pension plan, or Medicare eligibility.
Incorrect
Eligibility for social security benefits depends on work credits. It does not matter whether a person has dependents, a private pension plan, or Medicare eligibility.
-
Question 2 of 10
2. Question
If both parents have employer-provided group coverage, the children are covered under
Correct
This is an example of how the birthday rule applies. If both parents have employer-provided group coverage, the children are covered under the parent’s plan whose birthday falls closest to the start of the calendar year.
Incorrect
This is an example of how the birthday rule applies. If both parents have employer-provided group coverage, the children are covered under the parent’s plan whose birthday falls closest to the start of the calendar year.
-
Question 3 of 10
3. Question
Max is the beneficiary of his mother’s life insurance policy. He wants to make sure the proceeds will last as long as he lives and as long as his wife is alive. Max should select the
Correct
The joint and survivor option will pay benefits as long as Max or his wife is alive, regardless of who dies first.
Incorrect
The joint and survivor option will pay benefits as long as Max or his wife is alive, regardless of who dies first.
-
Question 4 of 10
4. Question
Jasmine has chosen to receive the payout from her husband’s life insurance policy to receive an income for the next 15 years. At the end of that time, the entire proceeds from the policy will have been paid out. Jasmine has selected the
Correct
This is an example of a fixed period option. Jasmine has selected the fixed period option to receive the payout from her husband’s life insurance policy.
Incorrect
This is an example of a fixed period option. Jasmine has selected the fixed period option to receive the payout from her husband’s life insurance policy.
-
Question 5 of 10
5. Question
Which of the following statement is correct about paid-up additions?
Correct
With this option, additional amounts of insurance are purchased. The dividends are used to purchase additional insurance protection in paid-up additions.
Incorrect
With this option, additional amounts of insurance are purchased. The dividends are used to purchase additional insurance protection in paid-up additions.
-
Question 6 of 10
6. Question
Albert is self-employed and sets up a retirement plan for himself. Albert most likely sets up a
Correct
Keogh plans are designed to provide retirement benefits for self-employed individuals. Albert is self-employed and sets up a retirement plan for himself, so he most likely sets up a Keogh plan.
Incorrect
Keogh plans are designed to provide retirement benefits for self-employed individuals. Albert is self-employed and sets up a retirement plan for himself, so he most likely sets up a Keogh plan.
-
Question 7 of 10
7. Question
Which of the following will not make fully deductible contributions to an IRA?
Correct
If earned income exceeds a specified amount, limitations apply. Anybody with earned income above the specified income limits will not make fully deductible contributions to an IRA.
Incorrect
If earned income exceeds a specified amount, limitations apply. Anybody with earned income above the specified income limits will not make fully deductible contributions to an IRA.
-
Question 8 of 10
8. Question
The method of payment in which a provider is paid a particular fee monthly for each subscriber is known as
Correct
A capitation fee is a payment method in which a provider is paid a particular fee monthly for each subscriber.
Incorrect
A capitation fee is a payment method in which a provider is paid a particular fee monthly for each subscriber.
-
Question 9 of 10
9. Question
Poly has a policy that will pay any expenses that she incurs due to in-hospital medical treatment, and some of the expenses she incurs on an outpatient basis. Poly probably has a
Correct
This is an example of a medical expense policy. Poly has a medical expense policy that will pay any expenses that she incurs due to in-hospital medical treatment and some of the expenses she incurs daily.
Incorrect
This is an example of a medical expense policy. Poly has a medical expense policy that will pay any expenses that she incurs due to in-hospital medical treatment and some of the expenses she incurs daily.
-
Question 10 of 10
10. Question
Mathew has a policy that will provide him an income if he is disabled from illness or injury and recuperating at home. Mathew probably has a
Correct
This is an example of a disability income policy. Mathew has a disability income policy that will provide him an income if he is disabled from illness or injury and recuperating at home.
Incorrect
This is an example of a disability income policy. Mathew has a disability income policy that will provide him an income if he is disabled from illness or injury and recuperating at home.