Question

1. For most people, a managed care plan is a cheaper option compared to an indemnity plan. TRUE OR FALSE

2. The right of the policyholder to the cash value of a whole life policy is a nonforfeiture right. TRUE OR FALSE

3. Persons insured under Part B medical payments coverage include:

A. the named insured

B. family members in the car

C. any guest occupying the car

D. a and b

E. a,b, and c

Answer 1

PART1- TRUE-

Managed-care plans offer comprehensive health care to its members through network of health care providers. The network of providers agrees to provide the treatment at a pre-specified price, the care will cost less than in an indemnity plan.

PART2- TRUE-

The nonforfeiture clause in an insurance policy clause states that an insured party can receive full or partial benefits or a partial refund of premiums after a lapse due to non-payment. The clause may involve returning some portion of the total premiums paid, the cash surrender value of the policy, or a reduced benefit based upon premiums paid before the policy lapsed.

PART3-

option E is the correct answer.

Part B covers all the passengers of the insured vehicle.

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