Short-term disability insurance has no policy riders or benefit coordination. Is this
an accurate statement? Yes or No. - ANSWER
Long-term disability insurance enables clients to maintain coverage through a
variety of riders. - ANSWER
Depending on the state, either hospital income, supplemental health insurance, or
supplemental health insurance plus products may be able to provide this form of
protection both on and off the work true or untrue. ANSWER
Customers wanting a Medicare supplement plan in the value category may forego
some features and accept some cost-sharing in return for a reduced premium. True
or untrue. - ANSWER
Short-term disability insurance offers a simplified underwriting procedure by using
an automated electronic application with fewer screening questions. True or False. -
ANSWER
Except for the type of insurance, which is now available in the State Farm health
product range. - ANSWER
Supplemental health insurance and/or supplemental health insurance plus plans
may be provided. This form of coverage offers 24-hour coverage both on and off
the job. - ANSWER
The fundamental aim of life insurance is to provide a death benefit to the
beneficiary. The level of death benefit must be sufficient to satisfy the customer's
needs. True or False. - ANSWER
, All of the following are permanent life insurance types except
-guaranteed issue final expense.
-limited pay for life (10, 15, 20)
One single premium life.
-full life
-Universal Life
-return the premium - ANSWER
Jim recently graduated, has no dependents, and wants to buy his first life insurance
policy to pay his final expenses in case something happens to him. He wants the
application process to be straightforward and does not want to undergo a medical
check. Which form of policy should he consider?
A. Return of Premium
B. Instant Answer Term Insurance
C. Select a 30-year term.
D. Single Premium Whole Life - ANSWER
A young family with a primary salary earner seeks the flexibility to change
premium accounts as circumstances change. What form of life insurance should
they consider? - ANSWER
Over time, the cost of term life insurance may exceed the cost of permanent life
insurance, true or false. - The answer is true.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Boostertips. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.59. You're not tied to anything after your purchase.