Question

Uninsured motorist protection usually provides protection to your car if a hit-and-run incident occurs.

Question 1 options:

	1) True
	2) False

Question 2 (0.5 points)

A peril is a cause of loss.

Question 2 options:

	1) True
	2) False

Question 3 (0.5 points)

Saved

Medicare Advantage policies require payment from the policyholder in the form of a deductible.

Question 3 options:

	1) True
	2) False

Question 4 (0.5 points)

Saved

The life insurance needs of beneficiaries are secondary since most proceeds are paid to living policyholders.

Question 4 options:

	1) True
	2) False

Question 5 (0.5 points)

Health Maintenance Organizations (HMOs) provide pre-paid health care to participants.

Question 5 options:

	1) True
	2) False

Answer 1

Ans) 1) False

Explaination:

- Uninsured motorist property damage coverage helps pay for repairs if your car is damaged by another driver without insurance. And in some states where it is available, uninsured motorist property damage does not cover hit-and-run accidents, according to the Insurance Information Institute.

2) True

Explaination:

- A peril is an event or circumstance that causes or may potentially cause a loss. Examples of perils include fire, flooding, hailstorms, tornadoes, hurricanes, auto accidents, or home accidents, such as falling.

3) False

Explaination:

- A Point of Service (POS) plan is a type of managed healthcare system that combines characteristics of the HMO and the PPO. Like an HMO, you pay no deductible and usually only a minimal co-payment when you use a healthcare provider within your network.

4) False

Explaination:

- The life insurance needs of beneficiaries are secondary since most proceeds are paid to living policyholders.