A very serious accident occurs rendering a 47-year-old warehouse manager completely disabled. He is not expected to recover from his total paralysis. Select the program(s) below which would most likely entitle him to disability income benefits.

Group of answer choices

Medicare

MediCal

Social Security

All the above

An "exclusion ratio" applies to payouts of annuities. An annuity purchaser who contributes $100,000 of premium after tax, is expected to live for 10 years and will receive 20,000 per year for a total of $200,000. In each of the first 10 years his taxable amount will be:

Group of answer choices

$10,000

$20,000

$0

How do tax laws treat the premature distribution of Modified Endowment Contracts?

Group of answer choices

Like IRA accounts

Like a regular life insurance policy

Tax laws do not affect MECs

Applicant forms used for life insurance:

Group of answer choices

Express facts about the person applying.

Are required to be submitted to begin the process of acquiring the life plan.

Represent a request to an insurer to provide an insurance contract based on the information contained in the application

All the above are correct

Which of the following are elements of "non-medical" applications?

Group of answer choices

A medical exam may not be needed regardless of the insurer's underwriting standards.

Answers to application questions could trigger a requirement to have a physical exam performed.

A medical exam may not be needed.

all are correct

Which of the below often acts as a "field underwriter?"

Group of answer choices

The claims department

A person being interview by the insurance company for a large policy application.

The agent

A schedule illustrating the probabilities of death each year for life insurance is called:

Group of answer choices

A morbidity table

An annuity table

A premium table

A mortality table