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Life, Accident and Health Exam Questions and Answers

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Life, Accident and Health Exam Questions and Answers Annuity - Correct Answer️️ --A contract between a person and an insurance company that requires the insurer to make payments to you. -You buy an annuity by making either a single payment or a series of payments -Annuity Death benefits are NOT tax deductible or taxfree Dividends - Correct Answer️️ --Declared by the board of directors and cannot be guaranteed -A sum of money paid regularly by a company to its shareholders out of ...

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  • uploaded  17-06-2024
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Life and Health Insurance Exam 1 Questions and Answers

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Life and Health Insurance Exam 1 Questions and Answers UNIT 1: The term used to describe the individual who is covered by the insurance is A. insurer B. insured C. policyowner D. risk - Correct Answer️️ -B Which of the following is a risk? A. A car may need to have new brakes installed after several years of regular driving. B. An individual may need medical attention after slipping on the ice and falling. C. Both are examples of risk. D. Neither is an example of risk. - Correct A...

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Life and Health Insurance Final Exam Questions and Answers

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Life and Health Insurance Final Exam Questions and Answers ________ is a health insurance policy that only covers physician services and procedures. Proves first dollar benefits by the insurer, but low coverage limits. - Correct Answer️️ -Basic Medical Expense ________ is a health insurance policy that only covers room and board if the insured stays overnight in a hospital and the miscellaneous expenses that occur because of that stay. - Correct Answer️️ -Basic Hospital Expense _...

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  • uploaded  17-06-2024
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