Life, Accident And Health Insurance Exam 112 Questions And Answers
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Terms in this set
112
A life insurance rider which riemburses expenses incurred in a convallescent or nursing home facility is
Long-Term Care (Rider)1
The PRIMARY reason for purchasing life insurance is to provide
Death benefits
A Payor Benefit Rider would be found on which type of policy
A juvenile life policy
An insured individual purchases a disability policy with a waiver of premium rider on January 1. The individual is disabled on June 1. On July 1, he receives proof of permanent and total disability, and submits a claim. He begins receiving benefits on July 15. When are his premiums waived?
June 1
Long-Term care policies MUST cover which of the following conditions?
Alzheimer's disease
Which period of time can a life Insurance application be backdated?
6 months
Who is the beneficiary of a Key person insurance policy?
Employer ( It says the Business, but that is. not an option)
The Healthy New York Program is designed to
Provide affordable health insurance coverage to small employers
Which type of group has a constitution and bylaws, is organized and maintained in goof faith for purposes other than obtaining insurance, and has insurance for the purpose of covering members and their employees?
Associate or Labor group
When managing a health insurance plan for a group, the insurer's administrative cost for each insured person
Varies among all group members