Riders 2020

Time limit: 0

Quiz Summary

0 of 10 Questions completed

Questions:

Information

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 must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 10 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Not categorized 0%

1
2
3
4
5
6
7
8
9
10

Current
Review / Skip
Answered
Correct
Incorrect

Question 1 of 10

1. Question
Susan is purchasing a life insurance policy in which her twelve-year-old son is the insured. She wants to be sure that the policy can stay active until her son turns 21, even if she is unable to pay the premium because she dies or becomes totally disabled. Which rider should she purchase on the policy?
- Waiver of premium
- Disability income benefit
- Payor benefit life
- Return of premium
Correct

Incorrect
Question 2 of 10

2. Question
Regarding an accidental death rider, what does double indemnity mean?
- The premium is doubled if the death is caused by an accident.
- Two people are insured instead of just one if they die together in a common accident.
- The policy term length is doubled.
- The death benefit is doubled if the death is caused by an accident.
Correct

Incorrect
Question 3 of 10

3. Question
Stuart has a $100,000 life insurance policy. As his family grows, he wants the option of increasing the death benefit (when he reaches a certain age or at life changing events) without having to prove insurability. Which rider should he add to his policy?
- Guaranteed insurability rider
- Additional insured rider
- Payor benefit life
- Cost of living adjustment rider
Correct

Incorrect
Question 4 of 10

4. Question
With the accelerated death benefit rider, the early payout of a portion of the death benefit is triggered if the insured
- is diagnosed with a medical condition that is expected to result in a life expectancy of 12 months or less.
- becomes disabled or incapacitated before age 65 (or before age 55 if the condition is due to an accident).
- reaches a certain age defined in the policy, typically 90 or 95.
- becomes permanently disabled or qualifies for social security benefits.
Correct

Incorrect
Question 5 of 10

5. Question
The waiver of premium rider allows the policyowner to stop paying premiums if the insured
- is able to provide evidence of his or her insurability.
- dies.
- becomes terminally ill or confined to a nursing home.
- becomes totally disabled and unable to work.
Correct

Incorrect
Question 6 of 10

6. Question
An additional insured rider can be added to a main policy to provide temporary term protection for
- business partners of the insured that are not relatives of the insured.
- members of the insured's immediate family, such as a spouse or children.
- employees of a business that have been employed for more than six months.
- anyone that the policyowner has an insurable interest in.
Correct

Incorrect
Question 7 of 10

7. Question
The guaranteed insurability rider allows the policyowner to increase the death benefit protection
- if the insured is diagnosed with a medical condition that is expected to result in a life expectancy of 12 months or less.
- if the insured becomes disabled or confined to a nursing home.
- only if the insured can prove that he or she is insurable.
- at certain times without evidence of insurability of the insured.
Correct

Incorrect
Question 8 of 10

8. Question
Which of the following will likely trigger an early payout of a portion of the death benefit under a long-term care rider?
- Ethel loses her arm in a work-related accident.
- Emma needs to move to a nursing home, since she is unable to care for herself for the rest of her life.
- Erma needs hip surgery and will be recovering in the hospital for several weeks followed by rehabilitation in a skilled nursing facility.
- Edith becomes disabled and is unable to work and pay the premium.
Correct

Incorrect
Question 9 of 10

9. Question
Which rider provides for an early payout of a portion of the death benefit, if the insured is confined in a nursing home due to the insured’s inability to perform activities of daily living (ADLs), such as eating, bathing, dressing, etc?
- Cost of living adjustment rider
- Long-term care rider
- Rehabilitation care rider
- Guaranteed insurability rider
Correct

Incorrect
Question 10 of 10

10. Question
Which of the following is NOT true regarding the accelerated death benefit rider?
- It is also called a living benefit or an advanced death benefit rider.
- This rider pays an extra benefit if the insured dies in a car accident.
- When the insured eventually dies, the beneficiary will receive the death benefit amount minus any amount that was paid early.
- This rider allows a policyowner to receive some or all of the death benefit before the insured dies.
Correct

Incorrect

CONTACT US

Business Hours

9:00am to 7:00pm, Mountain Time

Monday thru Friday

Office Phone

(801) 518-1956

Text Us (anytime)

(801) 518-5016

Email Us

marlene@mountainCE.com

rjmauer@mountainCE.com

Follow us on:

Arizona requires that students have a proctor present while taking an insurance professional continuing education course test. Is your proctor present now and for the duration of the test?

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question