more insurance
Once the person meets the stringent requirements for disability benefits, how long is the waiting period under Social Security before any benefits will be paid?
5 months
Employers can reduce health plan costs by coupling a HRA with
a high deductible health plan
assuming that all of the following people are covered by a high deductible health plan and are not claimed as dependents on anyones tax returns which would not be eligible for a health savings account
amanda is 67 and is covered by a basic medical expense policy
which of the following best describes fixed-period settlement option
both the principal and interest will be liquidated over a selected period of time
Which nonforfeiture option has the highest amount of insurance protection?
extended term
An insured becomes disabled at age 22 and can no longer work. She meets the definition of total disability under Social Security. What other requirement must the insured have met to receive Social Security disability benefits?
have accumulated 6 work credits in the past 3 years
a lucky individual won the state lottery, so the state will be sending him a check each month for the next 25 years. what type of annuity products are they likely to use to provide benefits
immediate annuity
regarding long term care coverage, as the elimination period gets shorter, the premium
increases
The section of a health policy that states the causes of eligible loss under which an insured is assumed to be disabled is the
insuring clause
which is not a benefit of a pos plan
it allows guaranteed acceptance of all applicants
which of the following statements is not true concerning medicaid - it is a state program - it is funded by state and federal taxes - it is intended provided medical assistance for certain categories of people who are needy
it has 3 parts: - part a: hospitalization - part b: doctors services - part c: Disability income
which of the following best described annually renewable term insurance
it is level term insurance
the premium of a survivorship life policy compared with that of a joint life policy would be
lower
which part of an insurance application would contain information regarding the cause of death of the applicants deceased relatives
medical information
which of the following allows the insurer relieve a minor insured from premium payments if the minors parents have died or become disabled
payor benefit
An insured will be allowed to reactivate her lapsed life insurance policy if action is taken within a certain period of time, and proof of insurability. which policy provision allow this?
reinstatement provision
a producer is helping a married couple determine the financial needs of their children in the event on or both of them should die prematurely. this is a personal use of life insurance known as
survivor protection
which of the following is not true regarding the annuitant - the annuitant must be a natural person - the annuitants life expectancy is taken into consideration for the annuity - the annuitant receives the annuity benefits
the annuitant can not be the same as the annuity owner
which of the following is not the consideration in a policy - something of value exchanged between parties - the premium amount paid at the time of application - the promise to pay covered losses
the application given to a prospective insured
the annuitant dies while the annuity is still in the accumulation stage. which of the following is true
the beneficiary will receive the greater of the money paid into the annuity or the cash value
all of the following statements are true regarding installments for a fixed amount except - this option pays a specific amount until the funds are exhausted - the annuitant may select how big the payments will be - value of the account and future earnings will determine the time period for the benefits
the payments will stop when the annuitant dies
Why should the producer personally deliver the policy when the first premium has already been paid?
to help the insured understand all aspects of the contract