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Permanent life insurance provides a death benefit but no savings plan.
$700
False
False
fee-for-service plan.
True
True
rider.
True
True or false? Open enrollment means that during a specified time each year employees may sign up for the employee-sponsored health plan.
$700
False
False
fee-for-service plan.
True
True
rider.
True
A special addition to an insurance policy that covers a specific loss not covered in the standard policy is a(n)
$700
False
False
fee-for-service plan.
True
True
rider.
True
Group insurance is less expensive to administer per person because of the large number of people in the plan.
$700
False
False
fee-for-service plan.
True
True
rider.
True
True or False? Males under the age of 21 are normally charged less for automobile insurance that people over age 25.
$700
False
False
fee-for-service plan.
True
True
rider.
True
James received his first medical bill of the year. It was a total of $1000. His health insurance policy has a $500 deductible and a 20% co-insurance. How much of the medical bill will James be responsible to pay?
$700
False
False
fee-for-service plan.
True
True
rider.
True
True or false? Insurance limits the amount of financial losses.
$700
False
False
fee-for-service plan.
True
True
rider.
True
A plan in which you pay for health services as you receive them is called a
$700
False
False
fee-for-service plan.
True
True
rider.
True
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