Type of long-term care policies Triggers to become eligible for benefits Exclusions

Q: When a life insurance policy lapses, it: a. benefits the insured b. benefits neither the insurer nor…

A: When insured person fails to pay the premium on insurance than it is said that policy has lapsed and…

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: Compare whole-life and term insurance.

A: Insurance is a legal agreement between an insurer (insurance company) and an insured person.

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: Which of the following stalements is required by Long- Term care insurers when referring lo…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: What is meant by the expression, “The policyholder gets the benefit of the doubt,” in connection…

A: All insurance policies favour the insured person if there is any doubt etc benefits of doubt is…

Q: In what ways do healthcare benefits for retirees vary from pensions?

A: This question tells about healthcare benefits for retirees vary from pensions

Q: A policy which runs for a fixed period or up to a particular age of the insured is called_

A: Insurance business is a type of business in which one company provides assurance to another company…

Q: What type of life insurance is the most appropriate when purchasing life insurance today? Explain

A: In life insurance is protection against death of persons for family behind So this is very important…

Q: in insurance terminologies this means that a life insurance policy has been paid and active?

A: In insurance terminology premium means that a life insurance policy has been paid and active.

Q: Explain the differences between a collision deductible and a health insurance deductible

A: Collision insurance is usually done for vehicles and covers collision with other vehicle, or…

Q: Describe the nature of postretirement benefit plans other than pensions and identify the…

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: Which of the following is not an insurance management tool? Group of answer choices deductibles.…

A: Insurance management: Insurance Management is the administration of all insurance requirements, both…

Q: risk" factor

A: Risk is a term that shows the possibility of injury or loss to the health, business, vehicle, etc.…

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: The Patient Protection and Affordable Care Act limits the extent to which insurers may consider age…

A: Insurance is an agreement between two parties in which one party (insurance company) agrees to…

Q: The policy holder who receives the coverage is called O a. Premium O b. Insured O. Face value O d.…

A: Insurance is a term used for the security provided in monetary terms by an insurance company to a…

Q: Briefly explain the following characteristics of long-term care insurance. Protection against…

A: In long-term care insurance plans there are many approaches to obtain inflation insurance cover. The…

Q: Discuss how benefits of insurance has sustained the insurance industry to date

A: Insurance is an arrangement under which a person or agency receives financial security or…

Q: Give the formula for computing a deduction for group health insuranc

A: Group health insurance policy can be defined as the policy which covers all employees of the…

Q: Describe the Investments in Life Insurance Policies.

A: Life Insurance policies are to provide financial support to the beneficiaries and dependents after…

Q: Insuring clause in an Accident & Health policy states which of the following information? A. The…

A: There are different clause in the insurance policy that what is covered and what is not covered and…

Q: What are the rights provided by the general health insurance

A: Health insurance are very common now days due to increased risk of disease in  health insurance you…

Q: tell me why the use of reinsurance contributes to the solvency of the ceding insurer.

A: By ceding a portion of their risk, ceding companies reduce their overall risk exposure and…

Q: What are the differences between an insurance agent and an insurance broker? Discuss.

A: Insurance brokers are individuals that sells, buy or negotiate variety of financial products that…

Q: Discuss the potential for adverse selection when insureds exercise the renewability or…

A: In the insurance industry, adverse selection refers to situations in which an insurance company…

Q: What will making a prepayment for insurance have the effect of?

A: The insurance paid in advance means the expense has been paid but it is not due yet.

Q: What are the major differences between post-retirement healthcare benefits and pension benefits?

A: For the benefits of pension, it is fixed with the contract terms and only the term is not known. And…

Q: Which of the following statements about prepaid insurance is true?

A: Prepaid insurance is a current asset which is created when the insurance paid comprises of a portion…

Q: Which of the following statements about life insurance is NOT accurate? a) permanent insurance puts…

A: Permanent life insurance is the insurance policy that covers the whole life whereas term life…

Q: Please give and explain the numerical example of adverse selection that arises in life insurance…

A: In Insurance adverse selection refers to situations in which an insurance company extends insurance…

Q: Discuss in a report of , the following points:       1- Concept and types of insurance with a…

A: Insurance is basically a contract between two parties in which one party called insurance company…

Q: Which type of life insurance allows for flexible premium payments? Term life insurance Universal…

A: Flexible premiums ensure adjustments in the premiums which are beneficial for the insurance policy…