Life And Health Insurance Exam With 100% Correct Answers

Insurability {Ans: The acceptability of an applicant who meets an insurance company's underwriting requirements for insurance.}health insurance {Ans: Protection against loss due to sickness or bodily injury.}intentional injury {Ans: An act that is intended to cause injury. Self-inflicted injuries are not covered under accident insurance; intentional injuries inflicted on the insured by another are covered.}Group Life {Ans: Life insurance provided for members of a group.}endorsement {Ans: A form of changing the provisions of and attached to a life insurance policy, also known as a rider}Medicaid {Ans: Medical benefits program jointly administered by the individual states and federal government}Certificate of Insurance {Ans: A legal document that indicates that an insurance policy has been issued, and that states both the amounts and types of insurance provided.}Explanation of medical benefits {Ans: A statement sent to a Medicare patient indicating how the Medicare claims will be settled}morbidity rate {Ans: The ratio of the incidence of sickness to the number of wealth persons in a given group of people over period of time}annuity {Ans: A contract that provides income for a specified Period of years or for life}ancillary {Ans: Additional miscellaneous services provided by