Chapter 5 Cont 6 Flashcards
Which of these special policies cover unusual risks that are not normally included under accidental death and dismemberment coverage
Special risk policy
Limited risk policy
Specified disease policy
Credi disability
Special risk policy
All following apply to short term disability plans except
Both group and individual plans are renewable
Group plans can provide benefit period of up to 52 weeks
Individual plans can provide benefit plans up to 2 years
Benefit period of 26 weeks is most common for group plans
Both group and individual plans are renewable
Most policies will pay accidental death as long as death is caused by accident and occurs within
30 days
60 days
90 days
120 days
90 days
Most policies will pay accidental death benefit as long as death caused by accident and occurs within
90 days
Benefit periods for individual short term disability policies will usually continue from
1 to 4 weeks
3 months to 3 years
6 months to 2 years
2 years to age 65
Six months to two years
All of the following apply to short term disability plans except
Both group and individual plans are renewable
Group plans provide befnit periods of up to 52 weeks
Individual plans can provide benefits periods of up to 2 years
Both group and individual plans are renewable
Accidental death and dismemberment coverage can be written as rider or
As separate policy
Only pays for accidental losses and is considered pure form of
Adhesion
Aleatory
Asset
Accident coverage
Accident coverage
Paid for accidental death
Principal sum
Capital sum
Aleatory
Principal sum
Percentage of principal sum will be paid by the policy often referred to as the
Capital sum
Finesse
Adhesion
Consideration
Capital sum
Which covers unusual risks not normally included under accidental death and dismemberment coverage
Special risk
Limited risk
Specifieddisease
Credit disability
Special risk policy
Principal sum means full face amount 100%
Ad&d
Percentage of the face amount
Capital sum
Longterm care ins polices must cover which of the following
Treatment of alcoholism
Injuries caused by an act of war
Alzheimer’s disease
All mental disorders
Alzheimer’s disease
Most ltc plans have which of the following features
Guaranteed renewability
No elimination period
Variable premiums
Open enrollment
Guaranteed renewability
Two special policies that pay accidental death and dismemberment benefits
Aleatory and consideration
Longterm and elimination
Limited risk and special risk polices
Limited risks nd special risk polices
Benefits are only payable if loss occurs as result of travel
Travel accident policy
Regarding long term care coverage as elimination period gets shorter, the premium
Decreases
Increases
Remains constant
Premiums are not based on elimination periods
Increases
The ltc benefit period is usually
2 to 5 years
Longer the ltc beef it period
Higher the premium will be
Shorter the elimination period
Higher the premium will be
Insured’s long term care policy is scheduled to pay a fixed amount of coverage of 120 a day. Long term care facility only charged 100 per day. How much will ins company pay
120
100
80% of total
20% of total
120 dollars a day
Long term care coverage may be available as any of the following options except
Group long term care
Individual long term care
Endorsement to a life policy
Endorsement to a health policy
Endorsement to a health policy
True regarding optional benefits with long term care polices
Included in all policies
Are available for additional premium
Only standard benefits are available with LTC
Available for an additional premium
How many consecutive months of coverage other than in acute care of hospital must LTC ins provide in this state?
6
12
24
36
12
All variants in long term care policy except
Number of days online ment conversation
Number of home health visits covered
Number of family dependents
Amount paid for nursing home care
Number of family dependents
Most ltc have which of following features
Guaranteed renewability
No elimination period
Variable premiums
Guaranteed renewability
Necessary in order to be eligible to rec benefits from a long term care policy
Must be unable to perform some activities of daily living
Must meet certain economic standards
Must have been tech disability benefits for six months
Must be unable to perform some activities of daily living
Which of following is true regarding optional benefits with long term care policies
Included in all policies
Available for additional premium
Only standard benefits are available with LTC policies
Offered at no additional cost to insured
Available for additional premium
