Life Insurance
A person who receives the death benefits of a life insurance policy after the insured’s death
What is a beneficiary
Government program that helps pay for long term care insurance but has strict asset/income eligibility
What is Medicaid
Disability insurance replaces what
What is income
Odalys is originally from this city
What is Springdale
Insurance that provides death benefits, for a specified period
What is term life
The number of days that an insured has to cover costs before the policy will start reimbursing expenses is known as
What is Waiting Period
A waiver of premium benefit will waive premiums in what event?
What is becoming disabled
Odalys is how old
What is 23
New York Life will allow a policy to be placed on someone as young as
What is a newborn
Baby is acceptable
Disability can replace up to
What is 50–70%
Only one percentage is required
Odalys started at New York Life in what month
What is December
In order for someone to purchase a life insurance policy they must have this. The definitions meaning they would experience financial loss and hardship should you die
What is Insurable Interest
Government program that helps pay for nursing facility costs only up to 100 days
What is Medicare
For the first five years the policy is in force, but not past Age 60, the monthly disability benefit will automatically increase each year by 3% compounded without providing medical or financial evidence of insurability. This is known as ABI or
What is Automatic Benefits Increase
What is Nicole's House
The term for an add-on to a policy that provides additional benefits
What is a rider
A term used to collectively describe fundamental skills required to independently care for oneself, such as eating, bathing, and mobility
What is ADL Activities of Daily Living
The probability that someone can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.
What is 1 in 4
Odalys has two dogs, name either dog with the breed
Xena- shih tzu
Bailey- Golden retriever