Life, Accident and Health Exam – comprehensive insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance licensing study guide and exam review material.pdf
Life, Accident and Health
Exam – comprehensive
insurance licensing study
guide and exam review
material
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Life, Accident and Health Exam – comprehensive insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance licensing study guide and exam review material.pdf
,Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
Annuity -A contract between a person and an insurance company that requires the insurer to
make payments to you.
-You buy an annuity by making either a single payment or a series of payments
-Annuity Death benefits are NOT tax deductible or taxfree
Dividends -Declared by the board of directors and cannot be guaranteed
-A sum of money paid regularly by a company to its shareholders out of its profits
Stock Insurers -Owned by the stockholders who elect the board of directors.
-Profits are paid to the stockholders.
Frequency -When the pricing principle is defined in a disability policy by a financial loss in a
certain group occuring over a certain period of time.
Beneficiary One who receives benefits
Medi-Cal health care program for the poor
Medicare A - provides coverage for hospital services, free to those who reach 65)
B - provides coverage for doctor services (optional)
C - does NOT cover prescription drugs
D - Prescription Drugs
Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
, Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
Utmost Good Faith -Allows each party to rely on the representation made by other party
Patient Protection & Affordable Care Act (PPACA) This is the health care reform law. Focuses on reform of the private health insurance
market; providing better coverage for those with pre-existing conditions; improving
prescription drug coverage in Medicare.
Period Probationary-
Elimination- the waiting period included in disability income policies
Grace-
Waiting (deductible)- The period of time the insured is not eligible for benefits once
they become disabled (30, 60, 90days)
Coinsurance -Feature of Major Medical insurance
-Defined as sharing the loss after the deductible has been satisfied
-Usually expressed as percentage sharing of the loss between the insurer and the
insured
-Insurer pays the larger percentage, such as 90/10
Gatekeeper -Primary Care Physician
-Cannot be a specialist, must be a general practice doctor.
Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance licensing study guide and exam review material.pdf
Life, Accident and Health
Exam – comprehensive
insurance licensing study
guide and exam review
material
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Life, Accident and Health Exam – comprehensive insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance
Life, Accident
licensing
and study
Healthguide
Examand
–exam
comprehensive
review material.pdf
insurance licensing study guide and exam review material.pdf
,Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
Annuity -A contract between a person and an insurance company that requires the insurer to
make payments to you.
-You buy an annuity by making either a single payment or a series of payments
-Annuity Death benefits are NOT tax deductible or taxfree
Dividends -Declared by the board of directors and cannot be guaranteed
-A sum of money paid regularly by a company to its shareholders out of its profits
Stock Insurers -Owned by the stockholders who elect the board of directors.
-Profits are paid to the stockholders.
Frequency -When the pricing principle is defined in a disability policy by a financial loss in a
certain group occuring over a certain period of time.
Beneficiary One who receives benefits
Medi-Cal health care program for the poor
Medicare A - provides coverage for hospital services, free to those who reach 65)
B - provides coverage for doctor services (optional)
C - does NOT cover prescription drugs
D - Prescription Drugs
Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
, Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
Utmost Good Faith -Allows each party to rely on the representation made by other party
Patient Protection & Affordable Care Act (PPACA) This is the health care reform law. Focuses on reform of the private health insurance
market; providing better coverage for those with pre-existing conditions; improving
prescription drug coverage in Medicare.
Period Probationary-
Elimination- the waiting period included in disability income policies
Grace-
Waiting (deductible)- The period of time the insured is not eligible for benefits once
they become disabled (30, 60, 90days)
Coinsurance -Feature of Major Medical insurance
-Defined as sharing the loss after the deductible has been satisfied
-Usually expressed as percentage sharing of the loss between the insurer and the
insured
-Insurer pays the larger percentage, such as 90/10
Gatekeeper -Primary Care Physician
-Cannot be a specialist, must be a general practice doctor.
Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf Life, Accident and Health Exam.pdf
