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On what basis are benefits payable under a long-term care insurance policy typically triggered? A) the diagnosis of an acute medical condition B) the number and types of medications prescribed C) the inability to perform of medications prescribed D) all of the above - Ans C) The inability to ...

Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She must be sponsored by a producer licens...

Annuitization is - Ans Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Ans A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) th...

What is the Primary Goal of Long Term Care - Ans To maintain functionality Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? - Ans Activities of daily living Long Term Care occurs only in nursing facilities. - Ans False On what basis ar...

Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer - Ans risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity ...

What is the underwriter's goal? - Ans To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) ...