Cơ bản về Tai nạn & Sức khỏeCâu 484 / 716
Many disability income policies include a waiver of premium feature that:
a.Doubles the monthly disability benefit for as long as the insured remains totally disabled
b.Shortens the policy's elimination period to zero days so that monthly benefits begin on the first day of a disability
c.Adds a lump-sum death benefit payable to the insured's named beneficiary at no extra cost
d.Stops premium payments while the insured is disabled, usually after a waiting period, keeping the policy in force
Giải thích
The waiver of premium feature in a disability income policy relieves the insured of paying premiums once they have been disabled for a specified period (often 90 days), and coverage continues without payment while the disability lasts. It does not eliminate the elimination period, double the benefit, or add a death benefit. The feature protects the policy from lapsing at the very time the disabled insured may struggle to pay premiums.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- Under a 'capitation' payment arrangement, an HMO pays a network physician:
- In an HMO, the primary care physician often serves as a 'gatekeeper,' which means the physician:
- A Point-of-Service (POS) health plan is best described as:
- Under a 'guaranteed renewable' health policy, the insurer:
- A 'conditionally renewable' policy allows the insurer to decline renewal:
- An 'optionally renewable' health policy gives the insurer the right to:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)