Bundled LOMA 281 Module 1,2,3,4 Study Questions and Answers Top-RatedBundled LOMA 281 Module 1,2,3,4 Study Questions and Answers Top-RatedBundled LOMA 281 Module 1,2,3,4 Study Questions and Answers Top-RatedBundled LOMA 281 Module 1,2,3,4 Study Questions and Answers Top-Rated
[Show more]
Risk - the possibility of an unexpected result. Premium - A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company - A company that provides protection against the risk of financial loss caused by specif...
Preview 2 out of 6 pages
Add to cartRisk - the possibility of an unexpected result. Premium - A specified amount of money an insurer charges in exchange for its agreement to pay a policy benefit when a specific loss occurs. Insurance company - A company that provides protection against the risk of financial loss caused by specif...
Term Life insurance - Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - A plan of term life insurance that provides a p...
Preview 2 out of 6 pages
Add to cartTerm Life insurance - Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - A plan of term life insurance that provides a p...
Group Insurance - A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - An insurance contra...
Preview 3 out of 29 pages
Add to cartGroup Insurance - A method of providing life or health insurance coverage for a group of people under one insurance contract. commonly provide: - life insurance, medical expense insurance, disability insurance, and dental insurance coverage Master group insurance contract - An insurance contra...
Assume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hosp...
Preview 2 out of 6 pages
Add to cartAssume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hosp...
Assume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure ris...
Preview 3 out of 23 pages
Add to cartAssume you're applying for a life insurance policy. During his presentation, the insurance agent makes the following statements. Are they all true? (Select all that apply.) a. People buy insurance to reduce the financial risk they face but not every type of risk is insurable. b. both pure ris...
1x sold
Waiver of premium for disability benefit - A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled. Waiver of premium for payor benefit - A supplemental life insurance...
Preview 2 out of 5 pages
Add to cartWaiver of premium for disability benefit - A supplemental life insurance policy benefit under which the insurer promises to give up - to waive - its right to collect premiums that become due while the insured is totally disabled. Waiver of premium for payor benefit - A supplemental life insurance...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller PossibleA. Stuvia facilitates payment to the seller.
No, you only buy these notes for $29.29. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
79316 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now