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Ins > Chapter 5 Cont 6 > Flashcards

Chapter 5 Cont 6 Flashcards

1
Q

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

A

Special risk policy

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2
Q

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

A

Both group and individual plans are renewable

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3
Q

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

A

90 days

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4
Q

Most policies will pay accidental death benefit as long as death caused by accident and occurs within

A

90 days

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5
Q

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

A

Six months to two years

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6
Q

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

A

Both group and individual plans are renewable

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7
Q

Accidental death and dismemberment coverage can be written as rider or

A

As separate policy

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8
Q

Only pays for accidental losses and is considered pure form of

Adhesion
Aleatory
Asset
Accident coverage

A

Accident coverage

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9
Q

Paid for accidental death

Principal sum
Capital sum
Aleatory

A

Principal sum

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10
Q

Percentage of principal sum will be paid by the policy often referred to as the

Capital sum
Finesse
Adhesion
Consideration

A

Capital sum

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11
Q

Which covers unusual risks not normally included under accidental death and dismemberment coverage

Special risk
Limited risk
Specifieddisease
Credit disability

A

Special risk policy

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12
Q

Principal sum means full face amount 100%

A

Ad&d

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13
Q

Percentage of the face amount

A

Capital sum

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14
Q

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

A

Alzheimer’s disease

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15
Q

Most ltc plans have which of the following features

Guaranteed renewability
No elimination period
Variable premiums
Open enrollment

A

Guaranteed renewability

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16
Q

Two special policies that pay accidental death and dismemberment benefits

Aleatory and consideration
Longterm and elimination
Limited risk and special risk polices

A

Limited risks nd special risk polices

17
Q

Benefits are only payable if loss occurs as result of travel

A

Travel accident policy

18
Q

Regarding long term care coverage as elimination period gets shorter, the premium

Decreases
Increases
Remains constant
Premiums are not based on elimination periods

A

Increases

19
Q

The ltc benefit period is usually

A

2 to 5 years

20
Q

Longer the ltc beef it period

A

Higher the premium will be

21
Q

Shorter the elimination period

A

Higher the premium will be

22
Q

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

A

120 dollars a day

23
Q

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

A

Endorsement to a health policy

24
Q

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

A

Available for an additional premium

25
Q

How many consecutive months of coverage other than in acute care of hospital must LTC ins provide in this state?

6
12
24
36

A

12

26
Q

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

A

Number of family dependents

27
Q

Most ltc have which of following features

Guaranteed renewability
No elimination period
Variable premiums

A

Guaranteed renewability

28
Q

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

A

Must be unable to perform some activities of daily living

29
Q

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

A

Available for additional premium

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