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
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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