1) Patricia received a diagnosis of advanced pancreatic cancer that and it has been determined she has 9 months to live. What provision will allow her to take a disbursement from her life insurance plan to pay off some of her bills? a) Accelerated Death b) Continuation for Ceasing Work c) Waiver of Premium d) Portability e) Conversion 2) The BZ Company has had basic life coverage with LFG for 7 years but is now terminating their employee coverage. Maura, who has worked for the company for 6 years and has several health conditions, wants to keep her coverage without having to submit to medical underwriting. Which provision would allow her to purchase a Universal Life policy without EOI? a) Accelerated Death b) Continuation for Ceasing Work c) Waiver of Premium d) Portability e) Conversion 3) Robert must take Family Medical Leave to care for his spouse who has cancer. What provision will allow his life coverage to continue while he is out on this leave period provided that the premium is paid? a) Accelerated Death b) Continuation for Ceasing Work c) Waiver of Premium d) Portability e) Conversion 4) Jenn is leaving her employment for a new work opportunity but wants to take her life insurance coverage with her, as her new employer has a 6-month waiting period for coverage. Which provision will allow her to take her life coverage with her at the same rate she is paying now? a) Accelerated Death b) Continuation for Ceasing Work c) Waiver of Premium d) Portability e) Conversion 5) William, who is 48, was in a car accident 7 months ago and sustained serious back injuries which have left him totally disabled. What provision will enable him to keep his life insurance coverage without paying a premium? a) Accelerated Death b) Continuation for Ceasing Work c) Waiver of Premium d) Portability e) Conversion

Life Provisions to Know

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