Indiana Life and Health Insurance State Exam Simulator Accurate 100%
An architecture firm would stand to lose a lot of money in the event of the death of its project manager. Which type of policy should the firm purchase on its project manager? - ANSWER Universal life insurance Key Person insurance Graded insurance Executive insurance Correct. Key person insurance is a type of life insurance policy that provides a death benefit to a business if its owner or another significant employee passes away. If a retiree on Medicare required five hospital stays in one year, which policy would provide the best insurance for excess hospital expenses? - ANSWER Long-term care Indemnity Medicare Supplement Medicaid Correct. In this situation, a Medicare Supplement policy would provide the subscriber the best coverage for excess charges.
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