Insurance Questions

Unless specifically requested as part of the contract or __________, the estate or heirs of a deceased beneficiary will not ____________ in this case

With one exception (partial disability), an insured must be ____________ before benefits under a disability income policy are payable

Every applicant for insurance is individually reviewed by a______________ to determine if the applicant meets the standards established by the company to qualify for its life insurance coverage.

Group life policies must contain a __________ that allows individual insured members to convert to an ______ without evidence of insurability

The application for insurance is the basic source of _______________ it is a written request made by the applicant to the insurer asking for an ____________ based on the information provided

In most cases, the employee's company who is the __________, selects the type of insurance coverage, which may be either _______ or _____ insurance

Under __________ , Insurance companies will require that _________ of the eligible employees can be included in the plan

In group insurance, _______________ is usually not required if participant enrolls during the ___________ and participants under the plan do not receive a policy nor do they own or control

The life income option with a period certain pays a __________ for as long as the beneficiary lives

Many insurers offer a waiver of premium rider that also includes

Instead participants receive ________ indicating that they're included in the coverage

interest paid by an insurer on policy proceeds is

Small employers that employ less than _______ employees for each working day across each of ________ calendar weeks in the current year or preceding year can use Medicare as a ____________ for claims

The life income option provides the _______ with an ________ that they cannot outlive

The _________ the installment the ______ the payout period

When the fixed period or period certain option is chosen, the death benefit _______________ over a set period of years

Life settlement option liquidates ________ and ________ with regard to life contingencies

The joint and survivor option guarantees that ___________ on a long-life basis to ___________

Insurers typically place a ceiling on the _____________ they will issue on any one applicant, based on __________________

The primary living benefit that a whole life (permanent life) insurance plan possesses during the life of the policy