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Insurance 11
| Question | Answer |
|---|---|
| Which type of plan would be most appropriate for an individual on Medicare and is concerned that Medicare will NOT pay for charges exceeding the approved amount? | Medicare supplement Plan F |
| In a Long-Term Care policy, activities of daily living (ADL's) can be each of the following EXCEPT | Talking |
| Long-Term Care policies may provide coverage for claims arising from | senile dementia |
| Craig purchased a life insurance policy for enabling his heirs to pay estate taxes. What is this called? | Estate conservation |
| When calculating the amount of life insurance needed for an income earner, what has to be determined when using the Needs Approach? | The family's financial objectives if the income earner were to die or become disabled |
| Which of these retirement plans do NOT qualify for a federal income tax deduction? | Roth IRA |
| A Medicare Supplement Policy is | designed to fill in the gaps of Part A and Part B Medicare |
| Which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death? | Human life value |
| Which of the following does Medicare Part D cover? | Prescription drugs |
| All of the following are considered appropriate uses of life insurance for business purposes EXCEPT | rotecting the business by covering entry level employees with life insurance |