2-15 Insurance License Exam With 100% Verified Answers Guaranteed Pass + A Grade

_____________ health insurance is issued to cover a group who may be exposed to the same risks, but the composition of the group is constantly changing. {Ans: Blanket}Which of the following best describes the basic principal of group insurance? {Ans: It provides coverage for a number of people under a single contract.}Basic Medical Expense insurance limits coverage to specific types of medical care. {Ans: TRUE}Henry has a Life with Period Certain annuity (life or ten years) in which is wife, Harriet, is beneficiary. If Henry dies after 5 years, what will Harriet receive? {Ans: Payments for the remaining five years}What does OASDI stand for? {Ans: Old Age, Survivors, Disability & Hospital Insurance}An agreement that provides that upon a business owner's death, surviving owners will purchase the deceased's interest, often with funds from life insurance policies owned by each principal on the lives of all other principals is the: {Ans: Buy-Sell plan.}