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Pansy Bednar

Lvl 10
2y ago
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Cards in this guide (12)
Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

decreasing term insurance...

Which term is defined as the payment an insured makes to the insurance company on a regular schedule

premium

Which type of insurance offers benefits to help with living expenses when a person is unable to work during illness or from an accident

disability insurance.....

Which of these is an element of limited payment life insurance

this life insurance policy has premium payment for a set number or years....

Who receives the benefits or money from a life insurance policy upon the death of the insured

The beneficiary designated on the policy application is the recipient. Usually, a secondary ("contingent") beneficiary is also named in the event that the primary beneficiary dies before the insured.

The estate of the deceased can also be the beneficiary if it is named as such or if there are no named beneficiaries or if all of them die before the insured. In that event, the insurance proceeds become a part of the estate and are distributed according to the insured's Last Will and Testament. If the insured dies without a Will, the estate, including the insurance proceeds, pass according to state law according to the laws of intestate succession.

Which of these is an element of term life insurance

This life insurance policy is worth only the face value.

Which of these statements describes the elements of a traditional fee-for-service health insurance plan

It is usually the most expensive healthcare choice but offers the most flexibility.

Which of these is an element of whole life insurance

under this type of policy, the insured pays premiums for his or her entire life :)

thankkk emery.s (;

Which of these is an element of universal life insurance

This life insurance policy has two different types of death benefits.

Which of these types of insurance is also known as ordinary or straight life insurance

whole life insurance...

Which type of insurance will pay for the loss of the insured's leg or arm

Accidental Death or Dismemberment

did you know people eat toilet paper in prison so they wont starve..........

Which of these statements describes the elements of long term care insurance

They cover the cost of services for a person living in a nursing home or in an assisted living facility.

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