What is a beneficiary? A contingent beneficiary? Explain why it’s essential to designate a beneficiary for your policy.
Answer to relevant QuestionsExplain the basic settlement options available for the payment of life insurance proceeds upon a person’s death.Explain the purpose of underwriting. What are some factors that underwriters consider when evaluating a life insurance application?1. Assume that Ryan’s gross annual income is $54,000 and Alison’s is $64,000. Their insurance agent has given them a multiple earnings table showing that the earnings multiple to replace 75 percent of their lost earnings ...Discuss the basics of the Blue Cross/Blue Shield plans.Describe these policy provisions commonly found in medical expense plans:(a) Deductibles(b) Co-insurance(c) Co-ordination of benefits.
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