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10 Cards in this Set
- Front
- Back
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Which of the following health care plans would most likely provide the insured/subscriber with comprehensive health care coverage?
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Health Maintenance Organization plan
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The type of term insurance that provides increasing death benefits as the insured ages is called |
Increasing term.
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Your client plans to retire at age 50. He would like to purchase an annuity that would provide income from the time he retires to the age when social security and other pension funds become available. What settlement option should he consider?
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Annuity certain
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Which of the following is NOT true about a group annuity?
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It can be owned by individual employees.
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Which of the following definitions would make it easier to qualify for total disability benefits?
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The more liberal "own occupation"
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Which of the following is NOT true of basic medical expense plans?
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Coverage for catastrophic medical expenses
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What is the other term for the cash payment settlement option?
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Lump sum
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According to the PPACA Metal Levels classification, if a health plan is expected to cover 90% of the cost for an average population, and the participants would cover the remaining 10%, what type of plan is that?
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Platinum
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How many days does an insurer have to notify the Department of Insurance about the termination of an appointment?
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30 days
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A policyowner fails to pay the premium due on his whole life policy after the grace period passes, but the policy remains in force. This is due to what provision?
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Automatic premium loan
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