Life Accident and Health Exam Ohio| 50 Questions| Correct Answers aunthentic(SCORED A+)

Death Insurance - ANSWER A form of Health Insurance that provides payment if death of the insured results from an accident. Is often combined with dismemberment insurance Accumulation at Interest Option - ANSWER A dividend option under which the policy owner allows dividends to accumulate at interest with the company. Only the interest on the dividends is taxable as income. Aleatory Contract - ANSWER A contract in which both parties know that one or the other may receive more than paid in. Automatic Premium Loan - ANSWER A provision in a Life policy authorizing the insurance company to use the loan value to pay premiums not paid by the end of the grace period. Never present in term life policies Blanket Insurance Contract - ANSWER A contract of Health Insurance that covers all of a class of persons not individually identified. No certificates are issued and people covered may not even know