Question:

Answer: c. Workers’ compensation insurance compensates workers who are injured on the job or become ill through work-related causes.

Question:

Answer: b. Many policies offer inflation protection riders for an additional premium.

Question: Disability income policies usually have a(n) _____, which is a time delay from the date of the issuance of the policy until benefit privileges are activated.

probationary period

waiting period

internal limit period

outer limit period

elimination period

Answer: probationary period

Question:

Answer: b. The amount of unused money in the health reimbursement account can be rolled over annually.

Question:

Answer: $2,000

Question:

Answer: e. to reduce the number of uninsured citizens in the country.

Question: You would have a better chance of choosing your own doctor with a preferred provider organizations (PPO) plan than with a health maintenance organizations (HMO) plan.

true

false

Answer: True

Question: When purchasing a long-term-care policy,

1. the optional renewability provision is recommended

2. b. the guaranteed renewability provision is recommended

3. c. the non-renewability provision is recommended

4. d. the automatic renewability at reduced premium is recommended

5. Answer: b. the guaranteed renewability provision is recommended

6. Question: A _____ is standard in disability income policies.

7. deflation protection

8. home insurance coverage

9. noncancelable agreement

10. long-term-care insurance

11. waiver of premium

12. Answer: waiver of premium

13. Question:

14. Answer: b. means of risk reduction such as risk avoidance