Which type of annuity guarantees a level benefit payment?

1. Variable

2. Universal

3. Limited life

4. Fixed

A health insuring corporation (HIC) must offer emergency health services

1. In non-emergent situations

2. Only when provided by in-network providers

3. Outside and inside the insureds service area

4. At a minimum of twenty-four hours a day, six days per week

Sam gets a new job with a small employer and enrolls in a health benefit plan that includes dependent coverage. Sams 6-year-old daughter has Type-Diabetes and is on an insulin pump. When will claims related to her pre-existing condition be covered?

1. Immediately

2. After a waiting period of 90 days

3. After a waiting period of 12 months

4. After proving she has been complication free for 6 months

A trust may NOT be used in connection with a new life insurance policy when the intent is to

1. Name the trust as the policy beneficiary and another party as the policyowner

2. Conceal that a life settlement provider is financing the purchase of the policy

3. Prohibit a spouse from directing the policy death benefit to a stepchild

4. Minimize the estate taxes that will be paid to the government at the insureds death