What Is A Universal Life Insurance Policy? Universal life (UL) insurance is a form of permanent life insurance with an investment savings element plus low premiums. The price tag on universal life (UL) insurance is the minimum amount of a premium payment required to keep the policy. Beneficiaries only receive the death benefit. What happens
What Is The Basic Purpose Of Insurance? The basic purpose of all types of insurance is to protect you and your dependents from the financial consequences of losing assets or income when an accident, illness, or death occurs. What is purpose and need of insurance? Need for Insurance Insurance plans are beneficial to anyone looking
What Does Title Insurance Protect Against? Title insurance protects lenders and buyers from financial loss due to defects in a title to a property. The most common claims filed against a title are back taxes, liens, and conflicting wills. What problems does title insurance cover? Title insurance is a type of insurance policy meant to
Which Type Of Health Insurance Provider Generally? HMO: Health Maintenance Organizations HMO plans typically require patients to have referrals from a primary care physician, and won’t cover out-of-network care. What is the most common health insurance type? HEALTH MAINTENANCE ORGANIZATION (HMO) … PREFERRED PROVIDER ORGANIZATION (PPO) … HIGH-DEDUCTIBLE HEALTH PLAN (HDHP) WITH A HEALTH SAVINGS
Which Of The Following Is Not True Regarding A Family Policy That Covers Children? Which of the following is NOT true regarding a family policy that covers children? Conversion of child’s coverage to permanent insurance requires evidence of insurability. Conversion of child’s coverage to permanent insurance does NOT require evidence of insurability. What types of
What Type Of Policy Allows The Insurance Company To Cancel A Policy At Any Time? Cancelable insurance is a type of policy that either the insurance company or the insured party may terminate during the coverage term. Usually, the insured can terminate a cancelable policy at any time, but If the insurer cancels the policy,
Can I Stop Paying My Health Insurance From Covered California? If you need to cancel your health or dental plan, you can do so by logging in to your Covered California account. Covered California requires at least 14 days advance notice to process this request. It is strongly recommended that you request plan termination to
Can I See Doctor If Health Insurance Isn’t Active? Sometimes, a payment is missed or forgotten, which in turns becomes inactive for the time of service.” When this situation happens, staff can give the patient the information so they can make the payment or contact the insurance company to verify that payment was received, White
Can Employees Opt Out Of Employer Health Insurance? There is no penalty for opting out of coverage. When an employee doesn’t want health insurance from their employer, they waive coverage. Or, employees can waive coverage on behalf of a family member who was previously under their plan. A waiver of coverage is a form employees
Can I Cancel Personal Health Insurance Any Time? Yes, you can drop health insurance at any time. If you need to cancel your health insurance policy, contact your HealthMarkets agent, or give us a call at (800) 304-3414 and we can help you with your options. We can also help you compare plans if you