Louisiana Life And Health Insurance Questions And Answers 100% Verified A+ Guaranteed

How is the amount of Social Security disability benefits calculated? {Ans: It is based upon the Primary Insurance Amount (PIA), which is calculated from their Average Monthly Earnings over their highest 35 years}If the annuitant dies during the accumulation period, who will receive the annuity benefits? {Ans: Beneficiary}The insuring clause of a disability policy usually states all of the following EXCEPT a. That insurance against loss is provided b. The types of losses covered c. The method of premium payment d. The identities of the insurance company and the insured {Ans: C}Which of the following is NOT a goal risk retention? a. To minimize the insured's level of liability in the event of loss b. To reduce expenses and improve cash flow c. To increase control of claim reserving and claims settlements d. To fund losses that cannot be insured {Ans: A}Something of value exchanged between the insurer and the insured is considered an {Ans: Consideration}An applicant for an individual health policy failed to complete the application properly. Before being able to complete the application and pay the initial premium, she is confined to a hospital. This will not be covered because she had not