Webce Test Questions |115 Questions| With Correct Answers.

from an insured's point of view, which definition of disability is more advantageous? own occupation any occupation presumptive disability partial occupation {Ans: own occupation is more advantageous to the insured}Len decided to surrender his policy for its cash value. All the following statements concerning his decision are correct EXCEPT: -the insurer will send len a check for the policy's cash surrender value -the insurer may decide to pay the cash value either in a lump sum or monthly installments -the policy is cancelled and the insurer's responsibility under the contract ends -the policy cannot be reinstated {Ans: It's not true that the insurer may decided to pay the cash value either in a lump sum or in monthly installments. The insurer is required to pay it in a lump sum}a group health policy in PA can exclude coverage for preexisting conditions for no longer than {Ans: 12 months after the enrollment date}when ralph is injured in an accident at home, he asks that the disability waiver of premium rider goes into effect. how will the policy's premiums be handled during the waiting period? {Ans: he must pay the premiums, which the waiver will repay f he