A "waiver-of-premium" clause: Select one: a. allows the person to purchase additional insurance at no extra cost O b. means the insured will receive the cash value immediately allows an insurance agent to pay your premiums d. waives the suicide clause O e. pays premiums in the event of illness or disability C.

A "waiver-of-premium" clause: Select one: a. allows the person to purchase additional insurance at no extra cost O b. means the insured will receive the cash value immediately allows an insurance agent to pay your premiums d. waives the suicide clause O e. pays premiums in the event of illness or disability C.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

John Jones buys a renewable, convertible, nonparticipating term insurance policy. Explain the precise meaning of each of the italicized words.
The 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
When compleling an insurance applicalion, a producer should A. complete as much of the application as possible before meeting wilh the applicant to save lime B. request that the applicant review he completed application before signing it C. avoid asking the applicant questions on he application which may be embarrassing D. omit informalion from lhe application which may cause the application to be rejected by the insurance company
Which of the following would not be an appropriate subaccount for an Insurance Expense Account? Multiple Choice Auto Insurance Expense. Liability Insurance Expense. Rent Expense. Renter Insurance Expense.
Which type of insurance has no cash value? Term life insurance Universal life insurance Variable life insurance O All of the above have cash values
A Quick Response will be appreciated
Which is Idemenity Plan and which is Managed Care Plan? Insureds create contract with an insurer who does not provide health care services The higher the deductible, the lower the premium Insured receive health care services from a designated group of providers May not even involve an insurance company No annual deduction is incurred, but a small co-payment may be required I most value the freedom of choice and am willing to pay for it. Cost is my most important consideration. I’d rather have the flexibility of either having the insurance company reimburse me or directly paying the health care provider.
Name a peril that is often excluded from an home or auto insurance policy. Why is the peril included in an insurance policy
Question 4: Of the cafeteria plans listed, which is NOT a voluntary nontaxable deduction? Answer: A. O Medicare В. O Group-term life insurance С. O Medical care reimbursements D. O Adoption assistance
An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. Now assume the consumer is part of a partial insurance plan with a coinsurance provision. Her insurance pays 50% of all medical expenses. Consider again the relationship between PL and PP and plot a coinsurance plan demand curve in PL - Q space. Label this curve D3. Finally, assume the consumer is part of a partial insurance plan with a copayment provision. Her insurance pays all expenses above and beyond her copayment of $25 for each unit of Q. Consider again the relationship between PL and PP and plot a copayment-plan demand curve in PL - Q space. Label this curve D4.
Traditional indemnity policies reimburse the insured based on the [amount charged | usual, customary, and reasonable (UCR) charges] for the medical services received. a. amount charged b. usual, customary, and resonable (UCR) charges
Under the revised Annuity Suitability Model Regulation, all obligations to meet the consumer best interest standard and ensure that a consumer's financial needs and objectives are addressed now fall to the producer. Insurers have no obligations or practice standards under the new regulation. A.True b. False

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