Exam 5: Health, Homeowners, Automobile, and Liability Insurance: Structure, Concepts, and Planning

Why do insurance experts argue that there are important gaps in Medicare?

Medicare health insurance Part A:

Dr Jeff Emrich has never heard of an umbrella policy. He is a highly successful medical professional but hates to buy any type of insurance. You believe that Jeff needs an umbrella policy but you are uncomfortable bringing up the subject. Do you have any ideas about how best to approach this client?

Sam Burke, a state farm agent, has impressed upon Roger Smith that the special form is always the best homeowner's policy because it covers so much more. Do you agree?

Explain the following statement: "The answer to the escalating health care costs is the use of self-funded employee health benefits."

An umbrella liability policy:

Name the key sources that provide information on insurance against significant risks.

An HO-6 homeowner's policy is designed specifically for:

A good friend gives you a racquetball racquet and a handbag, which are subsequently stolen out of the trunk of your automobile. These items are covered under which type of policy?

Automobile liability insurance policies:

What are some of the important features of a good disability policy?

Describe the salient features of Medicare insurance.

The Brown family is confused by the claims and counterclaims of SelectCare (an HMO organization) and Blue Cross and Blue Shield. Both policies will cost the same but SelectCare has the special appeal of "it being completely free for unlimited coverage." Can you help sort out the confusion for the Brown family?

You have a $100,000 typical homeowner's policy on your home. Your household goods within the residence) are insured for:

Your dependent child is driving a friend's automobile with the friend's permission) and is involved in an accident. Which of the following provides the best answer?