Health Insurance Broad term used to describe policies that cover loss of income due to accident or sickness and health care expenses.
Health Insurance
100
This is the percent of your expenses you pay after the deductible.
Coinsurance
100
What is disability insurance?
is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work
100
Is a flood included in a standard homeowner's policy?
no
200
Which life insurance policy is not a permeant life insurance?
term life insurance
200
Government health insurance coverage for individuals over the age of 65, and special needs individuals.
medicare
200
This is the dollar amount you pay towards your expenses before the insurance company pays their portion.
Deductible
200
If you have disability insurance, what percentage of your gross income should you aim for in benefits if you become disabled?
When added to your other income it should be 60% to 70% of your gross income.
200
What are things to think about when choosing homeowners coverage?
value of your home, the things you have, and the value of your liability coverage
300
Which of the following type of insurance covers the whole family in a single contract?
Family Policy
300
health insurance premium
The amount health insurance companies charge each month for coverage
300
Periodic payment to an individual that continues for a fixed period or for the duration of a designated life or lives.
Annuity
300
This is a disability occurring or aggravated while the patient is in military service
armed services disability
300
What does homeowners insurance cover?
covers damages to your property, your possessions, and liability claims against you
400
Which life insurance insures two individuals in one insurance plan?
Survivorship Life Insurance
400
The amount of covered health care expenses you must pay yourself each year before your insurance will begin to pay
annual health insurance deductible
400
Someone who legally represents the Insured,soliciting or accepting applications for insurance that are not forced until the company accepts the business
Broker
400
This is a physician who is paid a fee to examine or test a person for disability under either the SSDI or SSI program
Consultative examiner
400
Why should you read the policy when signing for the insurance?
you need to read it in order to make sure it is liable and real
500
A Universal Life insurance policy has two types of interest rates that are called?
Guaranteed and Current
500
The most you will have to pay in deductibles, copays, and coinsurance for covered care received in network for the year.
annual out-of-pocket limit
500
Method for providing automobile insurance to persons considered to be high-risk drivers who cannot obtain protection in the voluntary markets. All automobile insureres in the state are assigned their share of such drivers based on the volume of automobile insurance business written in the state. Formerly called assigned risk plan.
automobile insurance plan
500
a provision to pay benefits to a covered Disabled person to age 65
long term disability insurance
500
What does it mean if you have an "open perils" policy?
The definition of an "open perils" policy is that it covers you for everything that is not specifically excluded in the policy.