Personal Finance Canadian 7th Edition Kapoor Test Bank

Personal Finance Canadian 7th Edition
Kapoor Test Bank

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Chapter 09 - Life, Health, and Disability Insurance
Chapter 09
Life, Health, and Disability Insurance
True / False Questions
1. Most people buy life insurance to protect someone who depends on them from financial
losses caused by their death.
TRUE
Accessibility: Keyboard Navigation

Difficulty: Easy
Learning Objective: 09-01 Define life insurance and describe its purpose and principle.
Topic: 09-01 Life Insurance: An Introduction
2. The principle of home insurance can be applied to the lives of persons.

TRUE

Difficulty: Medium
3. Single persons living alone have little or no need for life insurance.
TRUE

Difficulty: Medium
Learning Objective: 09-02 Determine your life insurance needs.
Topic: 09-05 Determining Your Life Insurance Needs
9-1
4. Life insurance may be used as a way to provide liquidity at the time of death.
TRUE

Difficulty: Easy
5. Households with small children most often have the greatest need for life insurance.
TRUE

Difficulty: Easy
6. The easy method of estimating life insurance requirements is remarkably useful.

TRUE

Difficulty: Medium
7. Renewable term and decreasing term are types of whole life policies.
FALSE

Difficulty: Medium
Learning Objective: 09-03 Distinguish between the types of life insurance policies and analyze various types of life insurance.
9-2
8. A term insurance policy pays a benefit only if you die during the period that the policy
covers.
TRUE

Difficulty: Easy
9. The premium for the whole life policy increases with your age.
FALSE

Difficulty: Easy
10. If you wish to pay exactly the same premium each year, you would choose a participating
policy.
FALSE

Difficulty: Easy
11. A nonparticipating policy has somewhat higher premiums than a participating policy.
FALSE

Difficulty: Medium
9-3
12. Universal life is a type of permanent life insurance

TRUE

Difficulty: Medium
13. Double indemnity is when the insurance company pays twice the face value of the policy
if the insured's death results from an accident.
TRUE

Difficulty: Easy
Learning Objective: 09-04 Select important provisions in life insurance contracts.
Topic: 09-13 Important Provisions in a Life Insurance Contract
14. A rider is any document attached to the policy that modifies its coverage by adding or
excluding specified conditions or altering its benefits.
TRUE

Difficulty: Medium
15. The incontestability clause stipulates that the insurance company can dispute the validity
of the policy during the insured's lifetime.
FALSE

Difficulty: Medium
9-4
16. The policy loan provision does not permit you to borrow any amount up to the cash value
of the policy.
FALSE

Difficulty: Easy
17. Even though it is expensive, you should consider the accidental death benefit in a life
insurance policy.
FALSE

Difficulty: Medium
18. The accidental death benefit is often called double indemnity.

TRUE

Difficulty: Medium
19. Agents and direct insurers represent multiple insurance companies and can offer the
products of those companies where the agent or direct insurer has a contract.
FALSE

Difficulty: Medium
Learning Objective: 09-05 Create a plan to buy life insurance.
Topic: 09-24 Buying Life Insurance
9-5
20. Critical illness benefits are usually added by riders to new or existing policies.
TRUE

Difficulty: Medium
21. The price of life insurance policies varies very little among life insurance companies.
FALSE

Difficulty: Medium
22. An interest-adjusted index is a method of evaluating the cost of life insurance by taking
into account the time value of money.
TRUE

Difficulty: Medium
23. With a lump-sum payment, the insurance company pays the face amount of the policy in
one installment to the beneficiary or to the estate of the insured.
TRUE

Difficulty: Easy
9-6
24. The "free-look" period allows you to cancel your life insurance without penalty.
TRUE

Difficulty: Medium
25. The lump-sum payment is the most widely used settlement option for life insurance
policies.
TRUE

Difficulty: Easy
26. In Canada all basic medical procedures are provided for under provincial government
health plans.
FALSE

Difficulty: Medium
Learning Objective: 09-06 Define health insurance and explain its importance in financial planning.
Topic: 09-31 Health Insurance and Financial Planning
27. Group health insurance plans comprise about 60 percent of all health insurance issued by
health and life insurance companies.
TRUE

Difficulty: Easy
9-7
28. Group health insurance will cover you but not your immediate family.
FALSE

Difficulty: Medium
29. Group health insurance covers all of your health insurance needs.
FALSE

Difficulty: Medium
30. The fact is that for all age groups disability is more likely than death.
TRUE

Difficulty: Medium
Learning Objective: 09-07 Recognize the need for disability income insurance.
Topic: 09-37 Disability Income Insurance
31. Most people are more likely to lose their income due to death than due to disability.
FALSE

Difficulty: Medium
9-8
32. Individual health insurance covers either one person or family.

TRUE

Difficulty: Easy
33. Long-term-care insurance is a type of supplemental health insurance

TRUE

Difficulty: Medium
34. Disability income insurance benefits provide regular cash income lost by employees as the
result of an accident, illness, or pregnancy.
TRUE

Difficulty: Medium
35. Just about every worker is covered by disability income insurance.

FALSE

Difficulty: Medium
9-9
36. Disability income insurance is probably the most coveted form of available insurance
protection.
FALSE

Difficulty: Medium
37. Disability can cause even greater financial problems than death.
TRUE

Difficulty: Easy
38. Basically, the word disability has only one definition.

FALSE

Difficulty: Medium
39. Good disability plans pay when you are unable to work at your regular job; poor disability
plans pay only when you are unable to work at any job.
TRUE

Difficulty: Easy
9-10
40. Disability benefits begin on the first day you are disabled.
FALSE

Difficulty: Medium
41. Generally, disability income policies with shorter waiting periods have lower premiums.
FALSE

Difficulty: Medium
42. You should seek a disability policy that pays benefits for life.
TRUE

Difficulty: Medium
43. Disability income benefits begin on the 10thday you are disabled.
FALSE

Difficulty: Medium
9-11
44. You should aim for a disability benefit amount that when added to your other income will
equal about 90 percent of your gross pay.
FALSE

Difficulty: Medium
45. The premium for noncancelable and guaranteed renewable coverage is higher, but the
coverages are well worth the extra cost.
TRUE

Difficulty: Medium
46. Very few employers provide disability income protection for their employees through the
group insurance plans.
FALSE

Difficulty: Easy
47. In most cases, your employer pays part or all of the cost of disability income protection
plan.
TRUE

Difficulty: Easy
9-12
48. Critical insurance illness is gaining recognition in Canada as a valuable insurance tool.
TRUE

Difficulty: Easy
49. Critical insurance illness usually provides money for care if you are diagnosed with a
serious illness such as AIDS.
FALSE

Difficulty: Medium
50. Basic health insurance coverage should include hospital costs, supplementary prescription
drug charges, and dental maintenance.
TRUE

Difficulty: Easy
51. Canadian consumers are generally unaware that long-term care insurance even exists.
TRUE

Difficulty: Easy
Learning Objective: 09-08 Understand the value of supplemental health insurance.
Topic: 09-43 Supplemental Health Insurance
9-13
52. A co-payment provision requires the policyholder to share the expenses beyond the
deductible amount.
TRUE

Difficulty: Easy
53. A deductible is the amount the policyholder must pay before the policy benefits begin.
TRUE

Difficulty: Easy
54. Canadians are amongst the most life-insured people in the world.
TRUE

Difficulty: Medium
55. Life insurance is one of the few ways to provide liquidity at the time of death.
TRUE

Difficulty: Easy
9-14
56. The price of life insurance policies varies considerably among life insurance companies.
TRUE

Difficulty: Medium
57. A particular insurance company will not be equally competitive for all policies. One
company might have a competitively priced policy for 24-year-olds but not for 35-year-olds.
TRUE

Difficulty: Medium
58. Of all life insurance applicants, 98 percent are found to be insurable, though some may
have to pay higher premiums because of an existing medical condition.
TRUE

Difficulty: Medium
59. The "free-look" period allows you to cancel your life insurance without penalty anytime
within 30 days.
FALSE

Difficulty: Medium
9-15
within 10 days.
TRUE

Difficulty: Medium
61. In Canada most basic medical procedures are provided for under provincial government
health plans.
TRUE

Difficulty: Medium
Multiple Choice Questions
62. Which of the following will be used to determine a term insurance policy?
A. age at which people will die.
B. number of people who will die this year.
C. number of people who will buy insurance this year.
D. number of agents who sell life insurance.
E. number of accidents in the region

Difficulty: Medium
9-16
63. Life insurance premiums are determined basically by the

A. forces of supply.
B. forces of demand.
C. forces of competition.
D. use of mortality tables.
E. guesswork of insurance executives.

Difficulty: Medium
64. What factors should you consider before you buy insurance?
A. your present and future sources of income
B. your savings
C. group life insurance
D. pension benefits
E. your present and future sources of income, your savings, group life insurance, and pension
benefits.

Difficulty: Medium
65. You probably have little or no need for life insurance if you are
A. married and your spouse works.
B. divorced and have two children.
C. a single person living alone or with parents.
D. gainfully employed.
E. a household with several children.

Difficulty: Easy
9-17
66. A two-earner couple may have

A. the greatest need for life insurance.
B. no need for life insurance.
C. a moderate need for life insurance, especially if they have a mortgage.
D. the greatest need for an annuity.
E. no need for an annuity.

Difficulty: Medium
67. Who has the greatest need for life insurance?

A. children
B. singles living alone
C. singles living with parents
D. dual income couple
E. households with small children

Difficulty: Easy
68. Your second step in determining a life insurance program should be to

A. consult a local insurance company agent.
B. consider whether you wish to leave your dependents debt free
C. estimate your life insurance requirements.
D. determine your life insurance objectives.
E. evaluate the ratings of the insurance company.

Difficulty: Medium
9-18
69. Which of the following methods can be used to estimate your life insurance
requirements?
A. income replacement method.
B. family need method.
C. average income replacement method.
D. A and B are correct.
E. A, B and C are correct

Difficulty: Hard
70. Which of the following items are required in calculating your life insurance need?
A. annual income and approximate expenses.
B. emergency fund.
C. financial needs.
D. liquid assets.
E. annual income and approximate expenses, emergency fund, financial needs, and liquid
assets.

Difficulty: Medium
71. Suppose you are a typical family. Your annual income is $60,000. Use the income
replacement method to determine your need for life insurance. Your insurance should be in
the amount of (use 7 years)
A. $245,000.
B. $294,000.
C. $345,000.
D. $400,000.
E. $450,000.

Difficulty: Medium
9-19
72. The method of determining life insurance requirements that does not ignore such
important factors as emergency funds and your liquid assets is called the
A. easy method.
B. "family need" method
C. DINK method.
D. "nonworking" spouse method.
E. hard method.

Difficulty: Medium
73. Which of the following statements is correct for term insurance?

A. Premiums for term insurance remain constant.
B. Term insurance is protection for a specified period of time.
C. Term insurance has cash value.
D. Term insurance is usually more expensive than whole life insurance.
E. Not available in a form that pays less to the beneficiaries as time passes.

Difficulty: Medium
74. Which statement is correct about whole life insurance?

A. Whole life insurance is cheaper than term life.
B. Policy holders overpay in the later years of the policy.
C. Whole life premiums increase with your age.
D. Whole life insurance is the best choice for most people.
E. Whole life insurance builds up cash value.

Difficulty: Medium
9-20
75. A participating life insurance policy has

A. lower premiums than a nonparticipating policy.
B. about the same premium as the nonparticipating policy.
C. been declared illegal in many states.
D. somewhat higher premiums than nonparticipating policy.
E. has no potential for earning dividends.

Difficulty: Hard
76. If you wanted to pay exactly the same life insurance premium each year, you would
choose a
A. variable life policy.
B. participating policy.
C. term insurance policy.
D. nonparticipating policy.
E. endowment policy.

Difficulty: Hard
77. Which type of life insurance plan requires you to pay premiums for a stipulated period,
usually 20 or 30 years or until you reach a specified age?
A. modified life policy
B. variable life policy
C. adjustable life policy
D. limited payment policy
E. endowment policy

Difficulty: Hard
9-21
78. Subject to certain minimums, which life insurance is designed to let you pay premiums at
any time in virtually any amount?
A. universal life
B. ordinary life
C. whole life.
D. adjustable life
E. variable life

Difficulty: Medium
79. A plan that insures a large number of persons under the terms of a single policy without a
medical examination is called a(n) ____________ life insurance policy plan.
A. individual
B. whole
C. large number
D. permanent
E. group

Difficulty: Medium
80. Which of the following statements is true about group life insurance?
A. Group life has been losing its popularity recently.
B. Generally the cost of insurance is the same for each employee.
C. Group insurance is not a good bargain for older employees regardless of age.
D. Principles that apply to other forms of insurance do not apply to group life insurance.
E. Not worth getting.

Difficulty: Medium
9-22
81. A beneficiary
A. acts as a trustee of your insurance policy.
B. is a guardian of your children.
C. acts on your behalf after you die.
D. is designated to receive life insurance proceeds.
E. takes your money and runs.

Difficulty: Easy
82. Suicide clause means that the insurance company

A. can cancel the policy if age has been misstated.
B. will pay the death benefit equal to the amount of the premium paid, if the insured dies
during the first two years that the policy is in force.
C. allows the insured to pay premiums in installments.
D. automatically pays the premium out of the policy's cash value.

Difficulty: Medium
83. A document attached to the policy that modifies its coverage by adding or deleting a
specified condition is called a(n)
A. beneficiary.
B. waiver of premium.
C. automatic premium loan.
D. rider.
E. incontestability clause.

Difficulty: Medium
9-23
84. Critical illness benefits are paid

A. immediately after the policyholder dies
B. to the policyholder before he or she dies
C. in equal installments over a period of 5 years
D. to the spouse of the policy holder
E. five days after the policyholder dies

Difficulty: Medium
85. In planning your insurance program, you should

A. seek advice from a competent financial adviser.
B. determine what insurance is required.
C. consider social security and other group insurance.
D. decide what type of insurance best meets your needs.
E. seek advice from a competent financial adviser, determine what insurance is required,
consider social security and other group insurance, and decide what type of insurance best
meets your needs.

Difficulty: Medium
86. Which of the following is not a common settlement option?

A. life income option.
B. limited installment payment.
C. lump-sum payment.
D. variable installment payment.
E. proceeds left with the company.

Difficulty: Medium
9-24
87. The price that a company charges for a life insurance policy is affected by
A. the company's cost of doing business.
B. inflation.
C. the seasons.
D. provincial regulations.
E. federal regulations.

Difficulty: Medium
88. A factor that affects the cost of a life insurance policy is

A. the seasons.
B. inflation.
C. provincial laws.
D. federal laws.
E. the mortality rate.

Difficulty: Medium
89. A method of evaluating the cost of life insurance by taking into account the time value of
money is called
A. double indemnity.
B. guaranteed insurability.
C. an interest-adjusted index.
D. the consumer price index.
E. a present value index.

Difficulty: Medium
9-25
90. What percent of all applicants who apply for life insurance are found to be insurable?
A. 58
B. 68
C. 85
D. 90
E. 98

Difficulty: Medium
91. The prices of life insurance policies

A. vary considerably.
B. are relatively the same.
C. are higher for females.
D. have remained constant.
E. are higher in the Midwest than in the Northeast.

Difficulty: Medium
92. After you buy new life insurance you have a "free look" period of ______ days.
A. 10
B. 7
C. 21
D. 30
E. 28

Difficulty: Medium
9-26
93. Because you are young and healthy now, you may overlook the very real need for
A. Disability income insurance.
B. health insurance.
C. Dental insurance.
D. vision care insurance.
E. liability insurance.

Difficulty: Easy
94. Most health insurance policies issued by health and life insurance companies are sold to
A. victims of communicable diseases.
B. individuals with families.
C. single individuals with no dependents.
D. Employees and their dependents.
E. Employers, who in turn offer the benefits to employees.

Difficulty: Medium
95. Which health insurance coverage requires careful shopping because coverage and cost
vary from company to company?
A. group health
B. individual health
C. hospital expense
D. surgical expense
E. physician's expense

Difficulty: Medium
9-27
96. Which type of health insurance policy may not cover all of your health insurance needs or
may deny benefits if you lose your job?
A. group health
B. individual health
C. Basic health
D. Comprehensive medical
E. Disability income

Difficulty: Medium
97. Which type of insurance provides for the partial replacement of income lost by employees
as a result of an accident, illness, etc.?
A. Comprehensive major medical
B. Major medical expense
C. Physician's expense
D. Disability income
E. Surgical expense

Difficulty: Easy
98. Which type of insurance is probably the most neglected form of available insurance
protection?
A. life
B. liability
C. disability
D. car
E. home and property

Difficulty: Medium
9-28
99. Which of the following is not an important trade off in purchasing disability income
insurance?
A. waiting period
B. amount of down-payment
C. duration of benefit.
D. accident and sickness coverage.
E. guaranteed renewability.

Difficulty: Medium
100. The waiting period in disability income insurance is called ____________ period.
A. Exclusion
B. no benefit
C. Coverage
D. trade-off
E. Elimination

Difficulty: Medium
101. Generally, disability income policies with longer waiting periods

A. have higher premiums.
B. have lower premiums.
C. have about the same premium.
D. Are issued by smaller insurance companies.
E. Are issued by larger insurance companies.

Difficulty: Easy
9-29
102. The premium for non-cancelable and guaranteed renewable disability income insurance
is higher,
A. therefore, younger people should skip these coverages.
B. hence, the insurance companies enjoy better profit margins.
C. therefore, very few older workers should carry these coverages.
D. but the coverages are well worth the extra cost
E. hence, the policy pays benefits for life.

Difficulty: Hard
103. Most insurers limit benefits from all sources to no more than ____________ percent of
your take-home pay.
A. 30-40
B. 40-50
C. 70-80
D. 60-70
E. 50-60

Difficulty: Medium
104. The main difference between whole life insurance and critical illness insurance is that
critical illness insurance
A. has a higher approval rating
B. is cheaper
C. is more difficult to understand
D. pays the proceeds before the policyholder's death
E. has limits on the amount of insurance you can purchase

Difficulty: Medium
9-30
105. Critical illness insurance does not usually cover __________________.

A. cancer
B. stroke
C. HIV/AIDS
D. blindness
E. organ transplant

Difficulty: Medium
106. A basic supplementary health and disability insurance plan should

A. provide at least one year's hospital room and board in full.
B. provide at least $2 million lifetime maximum for each family member.
C. pay 100 percent for out-of-hospital expenses.
D. include hospital costs, supplementary prescription drug charges, and dental maintenance.
E. include vision care insurance.

Difficulty: Medium
107. A good supplemental health and disability insurance plan should

A. offer basic coverage for hospital costs.
B. provide for prescription drug cost not covered by your provincial plan.
C. provide for dental maintenance including dentures and oral surgery.
D. include vision care insurance.
E. offer basic coverage for hospital costs, provide for prescription drug cost not covered by
your provincial plan, provide for dental maintenance including dentures and oral surgery, and
include vision care insurance.

Difficulty: Medium
9-31
108. Which of the following statements is true of long-term-care insurance?

A. Canadians are generally unaware of its existence.
B. It covers you when you have a disability that leaves you unable to take care of yourself.
C. It covers you when you have a disability and may need help at home with daily activities.
D. Canadians are generally unaware of its existence and it covers you when you have a
disability that leaves you unable to take care of yourself.
E. Canadians are generally unaware of its existence; it covers you when you have a disability
that leaves you unable to take care of yourself; and it covers you when you have a disability
and may need help at home with daily activities.

Difficulty: Hard
109. A(n) _______ provides specified benefits regardless of whether the actual expenses are
greater or less then the benefits.
A. medical expense policy
B. comprehensive expense insurance
C. interim expense insurance
D. indemnity policy
E. reimbursement policy

Difficulty: Hard
110. Dental expense insurance provides reimbursement for

A. oral examinations.
B. fillings.
C. extractions.
D. inlays.
E. all of the above provide reimbursement.

Difficulty: Medium
9-32
111. In choosing supplemental health and disability insurance, ideally, you should
A. get a basic plan with a major supplementary plan.
B. get dental and vision plans.
C. buy dread disease and cancer insurance plans.
D. purchase nursing home insurance.
E. purchase accident insurance.

Difficulty: Hard
112. You wish to build up a cash surrender value within your life insurance policy. Which of
the following types of life insurance would permit you to do so?
I. Whole Life Insurance

II. Term-to-100 Insurance
III. Universal Life Insurance
IV. Declining Term Insurance
A. I and III only
B. I, II and III only
C. IV only
D. I, III and IV only
E. I and II only

Difficulty: Medium
9-33
113. If you are uncertain whether you will need life insurance beyond the age of 65, which of
the following features should you chose?
A. Renewability option
B. Conversion option
C. Nonforfeiture option
D. Participating option
E. Retractable option

Difficulty: Hard
114. If you are diagnosed with a life-threatening illness and expect to incur high medical costs
before you die, which type of insurance would provide money for your final medical costs?
A. Life insurance
B. Critical illness insurance
C. Professional insurance
D. House insurance
E. Long-term care

Difficulty: Easy
9-34
115. You wish to ensure that your life insurance will not cease once you reach the age of 70.
Which types of life insurance would satisfy this need?
I Whole Life Insurance

II Term-to-100 Insurance
III Universal Life Insurance
IV Declining Term Insurance
A. I and II only
B. I, II and III only
C. IV only
D. I, III and IV only
E. 1 and IV only

Difficulty: Easy
116. Of all life insurance applicants, _________ percent are found to be insurable, though
some may have to pay higher premiums because of an existing medical condition
A. 50
B. 62
C. 86
D. 98
E. 100

Difficulty: Hard
9-35
within _________ day(s)
A. one
B. ten
C. thirty
D. sixty
E. ninety

Difficulty: Hard
118. Factors that affect the price a company charges for a life insurance policy include
A. the returns on its investments
B. the mortality rate it expects among its policyholders
C. the features the policy contains
D. competition among companies with comparable policies
E. all these factors affect the price a company charges for a life insurance policy

Difficulty: Easy
119. The whole life policy is an insurance plan for which the policyholder
A. pays a specified premium each year for as long as he or she lives
B. is also called a straight life policy
C. is also called a cash-value life policy
D. is also called an ordinary life policy
E. all the answers are correct

Difficulty: Medium
9-36
120. Which of the following is the most common settlement option?

A. life income option.
B. limited installment payment.
C. lump-sum payment.
D. variable installment payment.
E. proceeds left with the company.

Difficulty: Medium
121. The waiting period for disability income insurance benefits is usually _________ after
the beginning of the policy.
A. 0 days (no waiting period)
B. 10 days
C. 15 days
D. 30 to ninety days
E. 365 days

Difficulty: Medium
122. Life insurance needs may be used to:

A. Go on vacation
B. Provide a retirement income
C. Buy a car
D. Buy a home
E. Retire

Difficulty: Medium
9-37
123. At what age have 13.21% of Canadian males died?

A. 20 years
B. 35 years
C. 50 years
D. 65 years
E. 75 years

Difficulty: Hard
the amount of (for 7 years)
A. $260,000.
B. $344,000.
C. $375,000.
D. $400,000.
E. $490,000.

Difficulty: Medium
125. At age 65 what percentage of Canadian males died (rounded to the nearest percent)?
A. 10%
B. 12%
C. 13%
D. 16%
E. 19%

Difficulty: Hard
9-38
the amount of (for 7 years)
A. $345,000.
B. $392,000.
C. $445,000.
D. $400,000.
E. $560,000.

Difficulty: Medium
127. What percentage of current income is used in the income replacement method?
A. 50%
B. 60%
C. 80%
D. 30%
E. 90%

Difficulty: Medium
128. What is the maximum term for term life insurance?

A. 25 years
B. 10 years
C. 40 years
D. 100 years
E. 5 years

Difficulty: Medium
Topic: 09-09 Types of Life Insurance
9-39
129. At what age is term life insurance usually not renewable?

A. 50
B. 60 to 65
C. 85 to 90
D. 70 to 75
E. 55 to 60

Difficulty: Medium
Topic: 09-09 Types of Life Insurance
130. If inflation is 3% how many years will it take to decrease in value to less that 50% of the
original value (use the closest 5 year time period)?
A. 10
B. 15
C. 20
D. 25
E. 30

Difficulty: Medium
131. What is not one of the five questions when choosing an insurance agent?
A. Is your agent available when needed?
B. Does your agent advise you to have a financial plan?
C. Does your agent keep up with changes in the insurance field?
D. Is your agent a top 1% of their field insurance agent?
E. Is your agent happy to answer questions?

Difficulty: Medium
9-40
132. In 2015 roughly how much did Canadians pay for health and insurance products?
A. 20 billion
B. 30 billion
C. 40 billion
D. 50 billion
E. 90 billion

Difficulty: Medium
133. Ages 15 to 24 have what percentage of disabilities?

A. 4.4%
B. 6.5%
C. 10.1%
D. 16.1%
E. 2.2%

Difficulty: Medium
134. Which of the following is not a type of supplemental health insurance?

A. Dental
B. Auto
C. Vision
D. Travel
E. Long term care

Difficulty: Medium
9-41

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True / False Questions

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2. The principle of home insurance can be applied to the lives of persons.

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6. The easy method of estimating life insurance requirements is remarkably useful.

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12. Universal life is a type of permanent life insurance

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18. The accidental death benefit is often called double indemnity.

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32. Individual health insurance covers either one person or family.

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33. Long-term-care insurance is a type of supplemental health insurance

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35. Just about every worker is covered by disability income insurance.

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38. Basically, the word disability has only one definition.

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