Pearson Vue Practice
Avoid double payment of benefits to an insured who has duplicate group coverages
Integrate Disability income benefits with Major Medical benefits
Investigate the claims history of an insured
Avoid duplicate claims to an employer for the same employee
Optionally Renewable
Noncancellable
Guaranteed Renewable
Conditionally Renewable
15
20
30
45
An inquiry for an offer
An offer
A counteroffer
An acceptance
The benefit paid for death caused by a dread disease
The monthly disability income paid if an insured loses a limb or the sigh in one eye
A lump sum payment made when disease causes the amputation of an arm or a leg
A lump sum payment made for an accidental dismemberment
Basic Hospital
Disability Buy-Out
Comprehensive Major Medical
Short-Term Disability Income
The insured may periodically increase the amount of benefits payable under the policy.
The insured may assign the policy to a member of the insured's family.
The insurer is not permitted to cancel the policy.
The insurer will issue the policy without a medical examination.
Pay the full claim
Pay the claim for a maximum of six months only
Deny the claim on the basis of misrepresentation
Deny the claim because it involves a pre-existing condition
The insured's estate
The brother's estate
The insured's son
The insured's spouse
Aleatory Contracts
Valued Contracts
Unilateral Contracts
Contracts of Adhesion
The applicant pays the initial premium
Conditions under which benefits are paid
Premiums will be refunded during the free look period
Certain claims will be excluded under the policy
When a change of beneficiary is requested
At the inception of the policy
When a beneficiary other than a relative is named
At the time a claim is submitted
25
50
75
100
A Guaranteed Insurability rider
An Exclusionary/Impairment rider
A Waiver of Premium rider
A Double Indemnity rider
Own occupation
Any occupation
Residual disability
Presumptive disability
Offset the high cost of Medicare
Provide additional retirement income to supplement Social Security retirement benefits
Provide additional benefits beyond those provided by Medicare
Provide a reinsurance network that spreads the Medicare risk among private insurance companies
A Health Maintenance Organization (HMO)
Medicaid
Meicare
A Multiple Employer Trust (MET)
Medical Information Bureau (MIB) report
Attending physician's report
Inspection report
Precertification Review
The period of time from the date of the loss until the benefits begin
The period of time from the date of the loss until benefits are actually received by the policyowner
The waiting period a new hire must satisfy prior to becoming eligible for group health coverage
The period of time once a claim is received by the insurance company before it pays benefits to the policyowner
Extension of coverage
Benefits clause
Riders
Exclusions
Collect any premiums due
Fully explain all exclusions and/or riders
Keep the policy in the producer's office for safe-keeping on behalf of the client
Review all benefits provided by the policy
Travel Accident
Medicare Supplement
Blanket
Long Term Care
It allows the insurer to deduct premiums due from the disabled insured's benefit payments.
It allows the insurer to increase the amount of premium during the insured's time of disability.
It allows the insured to extend the length of the Grace Period while disabled
It allows the insured to maintain a policy in force while disabled and unable to pay premiums.
Deny the claim due to the material misrepresentation on the applicaton
Pay the claim as filed because the policy becomes incontestable after two years
Pay the claim and cancel the policy
Adjust the benefits downward according to the benefits that X would have been entitled to based on the premiums
Time of Payment of Claims
Claim Forms
Notice of Claim
Payment of Claims