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State Farm Assessment 2024 Exam Review Questions and Answers, Exams of Credit and Risk Management

A review guide for the state farm assessment 2024 exam. It covers a variety of insurance-related topics, including short-term disability insurance, long-term disability insurance, supplemental health insurance, medicare supplement plans, life insurance (term, whole life, universal life), business liability policies (commercial liability umbrella, errors and omissions liability, employment practices liability insurance), and other small business insurance options. Questions and answers to test the reader's knowledge on these insurance concepts. It seems to be designed as a study aid or preparation material for the state farm assessment 2024 exam, which is likely required for individuals seeking to work in the insurance industry, particularly at state farm.

Typology: Exams

2024/2025

Available from 09/21/2024

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State Farm Assessment 2024 Exam
Review Questions and Answers 100%
Pass
With short term disability insurance there are no policy riders or
coordination of benefits is this an accurate statement yes or no -
Answer>>
long term disability insurance allows customers to continue
coverage through a variety of riders - Answer>>
based on state abailibitlity either the hospital income,
supplemental health insurance and or supplemental health
insurance plus prodducts may be abilable this type of protection
both on and off the job true or false - Answer>>
customers seeking a medicare supplemtn plan in the value
category may forgo some benefits and accept some cost sharing
in exchange for a lower premium true or false - Answer>>
short term disability insurance provides a streamland underwriting
process it uses an automated electronic application with limited
screening questions true or false - Answer>>
included in the current state farm health product portfolio except
what type of insurance. - Answer>>
supplemental health insurance and or supplemental health
insurance plus products may be available. this type of coverage
provides 24 hour on and off the job. - Answer>>
the primary purpose of life insurance is to provide a death benefit
to the beneficiary. it is important that the level of death benefit is
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State Farm Assessment 2024 Exam

Review Questions and Answers 100%

Pass

With short term disability insurance there are no policy riders or coordination of benefits is this an accurate statement yes or no - Answer>> long term disability insurance allows customers to continue coverage through a variety of riders - Answer>> based on state abailibitlity either the hospital income, supplemental health insurance and or supplemental health insurance plus prodducts may be abilable this type of protection both on and off the job true or false - Answer>> customers seeking a medicare supplemtn plan in the value category may forgo some benefits and accept some cost sharing in exchange for a lower premium true or false - Answer>> short term disability insurance provides a streamland underwriting process it uses an automated electronic application with limited screening questions true or false - Answer>> included in the current state farm health product portfolio except what type of insurance. - Answer>> supplemental health insurance and or supplemental health insurance plus products may be available. this type of coverage provides 24 hour on and off the job. - Answer>> the primary purpose of life insurance is to provide a death benefit to the beneficiary. it is important that the level of death benefit is

adequate to cover the customers needs true or false - Answer>> all of the following are types of permanent life insurance except -guaranteed issue final expense -limited pay whole life (10,15,20)

  • single premium life -whole life -universal life -return of premium - Answer>> Jim recently graduated he has no dependents and is interested in purchasing his first life insurance policy to cover his final expenses in case something happens to him. he wants the application process to be simple and prefers not to complete a medical exam. what type of policy should he considers? A. return of premium B. instant answer term insurance C. 30 years select term. D. single premium whole life - Answer>> a young family with a primary wage earner is looking for flexibility to change premium accounts as circumstances change. what type of life policy should they consider? - Answer>> Over time the cost of term life insurance may exceed the cost of Permanant life insurance true or false - Answer>> True which statement describes the flexible care benefit (FCB) rider? A. THE RIDER IS AVAILABLE ON BOTH A WHOLE LIFE AND UNIVERSAL LIFE POLICY B. THE (FCB) RIDER WAIVES MONTHLY DEDUCTIONS WHILE THE INSURED IS CHRONICALLY ILL AND RECEIVING QUALIFIED LONG-TERM CARE SERVICES

Condo and Homeowners Association Directors and Officers Liability with EPLI Coverage helps protect the policyholder from the following liability claims when coverage applies: - Answer>>

  • Directors & Officers Liability (an act, error or omission, misstatement or misleading statement, neglect or breach of duty by the Organization or by the Individual Insureds)
  • Discrimination Against a Third Party (someone who is not an employee or applicant for employment)
  • Wrongful Employment Practice (including discrimination, harassment, employment termination and retaliation) Other Small Business Insurance Options include: - Answer>> • Employment Practices Liability
    • Professional Liability
    • Individual Health
  • Workers' Compensation