Question 1

what is supplemental life policies

Accepted Answer

1.) A7100
2.) CNM
3.) HOSPITAL INDEMNITY H3400

Question 2

what are the add on riders

Accepted Answer

1.) wavier of premium
2.) terminal illness rider
3.) spouse rider
4.) lay off wavier
5.) strike wavier
6.) automatic policy loan provision

Question 3

what is the A7100

Accepted Answer

1.) accidental hospitalization, living & death benefit
this policy pays a cash benefit to the insured and covered dependents for treatments received due to accidental injuries.

Question 4

what are the different types of A7100

Accepted Answer

1.) A71- $100
2.) A71- $200
3.) A71- $300
4.) A71- $400
5.) A71- $500

Question 5

what is the CNM

Accepted Answer

cancer living benefits, 68% of expenses associated with cancer come from indirect expenses not covered by health insurance. this program pays in addition to any health insurance. the money goes directly to the insured.

Question 6

what are the units for CNM

Accepted Answer

5 units, 10 units, 15 units, 20 units, 30 units.

Question 7

CNM cont

Accepted Answer

this program covers the cost of any service/ procedures related to being diagnosed with cancer. if you don't die from cancer. the money goes directly to your beneficiary

Question 8

what does the wavier of premium

Accepted Answer

after 6 mo of continuous total disability the policy and rider premiums are waived until recovery. the wavier of premiums stops at age 60.  can only be attached to a permanent policy. maximum rider is 25,000.

Question 9

who qualifies for wavier of premium

Accepted Answer

1.) ages 18-55
2.) must be employed 
3.) not on disability

Question 10

what is the terminal illness rider

Accepted Answer

this pays 1/2 of the face amount on the insured when a terminal illness occurs such as stroke, heart attack, cancer and ect.

Question 11

what is the spouse rider

Accepted Answer

term insurance that last 20 years. this expires at age 70. this policy is convertible to the age of 68

Question 12

what is the layoff wavier

Accepted Answer

waves premiums up to 12 months if subject to a lay off 10 or more people.

Question 13

what is the strike wavier

Accepted Answer

waves premiums for up to 12 months if subject to a union declared strike.

Question 14

what is the policy loan provision

Accepted Answer

the case value may be used to maintain coverages if payments is missed to avoid the policy from lapsing.

Question 15

what are the life plans

Accepted Answer

1.) whole life regular, preferred life, executive life and select life
2.) whole life paid up at age 65
3.) senior graded whole life

Question 16

what are the term plans

Accepted Answer

1.) 10 year R&C
2.) 4 year R&C
3.) 20 year level term
4.) 15 year/30 year Annually Decreasing term
5.) Child rider

Question 17

what is the wavier of premium

Accepted Answer

after 6 mo of continuous total disability the policy & rider premiums are waived until recovery. coverage stops at age 60.

Question 18

what are the supplemental beneftis

Accepted Answer

1.) wavier of premium
2.) 82000 special accidental death benefit
3.) Guaranteed insurability option rider

Question 19

what is GIO

Accepted Answer

this option gurarantees that in the future when you decide to purchase additional whole life policies on optional  dates, there is no medical check required. the otional dates are 25, 28,31,34,37,40. can only be attached to permanent policy. max 25000.

AIL

Insurance Terms

Question	Answer
what is supplemental life policies	1.) A7100 2.) CNM 3.) HOSPITAL INDEMNITY H3400
what are the add on riders	1.) wavier of premium 2.) terminal illness rider 3.) spouse rider 4.) lay off wavier 5.) strike wavier 6.) automatic policy loan provision
what is the A7100	1.) accidental hospitalization, living & death benefit this policy pays a cash benefit to the insured and covered dependents for treatments received due to accidental injuries.
what are the different types of A7100	1.) A71- $100 2.) A71- $200 3.) A71- $300 4.) A71- $400 5.) A71- $500
what is the CNM	cancer living benefits, 68% of expenses associated with cancer come from indirect expenses not covered by health insurance. this program pays in addition to any health insurance. the money goes directly to the insured.
what are the units for CNM	5 units, 10 units, 15 units, 20 units, 30 units.
CNM cont	this program covers the cost of any service/ procedures related to being diagnosed with cancer. if you don't die from cancer. the money goes directly to your beneficiary
what does the wavier of premium	after 6 mo of continuous total disability the policy and rider premiums are waived until recovery. the wavier of premiums stops at age 60. can only be attached to a permanent policy. maximum rider is 25,000.
who qualifies for wavier of premium	1.) ages 18-55 2.) must be employed 3.) not on disability
what is the terminal illness rider	this pays 1/2 of the face amount on the insured when a terminal illness occurs such as stroke, heart attack, cancer and ect.
what is the spouse rider	term insurance that last 20 years. this expires at age 70. this policy is convertible to the age of 68
what is the layoff wavier	waves premiums up to 12 months if subject to a lay off 10 or more people.
what is the strike wavier	waves premiums for up to 12 months if subject to a union declared strike.
what is the policy loan provision	the case value may be used to maintain coverages if payments is missed to avoid the policy from lapsing.
what are the life plans	1.) whole life regular, preferred life, executive life and select life 2.) whole life paid up at age 65 3.) senior graded whole life
what are the term plans	1.) 10 year R&C 2.) 4 year R&C 3.) 20 year level term 4.) 15 year/30 year Annually Decreasing term 5.) Child rider
what is the wavier of premium	after 6 mo of continuous total disability the policy & rider premiums are waived until recovery. coverage stops at age 60.
what are the supplemental beneftis	1.) wavier of premium 2.) 82000 special accidental death benefit 3.) Guaranteed insurability option rider
what is GIO	this option gurarantees that in the future when you decide to purchase additional whole life policies on optional dates, there is no medical check required. the otional dates are 25, 28,31,34,37,40. can only be attached to permanent policy. max 25000.

"Know" box contains:
Time elapsed:
Retries: