Question

I am insurance that provides for living and illnesses generally associated with nearing end-of-life, which frequently have my policyholders being in assisted living or a nursing home. Who am I?  

	a.	term life insurance
	b.	long-term care insurance
	c.	Medicare
	d.	managed care health plan
	e.	whole life insurance

Which type of health insurance policy typically consists of coverage of 80%, or similar, of expenses after meeting an annual deductible?

	a.	a Preferred Provider Organization (PPO) plan
	b.	a Health Maintenance Organization (HMO) plan
	c.	an indemnity plan
	d.	a whole life plan
	e.	a floater plan

The SIPC provides a product that protects __________ against  _________.

	a.	investors in securities; decreases in asset prices
	b.	investors in securities; financial failure of the brokerage firm
	c.	investors in securities; either decreases in asset prices or financial failure of the  brokerage firm
	d.	bank depositors; decreases in interest rates
	e.	bank depositors; financial failure of the bank

Answer 1

Solution.>

The correct answer is Option (B) ie. long-term care insurance

Long-term care insurance provides for living and illnesses generally associated with nearing end-of-life, which frequently have policyholders being in assisted living or a nursing home.

Solution.>

The correct answer is Option (C) ie. an indemnity plan

Indemnity insurance pays a portion of the bill, usually 80% after the deductible has been met.

Solution.>

The correct answer is Option (B) ie. investors in securities; financial failure of the brokerage firm

The SIPC provides a product that protects investors in securities against the financial failure of the brokerage firm.

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