Which Best Describes the Purpose of Insurance for the Insured

Which of the following best describes term life insurance. It waives the insureds premiums if the insured is totally disabled before a specified age.

The Simple Secret To Getting More Opportunities At Work Forbes Marketing Leadership

What will the insurer require in order for the insured to continue coverage.

. In three years the truck is worth 28000 - 28000 48 14560 User. Private health insurance currently covers a little more than half of the US. Representations are written or oral statements made by the applicant which.

Which of the following best describes the purpose of the MIB. Premiums that can only be paid from a single source. The insured must remain in the same direction.

In the event of a total loss the face of the policy would be paid. Life insurance is a contract in which an insurer in exchange for a premium guarantees payment to an insureds beneficiaries when the insured dies. The insured pays the premium until his or her death.

The MIB allows an insurer to check application information against the health history of the proposed insured Except in cases of fraud what life insurance policy provisions limits an insurer to contest application information for the initial two years of the contract. Whish of the following is intended. The insured pays a premium for a specified number of years.

An insured receives an annual life insurance dividend check. The insured can borrow or collect the cash value of the policy. Marlin Davis buys a truck for 28000.

Which of the following best describes term life insurance. A life insurance policys contingent beneficiary is the a. The function of insurance is to safeguard against financial loss by having the losses of few paid by the contributions of many who are exposed to the same risk.

What term best describes this arrangement. Primary person who receives the death benefits if the insured dies. Protect against the premature death of the insured d.

There are many factors that influence the price that you pay for insurance. Whole Life Insurance plans offer lifelong cover. The insured pays the premium until his or her death.

Which of the following best describes term life insurance. A popular rider is the childrens term rider. Private health insurance refers to health insurance plans marketed by the private health insurance industry as opposed to government-run insurance programs.

In insurance matter of contracts the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. The main role of accident and health and disability insurance is to a. This preview shows page 9 - 11 out of 25 pages.

Protect against on-the-job injuries and illnesses b. How much is the truck worth in three years. This is example of what kind of contract.

More The Ups and Downs of Insurance Coverage. Which of the following best describes the function of insurance. The insured pays a premium for a specified number of years.

An insured age 67 is covered under a disability income policy. The insured pays a premium for a specified number of years. Log in for more information.

Which of the following best describes the concept that the insured pays a. The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. Called insurance premiums and the insurance company agrees to pay for losses under certain carefully defined circumstances.

The insured is covered during his or her entire lifetime. Insured only carried 75 of insur. The correct answer is.

The insured can borrow or collect the cash value of the policy. In three yearsthe truck depreciates 48 in value. The proposed insured makes the premium payment on a new insurance policy.

Private health insurance includes employer-sponsored plans which cover about half of the American. A Accumulation at Interest An accumulation option is a policy featureof permanent life insurance that reinvests dividends back into the. The insured is covered during his or her entire lifetime.

The insured pays a premium for a specified number of years. Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice injury or negligence. Which statement best describes a single premium whole life policy.

Riders covering additional insureds can be added to life policies. The insured must submit to a physical examination on annual basis b. He agreed to carry 120000 of the agreed 160000 the insurer pays only 75 of the loss or 30000.

The insured pays the premium until his or her death. The following best describes term life insurance. Are considered true to the best of the applicants knowledge.

Added 2 minutes 4 seconds ago4142022 122500 PM. When the insured died the cash value was 15000 and the total premiums-paid equaled 10000. With WHOLE LIFE insurance the insured agrees to pay a specific premium each year until deathUser.

Based on the nature of the product whole life insurance plans can also serve as a mode of savings for retirement or asset creation or even work as a pure protection plan. They are characterised by levelled premiums throughout the insureds life. Which of the following best describes an insurance company that has been formed under the laws of this state.

Protect against medical care costs and the loss of earning power c. If the insured should die the insurer will pay the death benefit to the beneficiary if the policy is approved. The insured must be actively at work for a specified number of hours per week c.

The insured is covered during his or her entire lifetime. In this module we will discuss these factors to help you get the best protection for your insurance dollars. If the insured had carried the required amount of insurance partial losses would be pd in full.

The insured can borrow or collect the cash value of the policy. 52 an insured receives an annual life insurance.

Sample Letter Format For Surrender Of Life Insurance Policy Life Insurance Policy Insurance Policy Lettering

Sample Letter Format For Surrender Of Life Insurance Policy Life Insurance Policy Insurance Policy Lettering