The blackout period refers to the period of time immediately following the death

| April 14, 2018

1.The blackout period refers to the period of time immediately following the death of the breadwinner. (Points : 0.42) TrueFalseQuestion 2. 2.Long-term care insurance pays benefits when the insured is unable to perform at least three of the activities of daily living (ADL). (Points : 0.42) True False Question 3. 3.Term life insurance is considered “pure insurance.” (Points : 0.42) True False Question 4. 4.Personal risk management is a systematic process of identifying, evaluating, and managing pure risk exposures faced by an individual. (Points : 0.42) True False Question 5. 5.Pure risk is the chance of a loss or no loss occurring, but with pure risk there is no chance of experiencing a gain. (Points : 0.42) True False Question 6. 6.A financial planner will generally attempt to transfer or shift all risks for a client. (Points : 0.42) True False Question 7. 7.Dr. Pickens just bought a billion dollar home and a new Jaguar (on professor money…ya right….in his dreams). He has property insurance, but does not have disability insurance through his employer. He does not know that much about disability, except that a friend of his told him that she needed to acquire it. Which of the following are important elements of a disability policy?(Points : 0.42) The definition of disability. Coverage for sickness and accidents. The elimination period. All of the above.Question 8. 8.Adora is looking for an insurance policy for her home. Her friend, Zaina, who is an attorney, just told her that the policy is a contract and has some unique characteristics. Which of the following terms applies to the insurance contract?1. Indemnity. 2. Res ipsa loquitur. 3. Adhesive.(Points : 0.42) Statement 1 and 3. Statement 2 only. Statements 2 and 3. Statements 1, 2 and 3.Question 9. 9.Dr. Pickens and his students are VERY ready for Spring Break (pick true). (Points : 0.42) True False Question 10. 10.Which of the following statements is / are correct? 1. The cause of a loss is a peril. 2. A hazard is a condition that increases the probability of a loss occurring.(Points : 0.38) 1 only. 2 only. Both 1 and 2. Neither 1 nor 2.

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