Life, Accident, And Health Insurance Exam
What does annuity protect the annuitant against
Living Longer Than Expected
An individual buys a disability policy May 1 with a waiver of premium rider. Insured becomes disabled June 1. The insured is deemed "completely disabled" July 1. He receives his first benefit payment July 15. When did the waiver of premium provision start?
June 1 - Provision is retroactive to the date of disability once waiting period is satisfied.
What must states do after the death of a person who received Medicaid benefits, according to the Medicaid Estate Recovery Act?
Seek repayment of funds that were paid
Which of the following is not a Medicaid qualifier
Insurability
Which of the following used to be called Medicare + Choice Plans
Medicare Advantage Plan
Which of the following is a correct statement about annuities?
Fixed annuities do not provide protection against inflation!