life insurance Bai 1
Which of the following correctly describes a lender's rights to require that a borrower buy credit life insurance when taking a loan?
In most states, lenders can require borrowers to purchase credit life insurance of an amount determined by the lender. In most states, lenders can require borrowers to purchase credit life insurance of an amount not exceed the value of the loan. In most states, lenders can encourage but cannot require borrowers to purchase credit life insurance of an amount determined by the lender. In most states, lenders can encourage but cannot require borrowers to purchase credit life insurance of an amount not to exceed the value of the loan.
With life insurance, for how long must insurable interest exist?
Insurable interest must exist only at the time the applicant enters into a life insurance contract. It must continue for the life of the policy. It must exist when a claim is submitted. If no insurable interest exists when a policyowner buys a life insurance policy, the contract may still be enforced.
Raphael is an agent for ABC Insurers and refers a prospective client to Dana, an agent at XYZ Insurers. Which of the following statements about commissions in this case is correct?
It is illegal for Dana to share her commission with Raphael. It is considered rebating for Dana to share her commission with Raphael. Dana will be engaged in controlled business if she shares her commissions with Raphael. Dana can legally share her commission with Raphael under Texas law.
Nicole, age ten, is the insured in a traditional "jumping juvenile" policy with a $5,000 face amount. When she reaches age 21, what will most likely happen to the policy's face amount?
It will increase to $10,000. It will increase to $20,000. It will increase to $25,000. It will remain $5,000.
Larry, Brian, Susan, and Jennifer just started working for AllPro Insurance Company in Texas. Based on their job descriptions below, which of them is NOT an agent?
Larry, who receives insurance applications from the public Brian, who is a vice president in AllPro's human resources department and does not receive commissions Susan, who collects insurance premiums for AllPro Jennifer, who advertises insurance policies for AllPro
Mark has satisfied the requirements to reinstate his lapsed health insurance policy, but after 45 days has still not heard from his insurer about his reinstatement request. Which of the following will happen?
Mark can assume the reinstatement has not been accepted, and he can get his money back. Mark must contact the insurer to determine its decision. Mark's policy is automatically reinstated. Mark's policy automatically lapses.
Which of the following best illustrates the intended use of an annuity?
Mary purchases an annuity to create wealth for surviving family members when she dies. Marie purchases an annuity to provide life insurance. Madelyn purchases an annuity to create an estate. Maura purchases an annuity to convert a sum of money into a series of payments to herself.
Which statement about maximum benefit periods in disability income policies is NOT correct?
Maximum benefit periods range from one or two years to as long as the insured's lifetime. Benefit periods in short-term disability income policies are limited to five years. Disabilities caused by sickness or injury may have different maximum benefit periods under a policy. A longer maximum benefit period incurs a higher policy premium.
Which is NOT a means by which the federal government currently encourages employers to provide health care coverage for their employees?
Medical Savings Accounts Health Savings Accounts Flexible Spending Account Health Reimbursement Accounts
Mr. Johnson has reached his full retirement age for Social Security benefit eligibility and has started receiving benefits. He has a 58-year-old spouse and a 13-year old daughter. The maximum Social Security family benefit for Mr. Johnson and his dependents is based on which of the following?
Mr. Johnson's primary insurance amount (PIA) plus his wife's projected PIA Mr. Johnson's PIA , his wife's projected PIA, and his daughter's projected PIA Mr. Johnson's PIA plus a family benefit allowance announced annually by the Social Security Administration Mr. Johnson's PIA only
Coverage provided under Medicare is divided into four parts. All of the following accurately describe the four parts of Medicare, EXCEPT:
Part A covers institutional care including inpatient hospital care and skilled nursing home care. Part B covers physician's services, outpatient hospital care, and physical therapy. Part C is a managed care alternative to Parts A and B. Part D provides coverage for long-term home health care and hospice care.
All the following statements regarding insurable interest in a life insurance policy are true EXCEPT: People ha
People have insurable interest in themselves. Neighbors have insurable interest in each other. Spouses have insurable interest in each other. Dependent children have insurable interest in their parents or grandparents.
Ralph, Jerry, and Paula are primary and equal beneficiaries of the $600,000 insurance policy on the life of their mother, Judy. Ralph dies before his mother. He leaves two children, Tim and Hal. If Judy's life insurance policy designates the death benefit be paid "per stirpes," how will the insurer distribute the policy benefits?
Ralph's $200,000 share will pass equally to his two children when Judy dies. The surviving siblings, Jerry and Paula, will each receive $200,000. Tim and Hal will each receive $200,000. The surviving siblings, Jerry and Paula, will each receive $100,000. Tim and Hal will each receive $100,000. The surviving siblings, Jerry and Paula, will each receive $100,000. Judy's estate will get the entire $600,000 death benefit.
Sandy is covered by an individual health insurance policy, and Jackie is covered by a group plan. Both became pregnant within six months of their policies' effective dates. Under the Affordable Care Act, which statement is correct?
Sandy's pregnancy is a pre-existing condition that her policy does not cover, but Jackie's must be covered. Jackie's pregnancy is a pre-existing condition that her policy does not cover, but Sandy's must be covered. Both policies must cover the costs of the pregnancies. Both policies can exclude the pregnancies as a pre-existing condition.
Mary and her husband Mark are covered by a group health insurance policy that provides health coverage for newborn children. Mary has a baby on March 1. Which of the following correctly describes the policy's coverage of the child?
The baby is automatically covered by the policy for 60 days. The policy may limit coverage if the baby has congenital defects. The baby is covered by the policy for the first six months, after which Mary and Mark must apply for a new policy for the child. The baby is covered by the policy from the time of birth.
Which of the following best describes the tax treatment of fixed annuity death benefit payments?
The beneficiary must pay taxes on any amount he or she receives that exceeds the sum of the premiums paid into the contract. The accumulated cash value is taxed as ordinary income. The cash accumulations less the premiums paid are taxed as ordinary income. The beneficiary must pay taxes on the entire contract amount.
Which of the following characteristics of a potential customer would make an immediate fixed annuity under a straight life income option unsuitable for that person?
The customer wants guaranteed income that will last her life. The customer is a conservative investor The customer is single. The customer is age 75 and in questionable health.
In a collateral assignment, current policyowners may (or must) do all the following, EXCEPT:
change beneficiaries borrow against the cash value above the amount provided as security pay the premiums surrender the policy
When underwriting a group health insurance contract, a community rating considers the:
characteristics of the region in which the group operates combined experience of the group claims history of the group neighborhoods in which the group members live
A typical errors and omissions (E&O) policy covers all the following , EXCEPT:
completing and signing an application for an applicant without that person's knowledge professional negligence failing to perform due diligence placing insurance with insurers who are not authorized to conduct business in the state
The owner of a deferred annuity normally has the right to do all of the following, EXCEPT:
decide on the annuity starting date, which is the date on which income benefits are scheduled to begin choose or change the income payout option before or after the annuity starting date name the annuitant and beneficiary receive some or all of the cash value in a partial or complete surrender of the contract
All of the following are common types of term life insurance EXCEPT:
decreasing term variable term increasing term level term
Nick suffered from chest pain and shortness of breath for six months before he applied for an individual health insurance policy. He did not seek medical attention. Two months after the policy was issued, he had a major heart attack. What will the insurer do about his claim?
deny it because it involves a pre-existing condition pay it because Nick had never received medical care or treatment for a heart condition pay it because the pre-existing condition exclusion period had ended deny it because Nick should have sought medical care earlier
An agent is using the needs approach to calculate the amount of life insurance that a person should have. What is the agent's first step?
determine the kind of policy that is most appropriate gather and analyze personal information about the prospective customer determine the insured's earnings potential until retirement identify existing insurance policies that may need to be replaced
All the following are types of disability insurance designed exclusively for business owners EXCEPT:
disability buy-out insurance individual disability income insurance key person disability insurance business overhead expense insurance
To a consumer in Texas, an insurance company that is headquartered in Missouri but admitted to do business in Texas is a(n)
domestic insurer foreign insurer alien insurer nonresident insurer
In converting a term life insurance policy to a permanent policy, the premium for the permanent policy is determined on what basis?
either the attained age basis or original age basis attained age basis only original age basis only modified age basis
Elizabeth just became eligible for Medicare on January 1 this year and wants to make sure that she receives outpatient prescription drug coverage. When she asks her agent for advice, he correctly informs her that she must
enroll in Medicare Part D. buy Medicare supplement policy H. buy Medicare supplement policy I. buy Medicare supplement policy J.
Anne, a life insurance applicant, wants to change an answer that she gave on the application. She should do which one of the following?
erase the original entry and enter the correct information have the applicant cross out and initial the incorrect entry cover up the incorrect entry and enter the correct information over it do what is necessary to make the correct information clear to the underwriter
Most of the combination, or "5th," dividend options involve which of the following?
extended-term insurance one-year term life insurance renewable term insurance one-year permanent insurance
A producer who intentionally does not tell an applicant for long-term care insurance that the policy has a cap on the amount of benefits that it will pay so that the applicant will buy the policy thinking it will cover all of her long-term care expenses has committed:
false advertising. misrepresentation defamation coercion
Chris is a licensed life insurance agent. If he wants to sell variable life and annuity products, what else must he have?
federal insurance license state securities registration limited lines license FINRA Series 6 or 7 registration
Adam is an independent agent and solicits policies for several insurers. What kind of relationship does he have with each insurer?
fiduciary dependent presumptive consultant
Bailey owns a participating whole life insurance policy and received a $200 check when Best Insurers declared a dividend this year. How will this dividend payment be treated for income tax purposes?
fully taxable partially taxable partially taxable as capital gain not taxable
Which of the following types of healthcare reimbursement programs is currently available, used with high-deductible health insurance plans, and features tax deductible contributions that accumulate on a tax-free basis?
health savings accounts (HSAs) medical savings accounts (MSAs) individual retirement accounts (IRAs) flexible spending accounts (FSAs)
Pamela owns a fixed deferred annuity that she will annuitize next year when she retires. Which of the following is a key factor in determining the percentage of her monthly annuity payment that will be subject to tax?
her marginal income tax rate the expected return the interest rate credited to the annuity the capital gains tax rate
Comprehensive major medical plans provide a broad range of coverage. They most likely cover all of the following, EXCEPT:
hospital expenses, surgeons' and doctors' fees, and nursing care physical and occupational therapy, diagnostic tests, and lab fees cosmetic surgery, experimental procedures or treatment, and alcohol and drug abuse treatment medical supplies and equipment and ambulatory costs
Which of the following annuities specifies the exact premium payment amounts (and when they must be paid) for the contract to generate the desired future income payments? immediate annuity
immediate annuity deferred annuity fixed premium deferred annuity flexible premium deferred annuity
When Kendra applied for coverage through the Texas Health Insurance Risk Pool, she was being treated for complications from diabetes. If she is issued a policy, the earliest that it will begin paying for expenses that she incurs to treat her diabetes will be
immediately. in 12 months. in six months. in three months.
When determining whether a prospect is an insurable risk for an individual disability income policy, the producer need NOT inquire about the:
location of the prospect's business prospect's medical history prospect's occupation prospect's wages and income
Which type of health coverage pays benefits for the cost of medical care, providing coverage that ranges from limited to broad for all kinds of medical care?
medical expense disability income insurance accidental death and dismemberment insurance specified disease
Most major medical policies have which of the following types of deductibles?
monthly deductibles annual deductibles quarterly deductibles lifetime deductibles
Information that is commonly asked on a health insurance application include all of the following EXCEPT:
names and sex of the persons to be covered by the policy the applicant's opinion regarding the risk of disability or illness occurring medical histories of those to be covered frequency at which premiums to be paid
When classifying insurance risks, insurance underwriters most often use the:
numerical rating system judgment method adverse selection system risk assessment scale
Billy's parents want to buy a juvenile life insurance policy for their son. What could they add to the policy to ensure that the insurance stays in force if a designated parent dies or becomes disabled?
payee benefit rider waiver of premium rider disability income benefit rider payor benefit rider
Access to an HMO's network of doctors and hospitals is controlled by a primary care physician who is sometimes called a:
portal primary contact gatekeeper moderator
The insurance company employee whose primary job is to review applications and determine if the requested policy is issued or declined is called a(n):
producer underwriter actuary claim examiner
The automatic premium loan (APL) provision does which of the following?
provides cash for emergencies and opportunities prevents a life insurance policy from lapsing if the policyowner fails to pay a premium improves the policyowner's credit rating provides liquidity if the insured wants to increase a policy's face amount
Which of the following provisions, found in all major medical insurance policies, states that the insured must pay a certain percentage of the covered costs after the deductible is satisfied?
stop-loss provision carryover credit provision co-insurance provision payment of claims provision
Which of the following most correctly describes the nonforfeiture option(s) available with universal life insurance?
surrender the policy for its cash value or stop paying premiums and continue coverage as long as the cash value will support it cash surrender and extended term options only cash surrender and reduced paid-up options only cash surrender, reduced paid-up, and extended term options
Producers who sell variable annuities must be licensed by:
the Securities Exchange Commission (SEC) only their state's insurance department only the Financial Industry Regulatory Authority (FINRA) only FINRA and their state's insurance department
All of the following must sign life insurance applications, EXCEPT:
the agent the applicant the beneficiary the insured (if not the applicant)
The amount of an employer's annual contribution to a defined benefit plan is determined by which of the following?
the amount of employee contributions to the plan the annuity settlement option selected by plan participants the market performance of the underlying accounts the amount of future benefits provided to retirees through the plan
Medical savings accounts (MSAs) were specifically created for:
the employers of large numbers of employees self-employed people and employees of small employers sole practitioners only all employers who have employees
All the following riders are available with life insurance policies EXCEPT:
the guaranteed insurability rider the accidental death and dismemberment (AD&D) rider the cost-of-living-adjustment rider the guaranteed dividend rider
In which of the following instances is a disability income insurance policy's 'other insurance with other insurers' provision likely to come into play?
the insured has coverage from a state's workers' compensation program an insured has overlapping health insurance plans from one or more previous employers an insured has overlapping health plans from multiple current employers an insured has multiple coverage from individual (privately owned) and group (employer-provided) health plans
In calculating their mortality charges, life insurers today generally use:
the mortality rate of their state of domicile the 2001 CSO table the mortality experience of their past policyowners mortality rates mandated by each state's insurance regulator
The owner of a whole life policy who qualifies for accelerated benefits under the policy's accelerated benefits provision can expect to receive:
the policy's full cash value a return of premiums paid the policy's full death benefit a percentage of (but less than) the policy's death benefit
What rights, if any, does an insured person have in a policy when another person owns the policy?
the right to review the policy the right to change the policy no rights the right to adjust the death benefit
The Texas commissioner of insurance may deny a license application or discipline a license holder if it determines that the applicant has done any of the following EXCEPT
violated a Texas insurance law engaged in the sales practice known as twisting assisted a customer in replacing an existing life insurance policy when selling her a new policy offered to give part of the commission earned on the sale of an insurance policy to a customer as an inducement to buy a policy
If a small employer insurer decides to terminate all small employer health benefit plans it issues in Texas, it must notify the Texas commissioner and all affected employers of its intent to do so at least
within 10 days before it ends coverage no more than 30 days after making the decision to do so within 60 days before it ends coverage at least 180 days before it ends coverage
Bob submits a claim and proof of loss for medical expenses covered by his individual health insurance policy. Under the time of payment of claims provision in his policy, the insurer must pay the claim
within 15 days. within 60 days. within 90 days. immediately.
Kendra is covered by a group long-term disability plan. She is injured on the job and receives benefits under that plan. Which source of income will NOT affect her benefits?
workers' compensation government benefits other disability insurance personal savings
Kate bought a universal life policy with a $200,000 death benefit and chose death benefit option 1. In year five of the policy, she withdrew $50,000 from the policy's cash value. If she dies after withdrawing the $50,000, what will her beneficiary receive?
$50,000 $150,000 $200,000 $250,000
In setting up a viatical settlement, the provider pays the policyowner a lump-sum payment that is typically in the range of:
25 to 50 percent of the policy's cash value 50 to 80 percent of the policy's cash value 25 to 50 percent of the policy's face amount 50 to 80 percent of the policy's face amount
Before revoking an insurer's certificate of authority in Texas, the TDI commissioner must first give the insurer notice of at least
3 days 10 days 20 days 30 days
How much advance notice must the insurer of a group health plan give the sponsor before terminating coverage?
30 days 45 days 60 days 90 days
Fixed annuity death benefits differ from life insurance benefits in what respect?
Annuity benefits can be assigned to only one beneficiary. Annuity benefits are less regulated. Annuity benefits are subject to income tax. Annuity benefits are transferable.
If an employer/employee group offers group life insurance on a contributory basis, what percentage of the group must enroll?
At least 25 percent of the group must enroll in the plan. At least 50 percent of the group must enroll in the plan. At least 75 percent of the group must enroll in the plan . Everyone-100 percent of the group-must enroll in the plan.
Blake has a vision care policy, while Tom has a policy that covers a variety of medical services. Which statement is correct?
Blake owns a limited care policy, while Tom owns a comprehensive policy. Blake owns a critical illness policy, while Tom owns a limited policy. Blake's policy will typically be more expensive than Tom's policy. Blake's policy will provide comprehensive coverage, while Tom's policy will provide limited benefits.
Who does NOT appear to need long-term medical c
Bob, who has Parkinson's disease Lucy, who is recuperating from a severe back sprain George, who develops chronic kidney failure Diane, who is in the late stages of Alzheimer's disease
Under a disability income insurance policy's 'insurance with other insurer' provision, what can Insurer A do if it finds that a disabled policyowner has similar coverage with Insurer B and had not notified Insurer A of this fact?
Company A can cancel its policy. Company A can sue Insurer B to recover excess benefit payments. Company A must pay its policy's full benefit amount Company A will pay a reduced benefit so that the insured's total benefits do not exceed pre-disability income.
How do employers contribute to a medical savings account (MSA)?
Employers can only match employees' contributions. Employers contribute under the same principles that apply to flexible spending accounts. Employers must contribute to MSAs a specific percentage of each participating employee's compensation. Employers can contribute to MSAs under the same principles that apply to health savings accounts.
Adam bought an individual disability income policy with a social insurance supplement (SIS) rider. If he becomes disabled and is eligible for Social Security disability benefits, what will happen?
He will start receiving benefits under the SIS rider when his Social Security disability benefits begin. He will receive benefits under the SIS rider while he is waiting for his Social Security disability benefits to begin. The benefits paid under his SIS rider will continue for no more than six months after he starts receiving Social Security disability benefits. No benefits will be paid under the SIS rider.
All of the following statements about health savings accounts (HSAs) are correct, EXCEPT:
Health savings accounts are available on either an individual or a group basis. If an employer offers an HSA, employees must first have a high-deductible, high-cost insurance plan and set up an HSA account. Group HSAs must be entirely employee-funded. Employers cannot discriminate in any way when making HSA contributions.
The Texas Department of Insurance has found that ABT Insurance has consistently failed to promptly respond to policyholder communications regarding claims. This means that it typically fails to respond within:
15 days 30 days 60 days 90 days
What is the standard life insurance policy suicide exclusion period?
18 months two years three years four years
What happens when a universal life insurance policy's cash value no longer covers the monthly deductions to cover the policy's insurance and operational costs?
The policy goes on the extended term option. The policy goes on the reduced paid-up option. The policy is surrendered for cash. The policy lapses.
The premiums paid for life insurance are tax deductible by the premium payer in all of the following situations EXCEPT:
Abby's Restaurant takes out a life insurance policy on its manager, considering him a key executive, and pays the policy premiums. Doggie Rescue, a qualified charitable organization, now owns a life insurance policy transferred to it by a benefactor who continues to pay the premium. As part of their divorce decree, Randall is required to pay life insurance premiums on Donna, his ex-wife. Harry's employer provides group life insurance to its employees, and the policy premiums are paid by Harry's employer.
Which of the following statements about using testimonials or endorsements by a third party in insurance advertisements is correct?
An advertisement can state or imply that the state or federal government endorses its insurance policies. Testimonials and endorsements generally cannot be used in advertisements. Advertisements containing testimonials or endorsements by third parties must first be approved by the Texas Department of Insurance. Advertisements must state whether a person is being paid for endorsing the insurance product.
All the following statements regarding the automatic premium loan are correct, EXCEPT:
The insurer deducts the automatic premium loan on the first day of the premium payment grace period if the policyowner has not paid by that time. Under the most common automatic premium loan provision, the policy's cash value must be at least equal to the unpaid premium for the automatic premium loan to be made. The insurer can set up the policy so that automatic premium loans cannot pay consecutive premiums. The insurer can set up the policy so that automatic premium loans can pay no more than 12 monthly premiums.
As a collateral assignee, Ned has first claim on the policy for the amount of the assignment. In these cases, what happens to the death benefit if the policyowner dies?
The insurer pays the assignee the balance of the loan still owed out of the death benefit, and the rest of the death benefit goes to the beneficiary. The insurer pays the assignee the entire death benefit. The assignee and beneficiary split the death benefit. The policyowner decides at the time of the assignment how to divide up the death benefit.
With respect to the interest-only life insurance settlement option, what happens to the death benefit proceeds that the insurer was holding upon request by the beneficiary?
The insurer pays the proceeds in a lump sum. The insurer pays the proceeds, either in a lump sum or under one of the other settlement options. The insurer pays the proceeds to the beneficiary. The insurer keeps the interest, thus increasing the death benefit amount.
Under a disability income insurance policy's 'other insurance with other insurer' provision, what must be done with any premiums paid by the policyowner for benefits that are not paid because they exceed the excess coverage limit?
The insurer retains them. The insurer will use them to reduce future premiums. The insurer must return them to the policyowner. The insurer accumulates them as a death benefit payable if the insured dies while the policy is in force.
What happens if a person does not apply for Social Security retirement benefits at age 65 but still wants Medicare?
The person can only apply for Medicare Part B. The person is automatically enrolled in Medicare Part A. The person is automatically dropped from Medicare rolls. The person must enroll in Medicare Part A.
Which of the following statements regarding participating life insurance policies is correct?
They are issued only by stock insurance companies. They are eligible for policy dividends. They distribute dividends to the insurer's stockholders. They guarantee the payment of dividends.
Are group medical expense insurance benefits paid to employees taxable income to the employer who pays the premium?
Yes, employers pay income tax on these benefits. No, benefits paid to an employee are not taxable income to the employer. Yes, both employers and employees pay income tax on these benefits. No, only employees pay income tax on these benefits.
In an absolute assignment, what term is used to describe the new policyowner?
assignor beneficiary insured assignee
Under Section 1035, all of the following tax-free exchanges are allowed, EXCEPT:
a life insurance policy for another life insurance policy an endowment policy for another endowment policy a life insurance policy for an annuity an annuity for a life insurance policy
Abby, who lives in New Mexico where she is a licensed life insurance agent, wants to apply for a nonresident license in Texas. To do so, she must submit which of the following to TDI?
a set of her fingerprints a copy of her criminal history records an application, fee and letter of certification from her home state proof that she has completed an insurance prelicense education course
While traditional major medical policies control costs through deductibles and coinsurance, HMOs control costs by imposing:
a small co-payment for each doctor visit or health service a 20 percent deductible for health care provided in their networks and a $50 to $90 co-payment for each doctor visit or health service. minimal deductibles for health care provided in their networks and no co-payments for doctor visits or health services no deductibles for health care provided in their networks and 80 percent co-payments for each doctor visit or health service
When Matthew met with a potential client, he used a life insurance illustration to show how the policy's cash value would grow over the client's lifetime. Matthew could include all of the following in the illustration without violating Texas regulations EXCEPT
a statement that the policy is a type of investment and savings plan. the underwriting information on which the illustration is based. the amount of guaranteed death benefits and surrender values. the initial death benefit and generic name of the policy.
Under Texas law, an individual life insurance policy may, but is NOT required to contain a(n):
accelerated benefit provision. incontestability provision reinstatement provision grace period
Long-term care insurance is NOT designed to cover:
adult day-care services and residential community living services health care services for the poor respite care services (providing temporary respite for a family member who has assumed caregiving responsibilities) nursing home services and home health-care services
The Fair Credit Reporting Act is primarily intended to:
allow insurers to create a clearinghouse of underwriting data collected on applicants with high risk factors provide a process by which insurers and their producers can request medical exams and lab tests on insurance applicants regulate the use and disclosure of consumer credit information list situations where an insurer may decline coverage based on an applicant's race, gender or sexual orientation
Increasing term insurance has which of the following?
an increasing premium and an increasing death benefit an increasing premium and a level death benefit a level premium and a level death benefit a level premium and an increasing death benefit
Stacey is a captive agent for Best Rates Insurance Company. Her agency contract gives her permission to print and use business cards with the company's logo and submit applications for its policies. Which type of authority does Stacey have to take these actions?
apparent express implied imputed
Which is considered a pre-paid health plan?
basic medical expense policy accidental death and dismemberment plan preferred provider organization medical expense plan
If the Alpha-Omega Corporation wants to provide life insurance for all its full-time employees, it will most likely buy which of the following?
business life insurance whole life insurance group life insurance term life insurance
Dave owns a small business. He wants disability coverage that would pay routine business expenses if he is unable to work. What kind of insurance would suit this need?
business overhead expense insurance small business insurance entity buy-sell insurance workers' compensation