The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
For 1 points
Question 20
Ellen owns a disability income insurance policy, but she is a little confused about the policy’s terminology. The policy is guaranteed renewable and noncancellable. She asks you what these terms mean; they sound like the same thing. What do you tell her?
The premiums for noncancellable policies cannot be increased and a guaranteed renewable policy cannot be cancelled prior to the policy expiration date (usually about age 65). There is no difference between the two terms. The premiums for noncancellable policies are adjustable and a guaranteed renewable policy cannot be cancelled prior to the policy expiration date (usually about age 65).
For 1 points
Question 21
Fred’s wife Wilma suffered a stroke and is temporarily unable to care for herself and needs temporary care in a nursing home after she gets out of the hospital in a few days. Wilma is covered by original Medicare. Fred wants to know what nursing home care benefits are available from Medicare. You advise him that the nursing home benefits from Medicare are as follows:
All costs for a skilled nursing facility are covered by Part B with 20% coinsurance. Under Part A, all costs are covered for the first 100 days she is at a skilled nursing facility. Under Part A, all costs are covered for the first 20 days she is at a skilled nursing facility following a hospital stay of at least 3 days. After 20 days, Part A covers a skilled nursing facility indefinitely, subject to a daily coinsurance amount that increases over time. Under Part A, all costs are covered for the first 20 days she is at a skilled nursing facility following a hospital stay of at least 3 days under Part A. The next 80 days are subject to a daily coinsurance amount.
For 1 points
Question 22
Betty is very confused about several insurance terms, including “risk, chance, perils and hazards.” You advise her that any condition that increases the frequency or severity of a loss is called:
A hazard A risk A peril A chance of loss
For 1 points
Question 23
When Mildred bought her new car, the finance company told her that she would need to make sure that comprehensive (other-than-collision) physical damage insurance coverage was included on the vehicle and the PAP must name them as the payee in case of total loss of the vehicle. The comprehensive portion of the physical damage coverage will pay if the car is damaged or destroyed by any of the following events, EXCEPT:
Flood Hit-and-Run Earthquake Theft Vandalism
For 1 points
Question 24
Tom just left military service with the Army. He needs to purchase health insurance for himself and his family. He is confused about Major Medical insurance policies, and comes to you for clarification. You tell him that a Major Medical insurance policy usually:
Guarantee that the premiums will never increase. Covers most of the expenses covered by a basic hospitalization and surgical policy, but lowers the cost through deductibles and coinsurance. Excludes coverage for pre-existing conditions. Includes unlimited lifetime maximum benefit limits to prevent a devastating impact on a family’s finances.
For 1 points
Question 25
After discussing the need for insurance to protect her financial plan, your client, Laurie, is very confused about the difference between a hazard and a peril. She asks you, “Which of the following situations would be considered a peril?”
All of the above A broken step on her front porch Her rotten oak tree leaning over her neighbor’s garage A can of gasoline placed near a space heater in her garage A collision between her car and a commuter train if she is stuck on the tracks in traffic
For 1 points
The writer is very fast, professional and responded to the review request fast also. Thank you.
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