Life & Health Insurance Exam Questions With 100% Complete Correct Answers

A stay at home father wants to open up an IRA. What is required in order for him to do so? {Ans: Be married to a spouse that has earned income}Precertification, Mandatory Second Surgical Opinion, and Concurrent Review are provisions in health insurance policies known as: {Ans: Case Management Provisions}A certain major medical policy states a maximum number of days for which convalescent care will be paid as well as a maximum number of X-rays that will be paid for under any one claim. These are examples of: {Ans: Inside Limits The limits sometimes placed on specific coverages in a major medical policy are called inside or internal limits. These limits resemble scheduled benefits, as to the fact that they are stated in the policy as either maximum lifetime limits or limits per policy period. Either way they are stated inside the policy.}Under Workers' Compensation, a disability that is a permanent physical impairment leaving the individual incapable of performing the previous regular occupation, but capable of performing some other type of work, is a: {Ans: Permanent partial disability}The tendency for poor risks to seek and be covered for insurance more than average risks is known as: