Exam Flashcards
Not true re medicaid
Funded by state and federal taxes
State program
Consists of a-c
Consists of three parts
A-c
This is Medicare
License required for variable annuities
Only securities
No license
Both life ins and sec license
Both life and sec license
All differences between individual and group ins except
Individual ins does not require medical exams whole group ins does
Individual policies individual selects coverage options while in group plan all employees are covered for same coverage no individual underwriting selection
In individual policies individual selects coverage options while group plan all employees are covered for same coverage chosen by employer
Individual ins does not require medical exams whole group ins does
Annuity owner funding annuity to supplement retirement .. bc she doesn’t know inflation she would like a return equal to standard and poor 500
Variable
Flexible
Immediate
Equity indexed
Equity indexed
Which of following is eligibility requirement for social disability income Ben
Experiencing at least one year of disability
Being at least 50 years
Currently employed status
Fully insured status
Fully insured status
All following true about group disability except
Longer waiting period lower premium
Coverage applies both on and off job
Benefits are short term
Coverage applies both on and off job
GdEXCEPTcab
Describes insureds medical history diagnoses and treatments
Individual medical summary
Attending physicians statement
Physicians review
Attending physicians statement
Death protection component of universal life ins is
Adjustable life
Decreasing term
Annually renewable term
Decreasing term
Dul-d
Which is not feature of noncancellable policy
Insurer may terminate contract only at renewal for certain conditions
Premiums cannot be increased beyond amount stated in policy
Insured has eight to renew policy for life of contract
Insurer may terminate contract only at renewal for certain conditions
Under extended term Nonforfeiture option policy cash value is converted to
Same amount as in whole life policy
Face amount equal to cash value
Higher face amount as in whole life policy
Same amount as in whole life policy
Etnonwhole
Purchased policy at 40 three years ago. Killed in car acc. Discovered he is 45 not 43.
Pay a reduced death benefit
Pay full desth benefit
Pay nothing
Pay reduced death benefit
Guaranteed renewable health ins policy allows
Insurer to renew policy to specified age
Policy to be renewed at time of expiration but policy can be canceled for cause during policy term
Policyholder to renew policy to stated age with company having right to increase premium on entire class
Policyholder to renew policy to stated age with company having right to increase premium on entire class
Owner pays her life ins annually.. until now she is collected non taxable dividend check each year … rather use dividends to help pay for her next premium.
Reduction of premium
Paid up option
Cash option
Reduction of premium
Life policy allows owner to make periodic additions to face amount at standard rates without proving insurability ..
Nonforfeiture
Guaranteed insurability
Paid up additions
Guaranteed insurability rider
Which includes in policy summary
Illustrations and application
Comparisons with similar policies
Premium amounts nd surrender values
Premium amounts and surrender values
Under workers comp not paid is
Legal benefit
income benefit
Death benefit
Legal benefit
Settlement option known as straight life
Interest only
Fixed period
Life income
Life income
In annuity accumulated money converter to stream of income during
Payment period
Conversion period
Annuitization period
Annuitization period
Patient protection and affordable care act requires preventive care services except
Cervical care exams
Diet counseling for adults
Well woman visits and counseling
Cervical cancer starting at 40
True regarding Medicare supplement policies
Must be at least guaranteed renewable
Must have at least 15 day free look period
Must contain minimum of plans a and b
Must be at Least guaranteed renewable
How soon from term of dev under credit life ins policy must credit provide notice to insurer
60
7
10
60
TCl60
Regarding taxation of boe
Premiums are taxed but expenses paid are deductible
Premiums are deductible and benefits are taxed
Premiums are deductible and benefits are taxed
Annuitant time period for benefits
Installments for fixed period
Installments for level period
Installments for fixed period
Relieve minor insured if both parents pass
Payor benefit
Waiver of premium
Payor benefit
Transfer of all ownership rights in a policy
Annuity assignment
Absolute assignment
Absolute assignment
Provide coverage on date prior to policy issue
Conditional receipt
Not true regarding equity indexes annuities
Earn lower interest rates than fixed annuities
Less risky than fixed annuities
Earn lower interest interest rates than fixed annuities
Who can make fully deductible contribution to traditional ira
An individual not covered by an employer sponsored plan who has earned income
Individual covered by employer sponsored plan who earned income
An individual not covered by an employer sponsored plan who has earned income
Iranocomment
Iranocov
Example of limited pay life policy
Renewable until 60
Life paid up at 65
Life paid up at 65
True regarding coinsurance
Larger percentage paid by insured higher premium will be
Larger percentage that is paid by insured lower required premium will be
Larger percentage that is paid by insured lower required premium will be
Itemized deductions not covered by ins that exceed
7.5
Reactive lapsed policy if action taken within period with proof of insurability
Reinstatement provision
Reactive provision
Reinstatement provision
Rlrp
Medigap=
Any private ins policy
Parts a and b
Parts a and b of Medicare
Only requires premium at its inception and protection for life of insured and matures at age 100
Level Term life
Single premium whole life
Single premium whole life
Guaranteed renewable allows
Policyholder to renew policy to stated age with company rights to increase premiums on entire class
Insurer to renew to specified age
Policyholder to renew policy to stated age with company rights to increase premiums on entire class
Policy summary
Copies of illustration and application
Premium amounts and surrender values
Premium amounts and surrender values
Include statement with application providing EXCEPT
Intending to apply for another license
Comparison with similar policies
Intending to apply for another license
Issue age premiums increase due to
Increased benefit
Age
Increased benefit
Nonforfeiture doesn’t have to offer
Reduction of premium
Reduction of overhead
Reduction of premium
Nonfortfeiture does not have to offer
Shortened benefit
Reduced paid up
Extended term
Reduction of premium
Reduction of premium
Not true re survivor annuity benefits option
Guaranteed income for two or more recipients
Payments stop after first death among annuitants
Payments stop after first death among annuitants
Underwriting major consideration when insured wishes to replace current policy for following except
Premiums always stay the same
Benefits may change
Premiums always stay the same
Major PAST
Under group life plan re master contract terminated =
At least 5 years
Which special policy covers unusual risks not normally included under accidental death and dismemberment coverage
Specified disease policy
Special risk policy
Special risk policy
Dadsrp
Straight life policy has
Increasing annual premium m for life of the insured
Level annual premium for life of insured
Level annual premium for life of insured
When whole life policy lapses or surrendered prior to maturity cash value can
Purchase single premium policy for reduced face amount
Pay back all premiums owed plus interest
Purchase single premium policy for reduced face amount
100000 annually renewable
Additional to protect kids until finished college. Discovered his policy
Built cash values
Requires premium increase each renewal
Require premium increase each renewal
Not true re no qualified retirement plan
Earnings grow tax deferred
Needs irs approval
DOESNT Need irs approval
Once eligible for Medicare supplement plan must
Offer supplement policy in guaranteed issue basis
Send applicant to doctor for physical
Offer supplement policy on guaranteed issue basis
Annuitant died before annuitization
Cash value of plan
Either amount paid in or cash value whichever is greater
Either amount paid in or cash value whichever is greater
Not true re straight life
Premium steadily decreased over time in response to its growing cash value
Usually develops cash value by end of third policy year
Premium steadily decreased over time in response to its growing cash value
Don has both basic expense and major medical policy. Injured in accident. Exhausts basic expense policy. What must he do
Submit written notification to his major medical ins company
Pay a special deductible on his major medical policy
Pay a special deductibe on his major medical policy
Underwriting is a major consideration when insured wishes to replace her current policy for all fo the following reasons except
Due to age or health the policy may change drastically
Premiums always stay the same
Premiums always stay the same
Which of following special policies covers unusual risks not normally included after accidental death and dismemberment coverage
Special risk policy
Credit disability
Special risk policy
Straight life policy has what type of premium
Decreasing annual premium for life of insured
Level annual premium for life of insured
Level annual premium for life of insured
Man decided to purchase 100000 annually renewable term life policy to provide additional protection until his children finished college. Discovered his policy
Required a premium increase each renewal
Build cash values
Required a premium increase each renewal
Which is not true regarding a non qualified retirement plan
It needs irs approval
Earnings grow tax deferred
Needs irs approval
Applicant discussing options for Medicare supplement coverage with his agent. Applicant is 65 enrolled in Medicare part a and part b
Offer supplement policy on guaranteed issue basis
Look at applicant’s medical history to decide what premium to change
Offer supplement policy on guaranteed issue basis
If an annuitant dies before annuitization occurs what will beneficiary rec
Cash value of plan
Either amount paid into plan or cash value of plan whiichever is greater amount
Either amount paid into plan or cash value of plan whichever is greater amount
In terms of parties to a contract which of the following does not describe a competent party
Person must be of legal age
Person must have at least completed secondary education
Person must have at least completed secondary education
Which statement is not true re straight life policy
Its premium steadily decreases over time in response to its growing cash value
It usually develops cash value by 4end of third policy year
Its premium steadily decreases over time in response to its growing cash value
Which of following is not a feature of Noncancellable policy
Insured has right to renew policy for life of contract
Insurer may terminate contract only at renewal for certain conditions
Insurer may terminate contract only at renewal for certain conditions
Which following policy components contains company’s promise to pay
Insuring clause
Owner’s rights
Insuring clause
Which fo following best describes annually renewable term ins
Its level term ins
It requires proof of insurability at each renewal
It is level term ins
An ins company is domiciled in Montana and transacts ins in Wyoming. Which best describes the insurer’s classification in Wyoming
Foreign
Alien
Foreign
Agent explains details of a life ins policy to a client. Agent misrepresents policy inadvertently.
There is no misconduct
Misrepresentation
There is no misconduct
777
777
777
777
All true re fixed period annuity settlement except
Life contingency
Payments are not guaranteed for life
NO Life contingency option
Re suicide is true
Suicide is excluded for specific period or of years and covered thereafter
Covered for specific period of years and excluded thereafter
Excluded for specified period and covered thereafter
Annuity period
Accumulation to annuitization
Accumulated funds converted into income payments
Accumulated funds converted into income payments
Duty to provide insurer with reasonable notice event of loss
Notice of claim
Claims Initiation
Notice of claim
Component decreases in decreasing term ins
Premium
Face amount
Face amount
CddFace down
When insured selects extended term Nonforfeiture cash value used to purchase term ins what is face amount
Equal to original policy for as long as cash value will purchase
Same as original policy minus cash value
Equal to original policy for as long as cash value will purchase
Upon death of insured primary beneficiary discovers interest only settlement option
Beneficiary will only rec payments of interest earned in death benefit
Beneficiary must pay interest to insurer
Beneficiary will only Rec payments of interest earned on death benefit
Annuitant selects amount of payment insurer determines how long paying benefits
Fixed period
Fixed amount
Fixed amount
Heart attack or stroke
Critical illness
Major medical
Critical illness
Income stops upon first death and of insured
Deferred annuity
Pure annuity
Joint life annuity
Joint life annuity
Selling variable register with
Finra
Sec
Finra
Vaf
All true except
Death benefits are paid for only the month if death occurs within 24 hour of accident
Accidental death and dismemberment ins is limited coverage
Death benefits are paid for only the month if death occurs within 24 hour of accident
Desth and dismemberment all except
Limb
Eye
Income
Income
Which statement true
Disability ins can be written as occupational or no occupational
Individual disability policie never cover nonoccupational injury
Disability ins can be written as occupational or nonoccupational
Named wife as beneficiary. Chose life income settlement. Amount of payments determined by all except
Face amount of policy
Insureds age at desth
Projected interest rates
Insureds age at desth
Participating policy may do which
Require 80%
Pay dividends
Pay dividends
Affordable care act essential benefit categories
5
10
12
10
Cease and desist contest time
60
90
120
60 days
Affordable care act benefit categories
5
10
12
10
Died before able to complete app and pay initial premium
Consideration clause
Insuring clause
Consideration clause
Accumulation at interest option true except
Interest not taxable since remains inside ins policy
Annual dividend retained by company
Interest not taxable since remains inside ins policy
Not feature of noncancellable policy
Insurer May terminate contract only at renewal for certain conditions
Insured has right to renew policy for life of contract
Insurer May terminate contract only at renewal for certain conditions
Childrens riders attached to whole life policies
Term
Whole life
Term
Short term annuity limits to specific fixed period or specific fixed amount liquidated
Refund life
Annuity certain
Annuity certain
Offer usually made when
Applicant submits app to insurer
Agent explains policy to applicant
Applicant submits app to insurer
Not true re noncancellable policy
Insurer can terminate contract only at renewal for certain conditions
Guarantee to renew coverage usually applies until insurd reaches certain age
Insurer can terminate contract only at renewal for certain conditions
True re accumulation at interest option
Interest not taxable since inside policy
Annual dividend retained by company
Interest not taxable since inside policy
Confined to hospital before able to complete app and pay initial premium not covered bc not met
Consideration clause
Insuring clause
Consideration clause
Most policies pay accidental death benefits as long as death is caused by accident which occurs within
30
90
60
90
Own childrens term rider. Daughter reaching max age of dependent coverage will have to convert to permanent ins. Proof of insurability?
Proof of insurability not required
Medical exam
Parents income tax receipts
Proof of insurability not required
Guaranteed insurability rider
Assumed age
Average age
Attained age
Attained age
If dental integrated is combined with
Medical
Life
Secondary dental
Medical
Integrated md
Waiver of premium ride in life ins policies
30 days
3 months
6 months
6 months
Not covered under accidental death and dismemberment
Credit disability
Special risk policy
Limited risk policy
Special risk policy
In classifying risk home office underwriting looks at all except
Past income
Past medical history
Present occupation
Past income
Married couple determining financial needs of kids if one or both die prematurely
Survivor protection
Life planning
Survivorship ins
Survivor protection
Annuitant selects amount of each payment and insurer determines how long benefits paid
Fixed amount
Fixed period
Variable period
Fixed amount
Policyowner needs to change insured under policy
Substitute insured rider
Payor benefit rider
Term rider
Substitute insured rider
Equity indexes annuity considered fixed annuity
Not tied to sp 500
Guaranteed minimum interest rate
Fixed rate of return
Modest investment potential
Guaranteed minimum interest rate
500gmi
Age 27 total disability credits earned
20
6
12
12
Fixed period settlement option
Both principal and interest liquidated over selected period of time
Income is guaranteed for life of beneficiary
Both principal and interest liquidated over selected period of time
Psliquid
Legal purpose following elements
Insurable interest and consent
Underwriting and reciprocity
Insurable interest and consent
Traditional level premium
Straight life
Adjustable life
Universal life
Straight life
Maximum penalty for habitual willful noncompliance
2500
1000
100 per violation
25000
Not eligible for benefits w/ disability income policy for at least 30 days
Blackout period
Elimination period
Probationary period
Elimination period
True about hra
Account allows rollover at employer’s discretion
Only allows rollover for half unused balanced at end of year
Account allows rollover at employer’s discretion
Annual life ins dividend check
Cash option
Reduction of premium
Accumulation at interest
Cash option
Insured had 10000 term life policy. Had annual premium of 200 due feb 1. Insured failed to pay premium and died feb 28.
0
200
9800
9800
Not true re equity indexed annuities
Earn lower interest rates than fixed annuities
Less risky than variable annuities
Earn lower interest rates than fixed annuities
Pints of blood paid for by Medicare supplement core benefits
First 3
1 pint
Everything after first 3
First 3
Re coinsurance
Larger the percentage lower required premium
Larger percentage higher required premium
Larger the percentage lower required premium
Least expensive first year premium found in
Annually renewable term
Level term
Annually renewable term
Fully deductible contribution to a traditional ira
Not covered by employer sponsored plan who has earned income
Person whose contributions are funded by a return on investment
Not covered by employer sponsored plan who has earned income
Irancov
Which would be tax deductible
Key person
Employer on a 30000 group term life ins plan for employees
Paid by mother on her son’s policy
30000 group term life ins plan for employees
Agent knows going to cash in old policy and use funds to purchase new ins
Replacement rule
Reinstatement rule
Conversion rule
Replacement rule
Minimum renew ability standard for long term care in tx
Guaranteed renewable
Conditionally renewable
Guaranteed renewable
Submission of death claim; when must insurer pay
Within two months
Within 30 days
Two months
Acknowledge receipt of notice of claim within
5
15
20
15
Ronoc15 years old!
Affordable care act Aca categories
5
10
10
Cease and desist for charge has to be reviewed; how many days
30
14
30
Cdr is 30
Cease and desist order from commissioner of ins; if wish to contest how many days
10
60
60
Cad60
Who receives dividends from a mutual insurer
Policyholders
Stockholders
Policyholders
Info about ins applicant’s credit
Consumer report
Federal report
Consumer report
Not normally included under accidental death and dismemberment coverage
Special risk policy
Credit disability
Special risk policy
Not true re non qualified retirement plan
Needs irs approval
Earnings grow tax deferred
Needs irs approval
Variable life Face amount of 50000. Stock performance declined fell to 10000.
50000
10000
50000
Benefits based on insured’s loss of earnings after recovery from a disability
Partial disability
Residual disability
Residual disability
Children’s riders attached to whole life are issued
Variable life
Adjustable life
Term
Term
Medicare will pay full benefits in facility following accident in skilled nursing facility for
20
100
20
Free look
Commences when policy is delivered
Commences when application is signed
Commences when policy is delivered
True re elimination periods and cost of coverage
Longer the elimination period, lower cost of coverage
Shorter elimination period lower cost of coverage
Longer the elimination period, lower cost of coverage
Designates group of individuals as beneficiary of life ins death benefit without specifically naming individuals
Class designation
Stirpes designation
Class designation
Describes insured’s medical history including diag and treatments
Attending physicain’s statement
Physician’s review
Attending physician’s statement
Accidental death and dismemberment coverage what benefit paid to beneficiary
Double amount of death benefit
Principal sum
Principal sum
Policies pay accidental death benefits as long ad death is caused by accident and occurs within
30
90
90
Corridor deductible services name from fact that applied between basic coverage and
Major medical
Limited coverage
Major medical
Rider that Provides coverage on insured’s family members
Other insured rider
Change of insured rider
Other insured rider
Policy rider provides amount of insurance on every family member
Family term rider
Children’s rider
Family term rider
Submit written proof re covered loss
As soon as possible
Within 90 days not to exceed 1 year
Within 90 days not to exceed 1 year
Best describes annually renewable term ins
Level term ins
Provides an annually increasing death enefit
Level term ins
Paid initial premium; insurer issued conditional receipt; five days later applicant submitted to medical exam; when is policy’s effective date
Date of application
Date of medical exam
Date of medical exam
True re annuity owner except
Owner has right to name beneficiary
Owner must be party to rec benefits
Owner must be party to rec benefits
When employee terminates coverage coverage continues in force
For 31 days
For 60 days
31 days
Et31 years old
Small premium large amount of risk
Aleatory
Warranty
Aleatory
When would 20 pay policy endow
At 100 years
After 20 payments
At 100 years
Does NOT describe a competent party
Must have completed secondary education
Must be of legal age
Must have completed secondary education
Contestability period in grou life
2 years
1 year
2 years
Functionally impaired adults less than 24 hour basis
Adult day care
Residential care
Adult day care
Medicaid all except
Family planning
Income assistance for work related
Eyeglasses
Home health care
Income assistance for work related
Through lifetimes of two or more beneficiaries
Joint life
Joint and survivor
Joint and survivor
In event owner is disabled
Business overhead
Recurrent disability
Business overhead
Unilateral
One author insured must accept it as written
One sided only one party makes enforceable promise
One sided one party makes an enforceable promise
Main source of underwriting info when insurer begins procedures
Application
Interviews
Application
All regulate variable life except
Guaranty association
SEC
Ins department
Federal govt
The guaranty association
Interest earned on policy dividends is
Taxable
Non taxable
Taxable
Coinsurance provisions
Help ins company to prevent over utilization
Guarantee payment to doctors and hospitals
Help ins company to prevent over utilization
Couple wants to built a house and want to make larger down payment
Insured is diagnosed with cancer and needs help with medical treatment
Accelerated benefits
Variable annuities =
FINRA
Lottery annuity=
Immediate annuity
Not normally included under accidental death and dismemberment
Special risk
Credit disability
Special risk
Underwriting=
Selection classification and rating
Solicitation negotiation and sale of policies
Selection classification and rating
Event of loss after notice of claim submitted to insurer who provides next claims
Insurer to insured
Insured to insurer
Insurer to insured
Re elimination periods and cost of coverage
Longer elimination period lower cost of coverage
Shorter elimination period lower cost of coverage
Longer elimination period lower cost of coverage
Period of coverage for death or divorce under cobra
60 days
36 months
36 months a
payment at inception; protection for life of insured; matures at 100;
Single premium whole life
Level term life
Single premium whole life
100singlep
Notice in event of loss
Notice of claim
Loss notification
Notice of claim
Aleatory=
Unequal values
Submitted on take it or leave it basis
Unequal values
In ref to standard Medicare supplement benefits plans
All providers will have same coverage options and conditions for each plan
All plans must include basic benefits a-n
All providers will have same coverage options and conditions for each plan
Before able to complete application and pay initial premium confined to hospital; not met
Insuring clause
Consideration clause
Consideration clause
Accidental benefits as long as caused by accident and within
30
60
90
90
Ac90
Prevent universal life policy from lapsing
Target of premium
Face amount
Target of premium
Cease and desist order; request for charges to be reviewed immediately; how many days must hearing
10
30
30
Insurer’s Right to change premium amounts
Continuation provision
Premium provision
Continuation provision
Continuation provision aka
Renewal provision
Due on loan if debtor dies before loan is repaid
Credit life
Credit health
Credit life
Ddcl
Unfair trade practices of rebating
Telling that first premium will be waived if purchases ins policy today
Making deceptive statements about competitor
Telling that first premium will be waived if purchases ins policy today
Re fiduciary responsibility
Handling insurer’s funds in a trust capacity
Handling assets or money belonging to others
Handling insurer funds in a trust capacity
Terminates coverage under group ins policy coverage continues for
31 days
Until employee can obtain coverage under new group plan
31 days
L has major medical with 500 deductible and 80/20; hospitalized sustains 2500 loss; maximum amount L will pay
900 (deductible + 20% of bill after deductible [20% of 2000]
500 amount of deductible
900 (deductible + 20% of bill after deductible [20% of 2000]
Not a term for receiving income
Payout
Depreciation
Depreciation
Divorcee to continue recg group health for additional 36 months
Cobra
Social security
Cobra
All true regarding guaranteed insurability rider except
Rider is available to all insureds with no additional premium
Insured may purchase additional coverage at the attained age
Rider is available to all insureds with no additional premium
Guaranteed insurability rider no additional
Girna
Annually renewable level death for premium that
Remains level
Increases annually
Increases annually
Ari
Easier for total disability
More liberal own occupation
More strict any occupation
More liberal own occupation
Federal fair credit reporting act
Regulates consumer reports
Protects customer privacy
Regulates consumer reports
Excess plan covering losses up to 10000; suffered loss of 15000; how much will excess plan pay
10000
5000
5000
Interest sensitive whole life aka
Current assumption life
Variable life
Current assumption life
Sensitive assumption
True regarding accumulation period of annuity
Period during which payments into annuity grow tax deferred
Referred to as annuity period
Period during which payments into annuity grow tax deferred
Discovers insured chose interest only settlement option
Beneficiary will only receive payments of the interest earned on the death benefit
Beneficiary will rec lump sum plus interest
Beneficiary will only receive payments of the interest earned on the death benefit
Probationary period applies to employees who
Want lower premiums
Join the group after the effective date
Join the group after the effective date
Re taxation of premiums in key person life ins policy
Premiums are not tax deductible as business expense
Premiums are taxable to employee
Premiums are not tax deductible as business
Limited pay life policy
Level term life
Life paid up age 65
Life paid up age 65
Pays 100 premium monthly. Insurer promises to pay 10000 for covered loss
Adhesion
Aleatory
Aleatory
Prevent ins from paying reimbursement claim to someone other than policyowner
Payment of claims
Entire contract clause
Payment of claims
Premiums paid by Emp in biz life ins policy are
True re hmo coverage
Provides nationwide coverage
Divided into geographic territories
Divided into geographic territories
While claim pending ins may require
Independent exam as often as reasonably required
Every 45 days
Independent exam as often as reasonably required
If consumer challenges accuracy of info contained in consumer report
Respond to consumer’s complaint
Send certified copy of report to consumer
Respond to consumer’s complaint
Suit any select amount; insurer determines how long pays benefits
Fixed amount
Fixed period
Fixed amount
All true re education requirement of tx except
Alllicensed agents must comply by January 1 of even numbered years
Requires satisfactory completing of 24 hours of approved training every 2 years
Alllicensed agents must comply by January 1 of even numbered years
Which is not required to be stated in the outline of coverage provided with long term care
Policy number
Basic info about supplementary polices
Basic info about supplementary policies
How long mustproducer maintain records of continuing education course completion
1 year
4 years
4 years
Used to compare the cost of one life ins policy against another
Cost comparison method
Policy cost indices
Policy cost indices
Purchased policy 5 years ago last year recd dividend check from company non taxable … did not send check this year
Stock
Mutual
Mutual
Termination of debt/credit provide notice to insurer
30
60
60
Tod is 60 years old!
Evidence of insurability within how many days of termination re conversion to individual whole life policy
14
31
31
Termversthirs
Or
Ei31
Most hmo operate through
Group enrollment system
individual fee for service
Group enrollment system
Hmoges
