Josie meets with Adonis, an insurance agent, to review her life insurance needs. Adonis suggests that Josie purchase a $250,000 renewable term insurance policy with a child coverage rider to insure her two young children. Josie would like to know more information about this rider. Which of the following explanations could be a part of Adonis's CORRECT response? Select one correct answer from the list If Josie adopts a child in the future, she will have to show proof of insurability for the adopted child. 2. If Josie gives birth to a new baby, the baby will automatically be added to the policy. If Josie wants to add a new child to the policy, the premiums will remain the same. 1. 3. 4 Josie can set the death benefit for the children's rider to any amount. 0 0 0 0 Five years ago, Andrea's application for a 20-year term insurance policy was declined because she was a regular cocaine user and a frequent skydiver. Today, she still uses cocaine occasionally but only skydives a few times a year. She meets with Mykos, an insurance agent, to purchase a life insurance policy. Mykos encourages Andrea to answer all the questions honestly because even if she doesn't, the insurer will be able to obtain this information. Where will the insurer obtain information about Andrea's activities? Select one correct answer from the list 1. Attending physician's statement (APS). 2. Medical exam. 3. Inspection report. 4. Medical Information Bureau (MIB). ΟΟΟ
Josie meets with Adonis, an insurance agent, to review her life insurance needs. Adonis suggests that Josie purchase a $250,000 renewable term insurance policy with a child coverage rider to insure her two young children. Josie would like to know more information about this rider. Which of the following explanations could be a part of Adonis's CORRECT response? Select one correct answer from the list If Josie adopts a child in the future, she will have to show proof of insurability for the adopted child. 2. If Josie gives birth to a new baby, the baby will automatically be added to the policy. If Josie wants to add a new child to the policy, the premiums will remain the same. 1. 3. 4 Josie can set the death benefit for the children's rider to any amount. 0 0 0 0 Five years ago, Andrea's application for a 20-year term insurance policy was declined because she was a regular cocaine user and a frequent skydiver. Today, she still uses cocaine occasionally but only skydives a few times a year. She meets with Mykos, an insurance agent, to purchase a life insurance policy. Mykos encourages Andrea to answer all the questions honestly because even if she doesn't, the insurer will be able to obtain this information. Where will the insurer obtain information about Andrea's activities? Select one correct answer from the list 1. Attending physician's statement (APS). 2. Medical exam. 3. Inspection report. 4. Medical Information Bureau (MIB). ΟΟΟ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
6
Transcribed Image Text:Josie meets with Adonis, an insurance agent, to review her life insurance needs. Adonis suggests that
Josie purchase a $250,000 renewable term insurance policy with a child coverage rider to insure her
two young children. Josie would like to know more information about this rider.
Which of the following explanations could be a part of Adonis's CORRECT response?
Select one correct answer from the list
If Josie adopts a child in the future, she will have to show proof of insurability for the adopted child.
2. If Josie gives birth to a new baby, the baby will automatically be added to the policy.
If Josie wants to add a new child to the policy, the premiums will remain the same.
1.
3.
4 Josie can set the death benefit for the children's rider to any amount.
0 0 0 0
Transcribed Image Text:Five years ago, Andrea's application for a 20-year term insurance policy was declined because she was
a regular cocaine user and a frequent skydiver. Today, she still uses cocaine occasionally but only
skydives a few times a year. She meets with Mykos, an insurance agent, to purchase a life insurance
policy. Mykos encourages Andrea to answer all the questions honestly because even if she doesn't, the
insurer will be able to obtain this information.
Where will the insurer obtain information about Andrea's activities?
Select one correct answer from the list
1. Attending physician's statement (APS).
2.
Medical exam.
3. Inspection report.
4. Medical Information Bureau (MIB).
ΟΟΟ
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