Health / Life Insurance Basics
This type of life insurance provides coverage for a specific period, such as 10, 20, or 30 years.
What is term life insurance?
Our founder's name.
Who is Joe Krivelow?
PPO stands for this type of insurance network plan.
What is Preferred Provider Organization?
Your client has a family and wants cheap life insurance that lasts until their children are adults. You recommend this type of policy.
What is term life insurance?
The first life insurance policy in the United States was issued in this year.
What is 1761?
This federal program provides health insurance for people aged 65 and older or with certain disabilities.
What is Medicare?
The year CHC was founded.
What is 2017?
This term refers to the maximum amount a person or family will pay for covered services during the policy term.
What is an out-of-pocket maximum?
A client is self-employed and wants a plan that pairs with a Health Savings Account (HSA). You recommend this.
What is a High Deductible Health Plan (HDHP)?
This U.S. President signed Medicare into law.
This type of life insurance combines a death benefit with a savings or investment component.
What is whole life insurance?
This type of plan is perfect for self-employed individuals or those that don't qualify for ACA subsidies.
What is Association or ERISA Group Plan.
A life insurance policy that offers flexibility in premium payments and death benefits is called this.
What is universal life insurance?
A young client wants a policy that builds cash value for future borrowing. This is your recommendation.
What is whole life insurance?
The term "premium" originates from this Latin word meaning "reward".
What is "praemium"?
The network of doctors, hospitals, and other providers contracted with an insurance plan is known as this.
What is a provider network?
This is the primary role Compass Health Consultants plays for their clients
What is providing personalized insurance solutions?
This term describes the process of assessing an applicant's health risks before issuing a policy.
What is underwriting?
A client worries about constantly spending money on their kid's injuries and broken bones. You recommend what?
What is an accident medical expense plan.
The highest life insurance policy payout ever recorded was approximately this amount.
What is $201 Million?
The law that requires most Americans to have health insurance or face a penalty was introduced in this year.
What is 2010 (Affordable Care Act)?
This is one unique benefit of working with Compass Health Consultants for health coverage.
What is access to a wide range of carriers?
The period during which an individual can sign up for health insurance without penalty is called this.
What is open enrollment?
A client wants a policy that pays more if they develop a critical illness. You suggest adding this.
What is a critical illness rider?
Health insurance was first offered in the U.S. by this company in 1929.
What is Blue Cross?