A Contract That Pays the Insured a Specific Daily Amount

question 4

Multiple Choice

A contract that pays the insured a specific daily amount (based on scheduled limits) for services to assist with the activities of daily living is:

• A)Annuity insurance.
• B)Disability insurance.
• C)Long-term care insurance.
• D)Medical insurance.

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Definitions:

Dutch University

An institution of higher education and research in the Netherlands, offering bachelor's, master's, and doctoral degrees.

Retroactive Interference

A cognitive phenomenon where newly learned information interferes with and hampers the recall of previously learned information.

Mnemonics

Memory aids or techniques that utilize associations, patterns, or systems to help recall information.

Cramming

An intense, short-term study strategy typically used to memorize large amounts of information just before an examination.