Q: Group of answer choices a. type of care
A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…
Q: 15. Which of the following does not belong to the main products of life insurance? * O A. Endowment…
A: Insurance is a financial mechanism that protects an insured asset from any type of risk. There are…
Q: How does Life and Non Life Insurance can save or protect the assets of its policy holders? Cite at…
A: Life Insurance and Non-Life Insurance are the policies provided to the policyholders for protecting…
Q: Describe how an unrelated tenant in common or joint tenant should protect him- or herself from…
A: Please find the answer to the above question below:
Q: In what circumstance would a property insurance claim be rejected?
A: An insurance claim is a written request for coverage or compensation from an insurance company for a…
Q: what type of insurance would i need if i went to the hospital
A: Medical expenses mean those expenses which are incurred by the people for the medical treatment.
Q: What does COBRA status allow you to do? O apply for health insurance as an individual O add more…
A: COBRA stands for Consolidated Omnibus Budget Reconciliation Act. is a health insurance program that…
Q: Losses due to destruction of personal property are covered by (choose the best answer) Personal…
A: Personal insurance : It is the insurance against risk or person's life , health etc. Life insurance…
Q: How much life insurance does an individual need?
A: Meaning of life insurance:life insurance is nothing but a contract between insurance company and…
Q: e insurance company's compensation
A: Insurance compensation is the amount received by the insured from the insurance company for the…
Q: IS' and IH' are income when sick and healthy, respectively, when covered with health insurance, Full…
A: Full insurance usually suitable for those companies and individuals with a highly risk-averse…
Q: When can a gift causa mortis be voided?
A: Gift causa mortis is a gift of personal property and this gift the underlying belief or expectation…
Q: Which of the following is not a true statement?a. Testate refers to a person having a valid will.b.…
A: Testate means a person who has died and has a valid will to be executed Whereas, Intestate means a…
Q: When planning life insurance coverage, you should differentiate between ongoing expenses and…
A: The question is based on the concept used in planning life insurance coverage, Life insurance policy…
Q: If the insured outlived the life insurance policy, the proceeds shall be taxable to the beneficiary…
A: If the insured outlived the life insurance policy, he/she will get his/her premium back, this…
Q: The least expensive form of whole life insurance protection is: A. limited payment. B. term. C.…
A: Whole life insurance or straight life insurance protects the life of the covered. Both life…
Q: After the expiry of the policy period On the death of the insured or on the expiry of policy period…
A: Insurance means where insurance company agree to pay the specified amount to insured person in case…
Q: Explain the differences between a collision deductible and a health insurance deductible. In health…
A: Health insurance deductible refers to the amount paid by the insurer from his/her own resource…
Q: a. Identify and explain the basic perils insured under a Standard Fire Policy. Name any three extra…
A: a. Standard fire insurance policy is the policy that is taken by the insured to cover the losses…
Q: The period of time al the beginning of a disability during which no benefils are payable is known as…
A: In long-term care and disability insurance is the insurance used to protect an individual's…
Q: What is a contractual adjustment? How does a health care organization account for a contractual…
A:
Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…
A: The answer for the multiple choice question and relevant explanation are presented hereunder :
Q: An application for an individual Disability Income policy may require all of he following…
A: Disability income policy is an insurance policy which protects the insured against loss of monthly…
Q: The following are payment components of the RVU except: A) Malpractice expenses B) Physician's…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
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A: Health insurance are very common now days due to increased risk of disease in health insurance you…
Q: The following are excluded from gross income, except: a. Proceeds of life insurance policy received…
A: Gross Income Gross income refers to the income of an individual which comprises income from wages…
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A: In this question we need to choose the correct answer from the options given for the given…
Q: is taxable? A. Proceeds of life insurance received by heirs B. Excess amount received over…
A: Taxable income: Taxable income is the income which are subject to payment of taxes. Therefore, any…
Q: 3. It is a fund for work-connected injury, sickness, disability and death with cash income benefit,…
A: EC is the aims to assist workers who suffer work-connected sickness or injury resulting in…
Q: life insurance proceeds paid to a beneficiary because of the insured's death is taxable. true or…
A: False
Q: In Property and Casualty insurance when must an Insurable interest exist? O a. At the Start of the…
A: Life insurance covers the risk of life of insured. Non-life insurance may cover people, property or…
Q: e insurance and non life insurance saves the assets of its pilicy ho
A: Life insurance and nonlife insurance are two different category of insurance schemes.
Q: Which of the following life insurance proceeds is not included in the gross estate of the deceased?…
A: Following are excluded from Gross Estate: Property owned solely by the decedent's spouse or other…
Q: Which of the following methods will NOT achieve the client's goal of distributing property at death…
A: In case of death of person it is necessary to transfer the wealth to the proper person for that…
Q: urvivorship
A: A life insurance policy refers to the contract between a person and the insurance company. An…
Q: Identify the differences between pensions and postretirement healthcare benefits.
A: Both pension funds and post retirement healthcare benefits accrue to an employee after his/her…
Q: Which expenses are associated with the risk of disability?
A: Disability refers to being abnormal from others i.e the person is incapable in a or few aspects from…
Q: What is a remainderman? Choose the correct.a. A beneficiary that receives the principal left in an…
A: Remainderman refers to a beneficiary who is entitled or has a right to inherit the property only…
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- Which of Ike following statements is CORRECT about he Missialement of Age provision in a health policy? A.Il is not an oplional provision. B.It allows an insurance company to adjust the levels of policy benefits for an insured who misslated his age. C.It limits the time wilhin which an insurance company may conlest a claim on the basis of misstatement of age. D.It always voids the contractWhich type of insurance is not deductible as self-employed health insurance? a. Long-term care insurance O b. Medical insurance Oc. Disability insurance Od. Dental insurance Oe. Spousal medical insuranceWhen a life insurance policy lapses, it: a. benefits the insured b. benefits neither the insurer nor the insured. c. benefits the insurer d. benefits both the insurer and the insured
- The following are excluded from gross income, except: a. Proceeds of life insurance policy received by the beneficiary upon death of insured b. Compensation for injuries, sickness, or death c. Amount received by the insured in excess of the premiums paid d. None of the aboveWhen planning life insurance coverage, you should differentiate between ongoing expenses and expenses that are considered "one-time". a) True b) FalseIf a term life insurance policy isconvertible, it can be: Question38 options: a) revised as neededby the insurer. b) transferred tothe life of another person in thefuture. c) changed to health ordisability protection. d)exchanged for cash in the future.e) changed to a comparablewhole life policy in the future.
- Briefly explain the following life insurance contractual provisions. Suicide clause Grace period Reinstatement clauseBriefly explain the following characteristics of long-term care insurance. Type of long-term care policies Triggers to become eligible for benefits Exclusions Protection against inflationThe Insuring clause in an Accident & Health policy states which of the following information? A. The insured's obligations B. The insurance company's obligations C. The risks excluded from coverage D. The cost of the coverage
- Which of the following statements regarding the Patient Protection and Affordable Care Act (ACA) is true? Group of answer choices a. The ACA eliminates lifetime limits on total health care insurance payments by insurers. b. The ACA limits the total number of surgeries for the insurers. c. The ACA requires employers to reimburse the cost of hospital stays of the insured. d. The ACA decides the insurance payments for dependents. e. The ACA provides major medical insurance with low deductibles to protect against catastrophic illnesses.Certain Accident Benefits limits under O.A.P. 1 Owner's Policy can be increased or extended at the option of the insured. Which one (1) of the following benefits CANNOT be changed? Death and Funeral Benefits. Income Replacement Benefit. Caregiver Benefit for Catastrophic Injuries. Disability Benefit after Age 65.Should a liability be recorded for risk of loss due to lack of insurance coverage? Discuss.