Homework Answers
Insurance premiums and elimination periods have an inverse relationship. The shorter the elimination period, the higher the premium will be; the longer the elimination period, the lower the premium will be. When making a decision about the length of elimination period to choose, it is important for the policy holder to consider his ability to pay for care expenses.
The option is a shorter elimination period.
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2. Which of the following changes would tend to increase the premium on a disability policy?...
13. Which one of the following is TRUE about Social Security disability income? a. To qualify,...
13. Which one of the following is TRUE about Social Security disability income? a. To qualify, the least strict definition of disability must be met. b. There is no elimination period. c. Benefits depend on previous earnings history. d. You can collect even if you haven't worked in the last 10 years. 14. Which one of the following is the least strict definition of disability? Own occupation Any occupation for which reasonably suited The Social Security definition Confined to your...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Scenario: Disability Insurance Claims Handling at InsureIT We consider the following business pro...
Scenario: Disability Insurance Claims Handling at InsureIT We consider the following business process for handling insurance claims for disability insurance[1] at an insurance company InsureIT. The process starts when a customer lodges a disability claim. To do so, the customer fills in a form including a 2-page questionnaire describing the disability. The customer can submit the form physically at one of the branches of InsureIT, by postal mail, fax or simply via e-mail (digitally-signed document). When a claim is received,...
1. Which of the following contributes to high hcalth care cost? a. Growth of technology b....
1. Which of the following contributes to high hcalth care cost? a. Growth of technology b. Uniform practice standards c. Alternative model of healthcare d. Single payer insurance 2. All statcs provide the same bcnefits for thcir Mcdicaid paticncc. (Truc or falsc) 3. The market justice thcory is linked to single playcr (i.s senator sanders) hcalth insurance (True or false) 4. Mcdicaid offers better than CHIP to foster children becausc a. because more health care providers accept Medicaid than CHIP...
ACC206: Financial Reporting 3.0 1. When bonds are sold at a discount and the effective interest...
ACC206: Financial Reporting 3.0 1. When bonds are sold at a discount and the effective interest method is used, at each subsequent interest payment date, which of the following is true? a. The cash paid for interest is less than the effective interest expense. b. The cash paid for interest is equal to the effective interest expense. c. The cash paid for interest is more than if the bonds had been sold at a premium. d. The cash paid for...
14) Which of the following statements about life income settlement options is (are) true 1. Under...
14) Which of the following statements about life income settlement options is (are) true?I. Under a joint-and-survivor life income option, payments cease at the death of the second (last) surviving) annuitant,II. Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.A) I onlyB) II onlyC) both I and II]D) neither I nor II15) Bruce left a question about heart disease blank on his life insurance application...
We are going to assume the class is a group of policy makers at a large...
We are going to assume the class is a group of policy makers at a large insurance company – ABC HMO. Part of our pay is based on the company's financial performance for the current year. Specifically, the company looks at actual vs. projected medical expenses per member. The expected is based on last year's actual adjusted for inflation. One of our planners read the below article in the NY Times and recommends we reduce our coverage of routine breast...
Question 1 (1 point) Saved Social Security is an example of 2 of the following definitions...
Question 1 (1 point) Saved Social Security is an example of 2 of the following definitions ________________> 1. Means tested program; 2. Entitlement program 3. Social insurance or 'Safety Net' program: 4. Unearned benefit program Question 1 options: A) 1 & 4 B) 1 & 3 C) 2 & 4 D) 2 & 3 Question 2 (1 point) Saved According to Activity Theory: Question 2 options: Successful aging is interaction primarily with members of one’s...
True/False (1 Point each) 1) When bond prices decrease, their yields to maturity increase. 2) The...
True/False (1 Point each) 1) When bond prices decrease, their yields to maturity increase. 2) The best forms of money and financial systems enjoy the benefits of trust, belief, and stability. 3) A fundamental function of a commercial bank is to take in deposits and make loans. 4) Traditional banks operate with low margins and high leverage. 5) Rates on bonds issued by a government can be negative. 6) ) The default risk premium is the same as the credit...
Please help me answer theses practice questions QUESTION 2 Which of the following can a country...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
13. Which one of the following is TRUE about Social Security disability income? a. To qualify, the least strict definition of disability must be met. b. There is no elimination period. c. Benefits depend on previous earnings history. d. You can collect even if you haven't worked in the last 10 years. 14. Which one of the following is the least strict definition of disability? Own occupation Any occupation for which reasonably suited The Social Security definition Confined to your...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
1. Which of the following contributes to high hcalth care cost? a. Growth of technology b. Uniform practice standards c. Alternative model of healthcare d. Single payer insurance 2. All statcs provide the same bcnefits for thcir Mcdicaid paticncc. (Truc or falsc) 3. The market justice thcory is linked to single playcr (i.s senator sanders) hcalth insurance (True or false) 4. Mcdicaid offers better than CHIP to foster children becausc a. because more health care providers accept Medicaid than CHIP...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
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