Accelerated benefits Study guides, Class notes & Summaries

Accelerated Benefits - Answer- Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accident - Answer- An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - Answer- A type of insurance that protects the insured against loss due to accidental bodily injury. Accidental Bodily Injury - Answer- Unplanned, unforeseen traumatic injury to the body. Accidental Death an...

Arkansas Life Insurance Exam Terms Latest Updated 2024/2025 Accelerated Benefits - Correct Answer Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - Correct Answer A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - Correct Answer An insurance policy that provides ...

NY Life Insurance Exam Review, Questions and answers, 2022/2023. Rated A Based on the Human Life Value Approach, which of the following is NOT used to calculate an individual's life value? A. Insured's annual expenses B. Effect of inflation on income over time C. Predicted needs of the family after the insured's death D. Insured's current and future income - C. Predicted needs of the family after the insured's death. The Human Life Value Approach to determining the value of an individual's...

According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) - correct answer B.) Prior utilization A provision in some group life insurance plans that provides for the payment of all or part of the death benefit...

Primerica UCanPass Practice 2023 Questions and Answers with complete solution 401 K Plan A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit Policy provision that allows full or partial ...

Equipment Lease - Correct answer-A transaction in which use and posession but not title to tangible property, is transfered for consideration. Section 38 Property - Correct answer-IRS (tax) defines personal property that can be leased as depreciable property. Third Party Leasing - Correct answer-Unrelated Maufacturer, Dealer or Broker, the independent lessor and the lessee. Balance sheet (Op Lease) - Correct answer-Includes Assets C ash A sset T otal assets Liabilities S ecurity dep...

Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Idaho Life Insurance Exam Questions and Answers 100% Correct Accelerated Benefits - ANSWER-Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWER-A policy rider that states that ...

Delaware Life Insurance Exam Terms Latest Updated 2024/2025 Accelerated Benefits - Correct Answers Riders attached to life insurance policies which allow death benefits to be used to cover nursing home expenses or convalescent home expenses Accidental Death Benefits - Correct Answers A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death Accidental Death Insurance - Correct Answers An insurance policy...

Absolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of the debt, even though the assignment is absolute in form. (See assignment) Accelerated benefits rider - ANSWER A life insurance rider that allows for the early payment of some portion of the pol...

Accelerated Benefits - ANSWER Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Bodily Injury - ANSWER Unplanned, unforeseen traumatic injury to the body Accidental Death Benefits -...