Loma 281 exam 2024 - Study guides, Class notes & Summaries

LOMA 281 Module 4 Exam || Questions & Answers (100% Correct) LOMA 281 Module 4 Exam || Questions & Answers (100% Correct) Group Insurance - ANSWER - 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 - ANSWER - An insurance contract that insures a number of people. Group insured - A...

LOMA 281 Module 3 Study Exam Questions and Answers 2024/2025 Latest Update 100% Solved Waiver of premium for disability (WP) 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. - satisfies a 3-6 month waiting period: meaning for the first 3-6 months the person must cover it The WP benefit typically defines total disability for the insured as be...

LOMA 281 Module 2 Exam || Questions & Answers (Graded A+) LOMA 281 Module 2 Exam || Questions & Answers (Graded A+) 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, hospital, and funeral expenses Providing financial support for the family Funding ...

LOMA 281 Module 2 exam 2023 / 2024 complete solution

LOMA 281 Module 1 Study Guide Exam Questions with Answers 100% Verified 2024 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 specific events. Life insurance A type of insurance under which the insurer promises to pay a death benefit upon the death of a...

LOMA 281 Module 1 Study Guide Exam Questions with Answers 100% Verified 2024 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 specific events. Life insurance A type of insurance under which the insurer promises to pay a death benefit upon the death of a...