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WebCE Bundled Exams with Complete Solution | Verified Answers | 2024
WebCE Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]WebCE Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]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 - C) The inability to perform...
Preview 3 out of 19 pages
Add to cartOn 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 - C) The inability to perform...
which of the following situations presents a situation of pure risk? 
-knowing that his family is depending on him, Frank wants to insure his life 
-wanting to increase his retirement savings, Saul invests his life savings in the stock market 
-Ralph takes a second mortgage on his house and uses the...
Preview 3 out of 28 pages
Add to cartwhich of the following situations presents a situation of pure risk? 
-knowing that his family is depending on him, Frank wants to insure his life 
-wanting to increase his retirement savings, Saul invests his life savings in the stock market 
-Ralph takes a second mortgage on his house and uses the...
In general, what is the earliest age at which a person can take a distribution from a qualified plan 
without a tax penalty? - 59 1/2 
Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from 
the contract to take a vacation. Carol is likely to encounter al...
Preview 2 out of 11 pages
Add to cartIn general, what is the earliest age at which a person can take a distribution from a qualified plan 
without a tax penalty? - 59 1/2 
Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from 
the contract to take a vacation. Carol is likely to encounter al...
Buying life or health insurance is an example of which risk management technique? 
risk avoidance 
risk reduction 
risk retention 
risk transfer - risk transfer 
What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of 
mortality or morbidity losses ...
Preview 4 out of 128 pages
Add to cartBuying life or health insurance is an example of which risk management technique? 
risk avoidance 
risk reduction 
risk retention 
risk transfer - risk transfer 
What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of 
mortality or morbidity losses ...
Which medical plan covers doctor visits while the insured is in the hospital and physical therapy 
treatments following release from the hospital? 
limited medical policy 
basic hospital expense policy 
comprehensive major medical insurance 
supplementary major medical insurance - comprehensive majo...
Preview 4 out of 123 pages
Add to cartWhich medical plan covers doctor visits while the insured is in the hospital and physical therapy 
treatments following release from the hospital? 
limited medical policy 
basic hospital expense policy 
comprehensive major medical insurance 
supplementary major medical insurance - comprehensive majo...
What is the Primary Goal of Long Term Care - To maintain functionality 
Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? - 
Activities of daily living 
Long Term Care occurs only in nursing facilities. - False 
On what basis are benefits payabl...
Preview 2 out of 6 pages
Add to cartWhat is the Primary Goal of Long Term Care - To maintain functionality 
Which of the following most precisely defines the fundamentals of self-care and the basic tasks of life? - 
Activities of daily living 
Long Term Care occurs only in nursing facilities. - False 
On what basis are benefits payabl...
Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he 
was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, 
what risk management technique did Rory employ? - risk avoidance 
Which of the following is m...
Preview 4 out of 34 pages
Add to cartRory's parents offered to buy him a new car to take to college, but Rory turned them down because he 
was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, 
what risk management technique did Rory employ? - risk avoidance 
Which of the following is m...
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