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15 Cards in this Set
- Front
- Back
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Will's insurance policy will pay his expenses for hospitalization, surgeries, and doctors' care. Which type of health insurance coverage is this?
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Basic medical benefits
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Barry has been out of work for months because he has crippling arthritis. He receives monthly income from his insurance policy. Which type of insurance is this?
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Disability
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Jim has term life insurance that is soon to expire; however, the policy allows him to continue the policy without getting a physical exam. Which type of insurance is this?
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Renewable
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Mark has term life insurance that is about to expire; his policy allows him to modify the policy to make it permanent without taking a physical exam. Which type of insurance is this?
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Convertible
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Juan is willing to pay the premiums to have life insurance during his entire lifetime. Which type of insurance is this?
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Permanent
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Trish plans to pay life insurance premiums for only a few years but have coverage for her full life. Which type of insurance is this?
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-Limited-payment life
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Tim has life insurance that allows him to change the amount he pays and the amount of the death benefit. Which type of insurance is this?
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Universal life
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Leon bought life insurance that allows him to borrow against it when he needs money for emergency expenses that. Which type of insurance is this?
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Whole-life
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Nate has insurance that covered part of the costs of his stay in a rehabilitation center. Which type of insurance is this?
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Long-term care
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Pat has insurance that covers most of the costs of his cancer treatments over a period of several months. Which type of insurance is this?
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Major medical
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When Ben selects health insurance for his employees, he wants the policy to include a feature that the policyholder and insurer will each pay a portion of the cost of the medical bills. Which insurance policy feature is this?
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Deductible
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Janet can choose her doctors, pay for the services during her visit and then file insurance for reimbursement. Which insurance plan is this?
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Fee-for-service plan
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Since Janet was being treated for diabetes when she purchased health insurance, her health plan will not pay for her diabetes treatments. Which insurance policy feature is this?
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Pre-existing condition
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Mark recently left his job, but a law makes him eligible to keep his same health insurance for up to 18 months if he is willing to pay for it. Which insurance policy feature is this?
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COBRA
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Max received an annual statement that says the whole life policy he owned for ten years is now worth $1000. Which insurance policy feature is this?
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-Cash value
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