Pete’s health insurance policy specifies that he should pay 30% of expenses associated with a long term illness, and he has a stop loss provision of $ 35,000 in his policy. If Pete incurs expenses of $ 70,000, how much would he owe?
Answer to relevant QuestionsChristine’s total monthly expenses typically amount to $ 1,800. About $ 50 of these expenses are work related. Christine’s employer provides disability insurance coverage of $ 500 per month. How much individual ...What is the purpose of life insurance? Do you think everyone needs life insurance? Explain. What is a lump sum settlement? What kind of beneficiary would benefit the most from this option? Why is the premium paid for whole life higher than the premium for term life? What alternative approach to purchasing life insurance might provide the same benefits as whole life? Shortly after Steve graduated from college, he considered a whole life insurance policy that would provide $ 10,000 in life insurance protection and accumulate a cash value of twice his current annual income by age 65. Two ...
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