Which of the Following Is Not a Benefit of Insurance
Which of the following benefits have not been provided under the EmployeesState Insurance Act 1948. In which of the following scenarios would the disability insurance benefits not be taxable if the individual were to be disabled.
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D You will always need life insurance.
. Which of the following is NOT a reason employee benefits are important. Pays a death benefit as a result of natural causes b. Which of the following does a policyowner NOT have a right to change.
Which of the following benefits have not been provided under the Employees State Insurance Act 1948. Old-age insurance benefits b. 15 Define disability insurance and give the common sources of it.
Risk is a known event. C There is no difference between term and cash value life insurance. A policyowner who is not the insured.
The Principal can spend less monitoring and share some of this savings with the Agent. C Reduction of Premium. A Payment mode B Dividend option C Dividend schedule.
If you want to purchase term insurance you will receive all of the following except A. Emergency evacuation c temporary disability d medical expenses. All of the following are business uses of life insurance EXCEPT.
Funding business continuation agreements 3. The concept of insurance is risk distribution among a group of people. A benefit during the period it covers such as 1 5 10 or 20 years.
To ensure the proper functioning of an insurance contract the insurer and the insured have to uphold the 7 principles of Insurances mentioned below. It is generally available to replace most of your monthly income when you become disabled due to injury or illness. Covers the loss of income from a disability c.
B Cash value insurance is normally for life and is more expensive than term life insurance because it funds a savings plan. Pays for hospice in the event of a terminal illness. A Term life insurance should be avoided because the policy will expire and it has no savings plan built into it.
Risk is transferred in an insurance transaction B. Short-term disability caused by a. Normally has a deductible and coinsurance covers an illness but not an accident pays for lost wages while hospitalized has lower benefit limits than Major Medical insurance Which of the following is NOT a limited benefit plan.
Some borrowers may be able to get loan only because the contract reassures the lender of repayment. Economics questions and answers. Disability insurance is earning-power insurance for anyone who relies on income from a job for financial support.
A company car cell phone and credit card are examples of which of the following. Which one of the following is not benefits of purchasing personal accident insurance a accidental death. Protection against loss of life for a specified term.
An employee purchased disability insurance as a part of a group plan using after-tax dollars. Covers the cost of medical care as a result of an accident d. Insurance provides a known benefit against an unknown event D.
Which of the following items is NOT a benefit of standard insurance policies. Health flashcards containing study terms like Basic Medical Expense insurance. Which of the following is NOT a benefit of an incentive compatible contract.
Workers Comp provides benefits when the disability is work-related. You are the new education coordinator for your facility and you have been tasked with writing an article for an industry. Funding against general company financial loss 4.
Which of the following is a benefit Social Security does not offer. A Extended Term Insurance B Cash Surrender C Reduction of Premium D Reduced Paid-Up Insurance. Which of the following is NOT a function of accident and health insurance.
Funding against financial loss caused by the death of a key employee 2. If the insured is confined in a nursing home for 40 days following a heart attack the maximum benefits payable will be. Emergency evacuation c which one of the following is not benefits of purchasing personal accident insurance a accidental death.
Which of the following is NOT a benefit covered under Social Security insurance. An employer pays 60 of the premium for disability insurance and the employee pays the remaining 40. Help employees increase their worth.
All of the following are considered to be nonforfeiture options available to a policyowner EXCEPT. The most common include guaranteed insurability accidental death waiver of premium family income benefit accelerated death benefit child term long-term care and return of premium riders. Hence cooperation becomes the basic principle of insurance.
Litigation should be reduced as policy meaning becomes understood smaller insurers can offer cheaper insurance than larger companies if standard policies are used consumers are more likely to learn the meaning of standard policies. A policyowner who is not the insured. Car drivers may get a lower insurance premium because of a larger deductible.
High Cost of Care Participate in the Online Discussion - Choose one 1 of the following topics and describe its role in Q. Start studying the Chapter 3. Which of the following is NOT part of the big four benefits.
An insured has purchased LTC coverage with a 30-day elimination period a maximum daily benefit of 100 for confinement and a maximum benefit period of 3 years. Cancer policies life insurance policies dental. Speculative risk involves the chance for loss or gain C.
Paid time off insurance and retirement are examples of which of the following. All of the following regarding risk are true except.
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