MATCHING: -The Authority of a Person Appointed by a Patient to to Make

question 21

Multiple Choice

MATCHING:
-The authority of a person appointed by a patient to make decisions about his/her medical care when he/she becomes incapacitated and unable to make such decisions

• A)exordium clause
• B)residuary clause
• C)conservator
• D)delay clause
• E)simultaneous death clause
• F)principal
• G)attestation clause
• H)medical power of attorney
• I)nondurable power of attorney
• J)springing power of attorney

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Definitions:

Universal Life

A type of flexible permanent life insurance that offers the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.

Policyholder's Perspective

Insights or considerations from the viewpoint of an individual or entity that owns an insurance policy.

Fiduciary Responsibility

A legal obligation requiring an individual or organization to act in the best interest of another party, typically in financial matters.

Prudent Investor Rule

Prudent Investor Rule is a legal guideline for fiduciaries that mandates investment strategies should be made as a prudent investor would, considering risk, return, diversification, and the objectives of the trust or beneficiary.