What Is The Clause That Describes The Method Of Paying The Death Benefit In The Event? What is the clause that describes the method of paying the death benefit in the event that the insured and beneficiary are both killed in the same accident? Common disaster clause. What is Indisputability clause in insurance? Section 45
What Is The Difference Between PPO And EPO? A PPO (or “preferred provider organization”) is a health plan with a “preferred” network of providers in your area. You do not need to select a primary care physician and you do not need referrals to see a specialist. … An EPO (or “exclusive provider organization”) is
What Is Meant By Insurance Agent? An insurance agent is a professional who sells an insurance company’s products to consumers for a commission. … There are two types of insurance agents: Captive agents typically represent only one insurer. Independent insurance agents typically represent more than one insurer. Why are you an insurance agent? As an
What Is The Period Of Time After The Premium Is Due During Which The Policy Remains In Effect? The grace period is a stated period of time after the premium due date during which the policy remains in force even though the premium has not been paid. The grace period applies to premiums other than
What Is The Person Who Receives Financial Protection From A Life Insurance Plan Called? The person who receives financial protection from a life insurance plan is called a beneficiary. Who you should never name as beneficiary? Whom should I not name as beneficiary? Minors, disabled people and, in certain cases, your estate or spouse. Avoid
What Is The Purpose Of A Disclosure Statement In Life Insurance? Jan 6, 2020 — A disclosure statement is a statement in an official document that spells out the terms and conditions, features, benefits, risks, and rules in a 1 answer · 0 votes: Question: a) To explain features and benefits of a proposed policy
What Is The Purpose Of Life Insurance Guaranty Association? Life and health insurance guaranty associations were created to protect state residents who are policyholders and beneficiaries of policies issued by a life or health insurance company that has gone out of business. What is the purpose of the Life Insurance Guaranty Association quizlet? What is
What Is The Purpose Of Time Of Payment Of Claims Provision? The purpose of the Time of Payment of Claims provision is to prevent the insurance company from delaying claim payments. What is provision for claims? A claim provision is a clause in an insurance contract that sets forth the procedure to be followed in
What Is The Purpose Of A Conditional Receipt Quizlet? What is the purpose of a conditional receipt? It is intended to provide coverage on a data earlier than the date of the issuance of the policy. An agent and an applicant for life insurance policy fill out and sign the application. What is the purpose
What Is Current Assumption Whole Life? Current Assumption Whole Life Insurance — a nonparticipating whole life policy that acts similarly to a universal life insurance policy in that it has an accumulation account from which mortality and other costs are deducted while interest is credited based on investment results. What is the major difference between