Which is the amount charged for insurance?policybenefitpremiumdividend
Which factors affect insurance premiums? Select all that apply.agehealthlifestylemedicaldividendscoveragebeneficiaries
Jewel is a 25-year-old non-smoker who is starting a term-life policy. She enjoys reading and likes to walk around the small lake near her house for daily exercise. She lives with her mother who has a history of heart problems.Which factor would negatively impact Jewel's insurance premium?Jewel is relatively old so her premium may go up.Jewel’s hobbies are high-risk so her premium may go up.Jewel’s lack of physical activity may cause her premium to go up.Jewel’s family’s medical history may cause
Which statement best compares the benefits offered by term-life insurance and whole-life insurance?Both types of insurance can be used for the education of the beneficiaries.Both types of insurance offer coverage for the rest of the policyholder’s life.Only term-life insurance policies often have a cash-value that can be borrowed against.Only whole-life insurance policies can be used for paying debts and business expenses.
Which best explains the difference between the cost of disability insurance and long-term care insurance?Only disability insurance policy holders pay premiums.Only long-term insurance policy holders pay dividends.Only long-term insurance policy holders cover costs during sick leave.Only disability insurance policy holders cover costs during the waiting period.
Mireya was injured in a car accident and will be unable to work for two months while she recovers. She has been instructed by her employer to file a claim.Which type of insurance would benefit Mireya in this situation?a term-life policy to ensure that Mireya receives dividendsa long-term disability policy to ensure that Mireya has coverage for a yeara long-term care policy to ensure that Mireya receives long-term, in-home carea short-term disability policy to ensure that Mireya gets paid for the
Which policy type would pay for training for a family member of a policyholder?term-life insurancewhole-life insurancelong-term care insuranceshort-term disability insurance
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