Insurance 2 Welcome to your Insurance 2 Quiz. Please click on "Next" to continue. Every state requires drivers to have some form of auto insurance in order to operate a motor vehicle on a public street. True False Medicaid and Medicare are the same thing. True False What is the average monthly premium payment on a term life policy for a 30 year old man who does not smoke? $16.56 $59.31 $34.11 $149.31 The main difference between a PPO and an HMO is that HMOs have their own clinics. True False If you purchase an automotive insurance policy with only liability and you total your vehicle after driving into a wall, the insurance company will pay you for your loss. True False About how much money do A-rated or better insurance companies have to back up their obligations? $533 Billion $1.1 Trllion $1.3 Trillion $13 Trillion Which of the following is true about a term life insurance policy? You pay a lump sum of money up front, then after a certain age, the insurance company pays you back. Term life policies build up cash value that can be withdrawn in order to pay bills if necessary. If you cancel the policy you lose coverage regardless of how much money you have put into it. Term life insurance policies have expiration dates between 5 and 9 years. Medicare Part D covers hospital stays and is an automatically provided part of Medicare. True False What does HMO stand for? Health Management Organization Healthcare Maintenance Organization Health Maintenance Organization Health Maintenance Organizers As a sales agent trying to sell to an insurance agent, your pitch should focus on the number of heroes we can get their name in front of. True False Stage Name/Real Name Unit Time's up Posted on August 24, 2019April 24, 2020 By admin
