Maryland Life and Health Exam
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Complete solutions | verified &updated
2024 | Graded A+
Waiting period from the start of a disability to be eligible to apply for SS disability
is - ✔✔5 months
What medicare supplemtents have core benefits? - ✔✔plans A thru N
Medicare part B coinsurance - ✔✔20%
How long does medicare pay for confinements in a skilled nursing facility? -
✔✔up to 100 days
,how soon should the insured receive necessary claim forms? - ✔✔15 days
time limit on certain defenses (incontestable) period? - ✔✔2 years
guaranteed renewable means - ✔✔Renewable with adjustable premiums,
by classification only
ERISA - ✔✔the federal law that governs employer-sponsored
employee retirement and welfare and benefit plan
who is not eligible for continuation of group health coverage? -
✔✔involuntary terminated employees for cause
when an applicant for life insurance faces potential financial loss in the event of
injury or sickness of an insured, it is said the applicant has - ✔✔insurable intesrest
, judicial branch - ✔✔responsible for interpreting and determining
the constitutionality of the statutes
residual market - ✔✔private source of coverage of last resort for individuals
or businesses that have been rejected by voluntary market insurers
policy reserves - ✔✔are the net premiums paid plus interest earned and
reflect potential insurnace contract obligations
pre need plan - ✔✔typically pays the burial expenses of the insured
purpose of re-entry term? - ✔✔obtain a new term policy at a lower rate
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