1-ANSWER-For an individual long-term care policy there is an annual dollar limit for tax deductions that is based on which of the following?

1. age

2. cost of care

3. policy value

4. premium cost

4-ANSWER-The group conversion option is allowed for all of the following EXCEPT

1. termination of the master policy.

2. loss of group coverage due to termination of employment.

3. upon the loss of eligibility on the part of a class of insureds.

4. during the annual benefits enrollment period.

2-ANSWER-What is the primary advantage for obtaining a reinstatement of a policy rather than obtaining a new one?

1. No proof of insurability is required

2. insured original issue age is used

3. No application is required

4. outstanding loans are cancelled

4-ANSWER-All of the following are features of the spendthrift clause EXCEPT

1. proceeds are paid in some other way than a single lump sum.

2. proceeds are protected by the insurer from the beneficiary's creditors.

3. transfer of proceeds to creditors is prohibited.

4. the beneficiary may encumber the proceeds.

ANSWER-Which of the following lists the three common types of permanent individual life insurance?

1. Variable Life, Whole Life, Universal Life

2 Whole Life Incidental Life Term Life