Life And Health Final Exam Questions And Answers (2024/2025) (Verified Answers) Already A+ Graded.

What is a "functional assessment " for long term care benefits {Ans: A review of the insureds ability to perform the activities of daily living}Who regulates an insurers claim settlement practices? {Ans: State insurance departments}Life insurance premiums are computed on what three factors {Ans: Mortality, interest, expenses}The ACA established 'exchanges' in order to {Ans: Assist individuals and small businesses when making their health insurance policies}When would evidence of insurability be required for a person already covered with a variable universal life policy {Ans: When the death benefit is increased}Larry has a major medical expense policy for his family with a $1000 per family/per year deductible and an 80/20coinsurance provision. If Larry's family files for claims of $400, $800, $100, and $700in one year, how much will the insurance company pay? {Ans: $800}