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Study sets matching "life health"

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Study sets matching "life health"

78 terms
la life and health
health maintenance organizations (HMOs)
preferred provider organizations (PPOs)
provider-sponsored organizations (PSOs)
Health Insurance
...
...
...
...
health maintenance organizations (HMOs)
...
preferred provider organizations (PPOs)
...
42 terms
Life and Health
散步
活力
生活
注意
(sàn bù) ... to go for a walk
(huó lì)... energy; vitality
(shēnghuó) life; livelihood
(zhùyì) ... to pay attention to
散步
(sàn bù) ... to go for a walk
活力
(huó lì)... energy; vitality
15 terms
Life and Health Chapter 6
The three categories of options found…
The three primary factors that determi…
The dividend option in which the insur…
The type of dividend option in which t…
dividend options, the non-forfeiture options and the settleme…
Risk element, Interest element, and Expense element.
Accumulate at Interest
Paid-Up Additions
The three categories of options found…
dividend options, the non-forfeiture options and the settleme…
The three primary factors that determi…
Risk element, Interest element, and Expense element.
21 terms
Life and Health Chapter 10
____ insurance policies generally have…
A _____ policy is designed to cover a…
Medical Expense policies are designed…
Disability Income policies are valued…
Health
Disability Income
Medical care
Stated amount
____ insurance policies generally have…
Health
A _____ policy is designed to cover a…
Disability Income
9 terms
Life and Health Chapter 5
Life insurance companies are required…
In most states, a life insurance appli…
The entire contract that exists betwee…
The basic promise that exists between…
Required and Discretionary
Backdated and Attained age.
Policy and Application
Insuring
Life insurance companies are required…
Required and Discretionary
In most states, a life insurance appli…
Backdated and Attained age.
13 terms
Life and Health Chapter 7
The combination policy which incorpora…
A Family Income policy covers the life…
The Family Maintenance policy also pro…
A policy which insures two or more peo…
Family
Decreasing Term and Whole Life
Level Term and Whole Life
Joint Life and Survivor ship Life.
The combination policy which incorpora…
Family
A Family Income policy covers the life…
Decreasing Term and Whole Life
12 terms
Life and Health Chapter 13
A ____ is an individual or group healt…
Under Long-Term Care and Medicare Supp…
____ insurance is designed to provide…
The renew-ability of MSPs and LTC poli…
Medicare Supplement Policy (MSP)
preexisting condition and 6 months
Long-Term Care and 12 consecutive months
guaranteed renewable
A ____ is an individual or group healt…
Medicare Supplement Policy (MSP)
Under Long-Term Care and Medicare Supp…
preexisting condition and 6 months
10 terms
Life and Health Chapter 9
Universal Life is comprised of cash va…
The cash value of a Universal Life pol…
____ Life offers a guaranteed minimum…
Within certain limits, the ____ of a U…
Term
Deferred
Variable Whole
Face amount
Universal Life is comprised of cash va…
Term
The cash value of a Universal Life pol…
Deferred
14 terms
Life and Health Chapter 11
The proposed insured's ____ is a prima…
The most hazardous duty the insured pe…
The maximum benefit limit an insured c…
A type of rider which pays benefits on…
occupation
occupational class
earned
Social Security Rider
The proposed insured's ____ is a prima…
occupation
The most hazardous duty the insured pe…
occupational class
14 terms
Life and Health Chapter 8
A company that has an employee who cou…
What agreements can eliminate problems…
Retirement plans under which the IRS a…
From the viewpoint of the employee, qu…
Key Employee
Buy and Sell
Qualified
Pre-tax
A company that has an employee who cou…
Key Employee
What agreements can eliminate problems…
Buy and Sell
15 terms
Life and Health Chapter 16
In ____ insurance, a large number of p…
_____ is a group formed by one employe…
______ is a group formed by a bank or…
While there is only one master contrac…
group and master
Single Employer Group
Creditor Group (Group Credit, Credit Life & Health)
certificate of insurance
In ____ insurance, a large number of p…
group and master
_____ is a group formed by one employe…
Single Employer Group
10 terms
Life and Health Chapter 17
The federal law which mandates a conti…
A system of marketing health insurance…
To avoid double payments in situations…
The type of group health policy in whi…
COBRA
Franchise
Coordination of Benefits
Blanket Health
The federal law which mandates a conti…
COBRA
A system of marketing health insurance…
Franchise
12 terms
Life and Health Chapter 12
Under a Basic Hospital plan, hospital…
A large deductible is characteristic o…
A provision which states that the poli…
A _____ is a medical expense policy fe…
miscellaneous (ancillary)
Major Medical
inside limit
Stop Loss
Under a Basic Hospital plan, hospital…
miscellaneous (ancillary)
A large deductible is characteristic o…
Major Medical
22 terms
Life and Health Chapter 15
The required provisions, in general, a…
The optional provisions, in general, a…
The Entire Contract; Changes provision…
The required provision which states th…
insured (or policyowner)
insured (policyowner) and company's
executive officer and agent
Time Limit on Certain Defenses (Incontestable)
The required provisions, in general, a…
insured (or policyowner)
The optional provisions, in general, a…
insured (policyowner) and company's
48 terms
Life and Health
A cash value build up continues with w…
A beneficiary type that does not allow…
All of the following are correct in de…
The living owner of an endowment polic…
Reduced paid up
Irrevocable
Premiums payable in furure are based upon your age at time of…
the cash value is equal to the face value
A cash value build up continues with w…
Reduced paid up
A beneficiary type that does not allow…
Irrevocable
12 terms
Life and Health Chapter 4
Annuities which make guarantees to the…
An Annuity can be purchased with eithe…
An insured who has a decreasing need f…
An insured who has an increasing need…
Lower
Single or by Periodic
Decreasing Term
Increasing Term
Annuities which make guarantees to the…
Lower
An Annuity can be purchased with eithe…
Single or by Periodic
21 terms
Life and Health Chapter 2
An alternative proposal by one of the…
The applicant's consideration consists…
As an agent, you are the legal represe…
The concept which states that a person…
Counter-offer
first months premium truthful statements
Insurance company
Insurable interest
An alternative proposal by one of the…
Counter-offer
The applicant's consideration consists…
first months premium truthful statements
44 terms
Life & Health Insurance Terms
A & H
Absolute Assignment
Accident
Accidental Death Insurance
Accident and Health
Assignment by the policy owner of all control and rights to a…
A fortuitous event, unforeseen and unintended
Form of health insurance that provides payment if death of in…
A & H
Accident and Health
Absolute Assignment
Assignment by the policy owner of all control and rights to a…
19 terms
Life and Health Chapter 3
The ____ always pays the deductible.
The best source of insurability inform…
The estimated claims costs for a life…
The federal legislation that protects…
Policyowner
Application
Mortality
Fair Credit Reporting Act
The ____ always pays the deductible.
Policyowner
The best source of insurability inform…
Application
12 terms
Life and Health Chapter 1
A device for the transfer of individua…
If an insurance company is admitted to…
A mutual company is operated for the b…
The principle that enables insurance c…
Insurance
Authorized Company
Policyowners
Large numbers
A device for the transfer of individua…
Insurance
If an insurance company is admitted to…
Authorized Company
16 terms
Life and Health
A cash value buuild up continues with…
A beneficiary type that does not allow…
All of the following are correct in de…
The living owner of an endowment polic…
A. Reduced paid up... B. Reduced Term ... C. Surrender for Cash... D.…
A. Primary... B. Allowable... C. Irrevocable... D. Revocable
A. The insured must provide evidence of insurability... B. Premi…
A. The policy is paid up... B. the cash value equals 80% of the…
A cash value buuild up continues with…
A. Reduced paid up... B. Reduced Term ... C. Surrender for Cash... D.…
A beneficiary type that does not allow…
A. Primary... B. Allowable... C. Irrevocable... D. Revocable
Life and Health
活力
生活
健身房
营养
(huó lì)... energy; vitality
(shēnghuó) life; livelihood
(jiànshēn fáng) ... gym
(yíng yǎng) ... nutrition
活力
(huó lì)... energy; vitality
生活
(shēnghuó) life; livelihood
96 terms
Life and Health
A cash value build up continues with w…
A beneficiary type that does not allow…
All of the following are correct in de…
The living owner of an endowment polic…
Reduced paid up
Irrevocable
Premiums payable in future are based upon your age at time of…
the cash value is equal to the face value
A cash value build up continues with w…
Reduced paid up
A beneficiary type that does not allow…
Irrevocable
Life and Health
散步
活力
生活
营养
(sàn bù) ... to go for a walk
(huó lì)... energy; vitality
(shēnghuó) life; livelihood
(yíng yǎng) ... nutrition
散步
(sàn bù) ... to go for a walk
活力
(huó lì)... energy; vitality
14 terms
Life and health
chicken pox
flu
cough
cut finger
varicela
gripe
toser
herida en el dedo
chicken pox
varicela
flu
gripe
180 terms
Life & Health
For how long is insurer required to ma…
For how long is insurer required to ma…
3 Non-forfeiture Options
For how long do insurers can postpone…
first 3 years
5 years
CER... 1. Cash surrender... 2. Extended Term... 3. Reduced Paid-up
6 months after policyowners request payment of cash surrender
For how long is insurer required to ma…
first 3 years
For how long is insurer required to ma…
5 years
366 terms
Life & Health
Which type of risk management techniqu…
Accept the risk associated with the lo…
Who selects risk for the insurer?
Speculative risk does not involve?
Transfer
Retaining
Home Office Underwriter
Insurance
Which type of risk management techniqu…
Transfer
Accept the risk associated with the lo…
Retaining
42 terms
Life and Health
The capital amount in a lump sum
Dreaded Disease Policy
Anyone willing to pay the premium
Funds exceeding the premium paid are t…
Anna looses her left arm in an accident that is covered by Ac…
Following would be an example of limited accident and health…
All of the following apply for Medicare except
Which is true about cash surrender nonforfeiture option
The capital amount in a lump sum
Anna looses her left arm in an accident that is covered by Ac…
Dreaded Disease Policy
Following would be an example of limited accident and health…
37 terms
LIfe and health
Identify the general uses of life Insu…
List and describe the legal elements o…
Explain the features of three types of…
Identify the features and beneficial c…
A. Create an estate... B. Pay estate taxes... C. Fund a business, t…
a. The offer comes from the insurance company to the applican…
Level Term - The premium and face amount remain level But onl…
Features are:... a. The premium remains the same throughout the…
Identify the general uses of life Insu…
A. Create an estate... B. Pay estate taxes... C. Fund a business, t…
List and describe the legal elements o…
a. The offer comes from the insurance company to the applican…
106 terms
Life Cycle Health unit
Endocrine System
Hypothalamus
Pituitary Gland
ACTH
promotes growth and maintains internal balance
controls pituitary gland
master gland with ACTH, HGH, LH, FSH, Oxytocin
stimulates adrenal growth
Endocrine System
promotes growth and maintains internal balance
Hypothalamus
controls pituitary gland
9 terms
Life & health
Accident
Activities of Daily Living (ADL's)
Actuary
Buy-Sell Agreement
An unplanned, unforeseen event which occurs suddenly and at a…
Activities individuals must do every day such as moving about…
A person trained in the technical aspects of of insurance and…
A legal contract that determines what will be done with a bus…
Accident
An unplanned, unforeseen event which occurs suddenly and at a…
Activities of Daily Living (ADL's)
Activities individuals must do every day such as moving about…
10 terms
Health life
Air the room
Dental hygiene
Follow a sensible diet
Get enough sleep
Wietrzyc pokoj
Higiena jamy ustnej
Rozsądnie sie odżywiać
Wysypiać sie
Air the room
Wietrzyc pokoj
Dental hygiene
Higiena jamy ustnej
LIfe/Health
When is it a formal contract? Mutual A…
What is a consideration (contract terms)
Void and Voidable Contracts.
Unequal Exchange
Acceptance because the company agrees and issues the policy
Promise to pay if the insured is covered under the policy.
Voidable: One party can void a contract, but doesn't have to.…
Pay premium for life insurance, but won't get anything back i…
When is it a formal contract? Mutual A…
Acceptance because the company agrees and issues the policy
What is a consideration (contract terms)
Promise to pay if the insured is covered under the policy.
343 terms
Life & Health Insurance
In insurance, a type of risk that invo…
A hurricane is an example of a(n)
Which of the following is an example o…
Which of the following is defined as i…
speculative risk: Speculative risk is risk that may result in…
Peril: A hurricane is an example of a peril. A peril is a con…
the loss of life: The loss of a life is a good example of pur…
Hazard: A hazard does indeed increase the number of, or the s…
In insurance, a type of risk that invo…
speculative risk: Speculative risk is risk that may result in…
A hurricane is an example of a(n)
Peril: A hurricane is an example of a peril. A peril is a con…
130 terms
Life and health
When must inaurable interest exist in…
An insured is covered under 2 group he…
When ken purchased his health policy h…
An employee quits her job where she ha…
At the time of application
$500- once the primary insurer has paid the full available be…
Consider decreasing the premium.
$8,000, 60 days. - generally, IRA rollovers must be completed…
When must inaurable interest exist in…
At the time of application
An insured is covered under 2 group he…
$500- once the primary insurer has paid the full available be…
115 terms
Life & Health:
Revocation
Suspension
Insolvency
Injunction Releif
Permananet licensing penalty action taken by the Superintende…
Temporary licensing penalty action taken by the Superintenden…
This occurs when an insurer's admits assets do not exceed the…
An act that has been requested in a petition to the court for…
Revocation
Permananet licensing penalty action taken by the Superintende…
Suspension
Temporary licensing penalty action taken by the Superintenden…
1,278 terms
Q-Bank Life & Health
Which of the following statements BEST…
With regard to insurance, risk can be…
The risk that involves the chance of b…
All of the following statements pertai…
It spreads financial risk over a large group so as to minimiz…
uncertainty regarding loss
speculative risk.
a stock market venture is an example of a pure risk
Which of the following statements BEST…
It spreads financial risk over a large group so as to minimiz…
With regard to insurance, risk can be…
uncertainty regarding loss
48 terms
Life & Health
Accumulation at interest option
Accidental death benefit (ADB)
Annuitant
Annuity
A dividend or settlement option under which the policyholder…
A rider added to a life policy that will pay double the face…
The party receiving the benefits of an annuity, similar to th…
An agreement by an insurer to make periodic payments that con…
Accumulation at interest option
A dividend or settlement option under which the policyholder…
Accidental death benefit (ADB)
A rider added to a life policy that will pay double the face…
12 terms
Life & Health
The insurer that gives the risk to the…
The item insured in the policy
In health insurance, the rate at which…
To restore a financial loss to the sta…
Ceding Company
Exposure Unit
Morbidity
Indemnity
The insurer that gives the risk to the…
Ceding Company
The item insured in the policy
Exposure Unit
22 terms
life skills health
Genetics
Environment
Habits
Attitudes
mom dad child
Home
eating and running
happy sad mad
Genetics
mom dad child
Environment
Home
61 terms
Life and Health
Diagnostic and Preventitive
Family Term Rider
Cash surrender
Broader in general
an important feature of a dental insurance plan, which is typ…
Which rider when attached to permanent life insurance policy…
Under what non forfeiture option does the company pay the pol…
In comparison to a policy that uses the accidental means defi…
Diagnostic and Preventitive
an important feature of a dental insurance plan, which is typ…
Family Term Rider
Which rider when attached to permanent life insurance policy…
71 terms
Life & Health
Insurance
Elements for insurance contract to be…
Concealment
Misrepresentation
A contract whereby one undertakes to indemnify another agains…
Competent parties, consideration, agreement, legal purpose
Failure to tell other party what they ought to know with the…
Lie
Insurance
A contract whereby one undertakes to indemnify another agains…
Elements for insurance contract to be…
Competent parties, consideration, agreement, legal purpose
152 terms
Life & Health
Absolute
Absolute Value
Accelerated benefit Rider
Accidental bodily injury
An assignment that occurs when the policyowner assigns all ri…
A medical exp plan that pays a fixed maxiumum dollar amount f…
Life ins rider which allows the insured to receive a portion…
Definition of accident in which the injury is unintentional a…
Absolute
An assignment that occurs when the policyowner assigns all ri…
Absolute Value
A medical exp plan that pays a fixed maxiumum dollar amount f…
21 terms
Life Style and Health
abricot
aider
alcool
alimentation
apricot
to help
alcohol
food
abricot
apricot
aider
to help
65 terms
Health & Life
Accelerated Benefits
Accumulation Period
Actual Cash Value (ACV)
Adjustable Life
Riders attached to LIP allow death benefits to cover nursing…
Time before annuitant's retirement the annuitant is making pa…
Required amount to pay damages or property loss. The amount i…
Life Insurance that permits changes to face amount, premium a…
Accelerated Benefits
Riders attached to LIP allow death benefits to cover nursing…
Accumulation Period
Time before annuitant's retirement the annuitant is making pa…
130 terms
LIFE & HEALTH
Reserves
insurable interest must exist when
Domestic insurer
Foreign
the accounting measure used by insurance companies to cover i…
at the time of application is made or when policy takes effect
in the state of GA
outside the state of GA
Reserves
the accounting measure used by insurance companies to cover i…
insurable interest must exist when
at the time of application is made or when policy takes effect
55 terms
Life & Health
A disability income policy social insu…
Which of the following describes an in…
What is the purpose of "key person" in…
An insured bought a $150,000 non-parti…
Provides a payment only when the insured is totally disabled,…
Insolvent (Correct Answer)
To cover decreased business earnings due to the death of a ke…
$150,000
A disability income policy social insu…
Provides a payment only when the insured is totally disabled,…
Which of the following describes an in…
Insolvent (Correct Answer)
63 terms
Health&Life
Risk
Pure risk
Speculative risk
Avoid
Chance of uncertainty or loss
Chance of loss, no chance of gain.(loss or no loss, insurable)
Uncertainty of loss, chance of gain.(loss or gain, not insura…
Avoiding any situation or event that involves a chance of los…
Risk
Chance of uncertainty or loss
Pure risk
Chance of loss, no chance of gain.(loss or no loss, insurable)
535 terms
Life and health
Which of the following is true about l…
What is the maximum period that an ins…
Which of the following is not true of…
Which of the following situations will…
Reinstatement fees may be double the unpaid renewal fee
For the duration of the disability or the contract, depending…
Benefits are considered taxable income to the business.
Contract holder is 55 1/2.
Which of the following is true about l…
Reinstatement fees may be double the unpaid renewal fee
What is the maximum period that an ins…
For the duration of the disability or the contract, depending…
life and health
Entire Contract
Time Limit on Certain Defenses
Grace period
Notice of Claim
The entire contract includes the policy and provisions, a cop…
No statement or misstatement (except fraudulent misstatements…
he grace period is the period of time after the premium due d…
provision requires insureds to notify the insurer of a potent…
Entire Contract
The entire contract includes the policy and provisions, a cop…
Time Limit on Certain Defenses
No statement or misstatement (except fraudulent misstatements…
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