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Final Exam - California Life and Health 2025 Questions and Answers
Final Exam - California Life and Health 2025 Questions and Answers
Course:
California Life and Health
Institution:
California Life and Health
Final Exam - California Life and Health 2025 Questions and Answers
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| Uploaded on: | September 14, 2025 |
| Last updated: | September 15, 2025 |
| Number of pages: | 19 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Final Exam - California Life and Health 2025 Questions and Answers |
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Final Exam - California Life and Health 2025 Questions and Answers Employer-provided group term life insurance is exempt from income taxation up to - --CORRECT ANSWER--$50,000 Medicare Part B has an initial enrollment period. How many months after an individual's 65th birthday month does this enrollment period end? - --CORRECT ANSWER--3 months Which statement is true regarding policy dividends? - --CORRECT ANSWER--A dividend option is selected by the insured at the time of policy purchase What does the insurance term "indemnity" refer to? - --CORRECT ANSWER-Make whole What is a common reason people purchase an annuity? - --CORRECT ANSWER-To protect against the risk of outliving their financial resources The importance of a representation is demonstrated in what rule? - --CORRECT ANSWER--Materiality of concealment ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
