guarantee exam

accidental death rider

pays multiple of the face amount if death is the result of an accident is defined in the policy. It would not, however, include death that results from any health problem or disability, self-inflicted injuries, war, or dangerous Hobbies or avocations

14 day free look

Florida Statutes allow for a free-look period of how many days for life insurance policies and annuities?

only if the individual is not identified

when may hiv-related test results be provided to the MIB?

use it for emergency expenses

considering the principles of liquidity, how would a policy owner use today's Cash values in a life insurance policy?p

Indemnity policy

does not pay expenses or bills, just provides the insured with a stated benefit amount for each day the insured is confined to a hospital

income tax free

how are group medical and dental expenses received?

reduction of Premium option

the company uses the dividend to reduce the next year's premium

40 hours

how many hours of pre-licensing Education must a person have to qualify for a single life or health insurance license?

future increase option

the guaranteed purchase option is also referred to as what?

preferred provider plan

the insurer has contracted with certain providers to provide services at a certain rate. If an insured chooses to be treated by another provider, the coinsurance rate could be reduced, with the insured paying a higher percentage of the charges.

principal

the insurer issuing a policy is considered to be

exclude coverage for a specific impairment

what is the purpose of the impairment Rider in a health insurance policy?

extended term

when a whole life policy is surrendered for its nonforfeiture value, what is the automatic option?

presumptive disability

A continuing total disability that is presumed in cases involving loss of sight, hearing, speech or loss of any two limbs. Under these circumstances, the insurance company does not require the insured to submit to periodic examinations to approve continuing disability

taxable to the employee

any premiums paid by an employer for an employee's coverage of more than $50,000 are?

cash surrender values

variable life insurance policies cannot provide guaranteed what?

the insured members are not named

what is the only difference between blanket and group health insurance?

estate conservation

when life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as what?

delivered

when the insurer relinquishes control of the policy by mailing it to the policy owner, the policy is considered what?

acceptance

takes place when an insurance companies underwriter approves the application and issues the policy