Final Questions Flashcards
1
Q
Buy-sell agreements are typically funded by which 2 insurance products?
A
Life insurance and disability insurance.
2
Q
What are features an equity-indexed annuity?
A
- Offers a minimum guaranteed rate
- Offers a long term inflation protection
- Offers protection during a decline in the stock market
3
Q
What is NOT included in a comprehensive Major Medical Plan?
A
First Dollar Coverage
4
Q
Disabled workers are covered under Worker’s Comp medical expense benefits for how long?
A
No Limitations
5
Q
What type of license is required for an individual who charges a fee to review an insured’s existing life insurance policy?
A
Life and disability analyst
6
Q
What is a condition that may increase the chance of a loss?
A
Hazard
7
Q
Which entity has jurisdiction over health care coverage providers?
A
Department of Insurance
8
Q
How long does Medicare Part A pay for skilled nursing care?
A
100 days
8
Q
FSA Amount Maximum
A
$2500
9
Q
Cause of Loss
A
Peril
10
Q
A
