Purpose of insurance - Study guides, Class notes & Summaries

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - correct answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - correct answer Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - correct answer Nonconcellable What is the required action to be taken by a South Carolina l...

This document contains workings, explanations and solutions to the ISR3702 Assignment 2 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4..... Question 1 (50 marks) Bantu Life Insurance Company received the following life insurance proposal from Chief Mlaudzi, who indicated that, because he lacked the necessary knowledge about life policies, the underwriter should select an appropriate policy for each person: 1.1 Indicate an appropriate life policy or polici...

HESI Exit Exam Test Bank 2024 NEWEST 2024 ACTUAL EXAM 500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ The nurse is ready to insert an indwelling urinary catheter as seen in the picture. At this point in the procedure, what actions should the nurse take before inserting the catheter? (Select all that apply) A. Ask the client to bear down as if voiding to relax the sphincter C. Complete perianal care with soap and water D. Gently palpate the clien...

LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid?...

Primerica Life Insurance Exam: 2023/ 2024 New Update (Questions and 100% Verified Answers) 1. A married couple owns a permanent policy which covers both of their lives and pays the benefit only upon the death of the first insured. Which policy is that? A. Survivorship Life Policy B. Second-to-Die C. Family income policy D. Joint life policy Answer: D. Joint life policy 2. An annuity owner is funding an annuity that will supplement her retirement. Because she does not...

TLI4801 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 UNISA – DUE DATE: - 18 MARCH 2024 (DETAILED ANSWERS WITH FOOTNOTES AND A BIBLIOGRAPHY - DISTINCTION GUARANTEED!) Assignment 01 – Semester 1 Answer the following questions using proper references. Your entire assignment answer (questions 1 (a) – (d)) must not exceed 15 pages. Note: You may make up your own facts to supplement the given facts without detracting from the core issues. 1. You are a recently admitted legal practitioner practis...

Risk - Answer The chance or uncertainty of loss. Exposure - Answer A condition or situation that presents a possibility of loss. Ways to manage risk - Answer Avoid Risk control risk retain a risk transfer a risk control risk - Answer techniques that limit loss severity come under the heading of risk reduction retain a risk - Answer if any loss occurs, they will pay for it themselves can be intentional or unintentional Transfer a risk - Answer Insurance hold ...

Colorado Health Insurance Exam| Questions and Verified Answers|100% Correct (2023/2024) Q: A group long-term disability plan is integrated with Social Security when which of the following statements is CORRECT? A. Social Security and group benefits pay a combined maximum limit. A. Social Security and group benefits pay a combined maximum limit. B. Full group benefits are paid in addition to Social Security benefits. B. Full group benefits are paid in addition to Social Security ben...

Question 1 Not yet answered Marked out of 1.00 Flag question Question text Which of the following is recommended in the context of a comprehensive security plan? a. Participants should receive certificates before training sessions. b. Management should expect employees to implement their own training. c. Employees should be trained in security measures. d. Employee passwords and ID badges should be periodically revoked. Clear my choice Question 2 Not yet answered Marked...

RRLLB81 Assignment 3 (Portfolio) Semester 2 2024 | Due 8 November 2024. All questions answered. Declaration of Authenticity Page 4 Abstract Page 5 Keywords Page 5 List of Abbreviations and Acronyms Page 5 1.INTRODUCTION Page 6 1.1.Background to the Research Problem Page 6 1.2. Problem Statement Page 7 1.3. Research Question and Hypothesis Page 7 1.4. Purpose of the Research Page 7 1.5. Structure of the Report Page 8 2. THE NATURE AND SCOPE OF LIABILITY INSURANCE Page 8 2.1. The Concep...