Indiana Health And Life Insurance Study Guide Questions And Correct Answers

payment of claims {Ans: Which of these is considered a mandatory provision}Proceeds will be payable to K's estate if P dies within a specified time {Ans: k is the insured and p is the sole beneficiary on a life insurance policy. Both are involved in a fatal accident where K dies before P. Under the Common Disaster provision, which if these statements is true}Medicare Supplement {Ans: A retiree on Medicare required five hospital stays in one year, which policy would provide the best insurance to excess hospital stays}Investor-Originated Life Insurance {Ans: Which of these arrangements allows one to bypass insurable interest laws}Certificate Authority {Ans: Which of the following permits an insurance company to transact business in Indiana}level term {Ans: D needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. What kind of policy is needed?}