Life And Health Insurance Exam Portage Learning Microbio 235 Biod Question And Answer

Pat is covered by a disability income insurance policy that covers disabilities arising from a work-related illness or injury. The amount of his disability income payments for an on-the-job injury may be reduced by {Ans: Benefits paid under workers' compensation}Which action will trigger a penalty tax on premature distributions from a modified endowment contract (MEC)? {Ans: Policy loans}A major medical expense plan typically includes coverage for hospital room and board. Which of the following is normally covered under the category "room and board"? {Ans: General nursing care}Accident and health insurance claim handling is made more convenient to the insured by utilizing {Ans: assignment of benefits}If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased {Ans: At least once per year from when benefits begin}A retirement plan that sets aside part of the company's net income for distributors to qualified employees is called a {Ans: Profit-sharing plan}