Health Insurance That Provides Payments to the Insured in the Event

question 105

Multiple Choice

Health insurance that provides payments to the insured in the event that the insured's income is interrupted by illness,sickness,or accident is called ________ insurance.

• A)accident and sickness
• B)disability
• C)income interruption
• D)unemployment

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Definitions:

Capital Balances

Refers to the amount of money in a company's accounts designated for the owners or partners, reflecting their stakes in the business.

Income Ratios

Financial metrics that compare different aspects of a company's income, such as net income to sales, to assess its financial performance and profitability.

Partnership Cash

Funds or capital held by a partnership, which is a business entity owned by two or more individuals.

Death of a Partner

A situation in a partnership where one of the partners passes away, requiring the partnership to address the consequences and redistribution of the deceased partner's interest.