Key Benefits of our Term Insurance Plan
Terminal Illness Coverage
At Zero Additional Cost
Add-On
Coverage Against 64 Critical Illnesses@
Lumpsum Payout on diagnosis of critical illnesses
Premium Break~
Option to skip a premium, after 10 policy years
Income Tax Benefits
Save upto Rs. 54,600 on taxes ~#
Which of the following premium modes would result in the highest annual cost for a Life Insurance Policy?
An employee insured under a group health policy is injured in a car wreck while performing her duties for her employer. This results in a long hospitalization period. Which of the following is true?
The group plan will not pay because the employee was injured at work
The transfer of an insured's right to see damage from a negligent party to the insurer is found in which of the following class clauses?
Under workers compensation, which of the following benefits are NOT included?
Premium payments for personality – owned disability income policy's are?
Which Of the following is NOT true regarding Worker's Compensation?
Benefits are offered by the insurer
Disability income policy's can provide coverage for loss of income when returning to work only part time after recovering from a total disability. What is the benefit that is based on the insured lost of our names after recovering from a disability?
What type of insurance is sold to small business owners that must mean overhead expenses such as rent or utilities following a disability?
Business overhead expense
Which of the following is correct regarding business overhead expense insurance?
Premiums are tax-deductible
Which of the following definition would make it easier to qualify for total disability benefits?
The more liberal " own occupation
Under which condition would an employee's group medical benefits be exempt from income tax?
An employee group medical benefits are generally exempt from taxation as income
Disability income coverage specifies that the policy covers the insured if he is able to perform any job for which he is qualified. In this case, total disability is defined as?
Any occasion - more restrictive than other definitions
Which characteristics does not describe managed-care?
Unlimited access to providers
A brain surgeon has an accident and develops a tremors in her right. Which disability income policy definition of total disability will cover her for all losses?
Own occupation less restrictive than other definition
Group disability income insurance premiums paid by the employer are?
Deductible by the employer as an ordinary business expense
Under a key person disability income policy, Premium payments?
Are made by the business and are not tax-deductible
The policy owner has a health insurance policy with his wife listed as a primary beneficiary. He would like to change the primary beneficiary to his sister. Which of the following is true?
Unless the policy designed the current beneficiary as irrevocable, the policy owner can make the change at any time
All of the following statements concerning Worker's Compensation are correct except?
Worker receives benefits only if the work related injury was not his/her fault
S is sold business proprietor who owns a medical expense plan. What percentage of the cost of the plan may be deduct?
An individual is insured under his employers group disability income policy. The insured suffered an accident while on vacation that left him unable to work for 4 months. If the disability income policy pays the benefit, which of the following would be true?
Benefits that are attributable employer contributions are fully taxable to the employee as income
Of the following choices, which of the statements about occupation versus nonoccupational coverage is true?
Disability insurance can be written as occupational or nonoccupational
Concerning group medical and dental insurance, which of the statement is incorrect?
Employee benefits are tax-deductible the year in which they were received
Which of the following are the main factors taken into account when calculating residual disability benefits?
Present earnings and earnings prior to disability
Which of the following is correct regarding business overhead expense insurance?
Premiums are tax-deductible
Premium payments for personally owned disability income policies are?
Which statement accurately describes the change of beneficiary profession?
Any policy that has a dead benefit must also have a change of beneficiary provision
Which of the following is NOT true regarding Worker's Compensation
Benefits are offered by the insurer
A husband and wife are insured under group health insurance plans at their places of employment. Because their employers pay for their plans, each is covered as a dependable under their spouse coverage. If the husband is hospitalized how are the medical expenses likely to be paid?
The benefits will be coordinated
Which of the following is not true regarding partial disability?
This is a form of insurance that covers part-time workers
When may an insured deduct unreimbursed medical and expense paid under a long-term care policy?
When the expenses exceed a certain percentage of the insured's adjusted gross income
Which of the following definition would make it easier to qualify for total disability benefits?
The more liberal "own occupation"
Under which of the Fiamm ploy or provided plans are the benefits taxable to an employee in proportion to the amount of premium paid by the employer?
Disability income coverage specifices that the policy covers the insured if he isn't able to perform any job for which he is qualified. In this case, total disability is defined as?
Any occasion – more restrictive than other definitions
Which of the following is not true of a tax deductibility of medical expense coverage for sole proprietors and partners?
The deduction is permitted only if the sole proprietor or partner is covered under another medical expense plan
Under what condition are group disability income benefits received by an employee NOT taxable as income?
When the benefits received are equal or less then employees percentage contribution