Which of the following stalements is CORRECT about an individual Disability Income policy? A.Its benefils are taxable B.It is considered to be a Reimbursement policy C.It often contains an Elimination period. D.It has a six-month Inconlestable clause
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Which of the following stalements is CORRECT about an individual Disability Income policy?
A.Its benefils are taxable
B.It is considered to be a Reimbursement policy
C.It often contains an Elimination period.
D.It has a six-month Inconlestable clause
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- The Time of Payment of Claims provision requires that an insurance company pay Disability Income benefits no less frequently than. A.annually B.semiannually C.quarterly D.monthlyExplain the purpose of insurance. If a mother purchases health insurance for her and her four (4) children, who is the policyholder, and who is (are) the beneficiaries?Ma3. what is the percentage for which the CARES act provision allows an exception to early withdraweal tax for a coronavirus-related distribution (CRD),from a qualified retirement plan, a 403(b) plan, or an IRA? 10%,20%, 15%,or 30%
- A9. Explain, why only non-matching grants only result in income effects?what recommendations would you make regarding the benefits plan for the next year (consider both financial and non-financial considerations. what would be at least 2 benefits that would need to be eliminated or reduced. Benefit Employee Ranking (1- highest, 10 lowest) Cost (1 - highest, 10 -lowest) Utilization Rates Comments Health Insurance 1 1 76% Dental Insurnace 3 4 72% Vision Insurance 5 5 40% Life Insurance 9 9 100% Employer paid at a base benefit Long-Term Disability 8 6 100% Employer paid at a base benefit Short-Term Disability 7 2 67% 401k 4 3 80% Paid Time Off 2 10 100% All employees are full-time, elgible Employee Assistance Program 6 7 1% Tuition Reimbursement 10 8 2%How does Health Service Organization (HSO) control patient costs? What is the percentage breakdown for reimbursement in HSO? How is your HSO addressing Coronavirus disease (COVID-19) challenges, including financial viability during the pandemic? How is the current inflation crisis affecting the healthcare supply chain bottleneck, patient care, and your HSO's finances?
- A provision included in group disability income contracts bul NOT included in an individual disability income contract is the: A.entire contract provision B.rehabilitation provision C.probationary period D.cost of living adjustmentTo keep a Renewable Term policy active, the insured must do which of the following?A. Submit a renewal application B.Provide proof of insurability C. Pay the annual renewal fee D. Choose a new beneficiary.Which of he following provisions of an individual Accident and Heallh policy allows for nonpayment of premiums in lhe event of the insured's total disability? A.Grace Period B.Elimination Period C.Waiver of Premium D.Return of Premium