Accelerated payments - Study guides, Class notes & Summaries

Accelerated BenefitsAnswer - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death BenefitsAnswer - A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death InsuranceAnswer - An insurance policy that provides payment if the insured's death is the result of an accident. Accumulation PeriodA...

Idaho Life Insurance Exam Complete Questions with 100% correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the res...

Idaho Life Insurance ExamComplete Questions with 100% Correct Answers Accelerated Benefits Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the resu...

The purpose of the 'No loss No Gain' provision is to avoid duplication of _____ and _____ when an individual is covered under multiple group health insurance plans: - ANS Benfit payments and overinsurance A life insurance policy can usually be contested by the insurer only during the first ____ years of the contract - ANS 2 years After an annuity has been in force for ____ years, it becomes incontestable - ANS 2 years In long term care insurance, what is the length of time for w...

Accelerated Benefits - Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - Unplanned, unforeseen traumatic injury to the body. Accidental Death and Dismemberment (AD&D) - An insurance ...

ohio life insurance exam Questions and Answers (2024 / 2025) (Verified Answers) How soon can the benefit payments begin with a deferred annuity? - CORRECT ANSWER a minimum of 12 months after date of purchase which of these is considered to be a living benefit option in a life insurance policy - CORRECT ANSWER Accelerated death benefit An example of naming a beneficiary by class would be "To the children born of my union with Ned Jackson: David Jackson, Jennifer Jackson, and Scot...

When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - ANS Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - ANS 9:00 PM A health plan offered by private insurance companies is - ANS Medicare Supplement Chris has a single major medical contract which covers all medical expenses. His plan is considered to be - ANS comprehensive In accident and he...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? Correct Answer: Free Look When will a policy pay on a UCR basis? Correct Answer: When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? Correct Answer: long term c...

AZ Insurance Exam 13-33 (2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of the following is NOT a valid contract age? Answer: An annuity exchanged for a life insurance policy. Q: Tim is covered by an accident and health insurance policy that may not be changed in any way by the insurer up to a stetted age, as long as the premiums are paid. What type of policy is this? Answer: Noncancelable Q: An insurer will typically assess a bac...