Question

True or false

1. The earnings multiple approaches are based on the notion that you want to replace a stream of annual income that's lost due to the death of a breadwinner.
2. An advantage of term insurance is that the cost falls each time the policy is renewed.
3. Term life insurance provides protection for a specified amount of time; typically, 1-30 years.
4. Cash-value insurance is any policy that provides both a death benefit and an opportunity to accumulate cash value.
5. One of the provisions of the Affordable Care Act is to prevent insurance companies from offering coverage to consumers with preexisting conditions.
6. Most major health care policies cover hospital, surgical, and physician coverages.
7. Group insurance premiums are generally more expensive than individual policies with the same coverage.
8. Your insurance's copayment and deductible are the expenses that the insured must pay before the insurance company will pay any benefits.
9. Long-term care insurance provides money to help pay for nursing home and home health care expenses

ALL OF THEM PLEASE!!!

Answer 1

1). True - Earnings multiple approach is based on the premise of replacing the annual income of the insured for a given number of years.

2). False - The cost of renewal varies depending on the type of term insurance.

3). True - Term insurance is valid for a specified number of years and it can be renewed after expiry.

4). True - Cash value insurance has two components, one part for life insurance and one for cash value.

5). False - Affordable Care Act ensures that insurance is offered to consumers with pre-existing conditions.

6). True - Major health care policies will cover hospital, surgical and physician costs.

7). False - group insurance premiums are generally lower than individual insurance policies with the same coverage.

8). True - Co-payment and deductible have to be paid before one can receive benefits from an insurance policy.

9). True - Long-term care insurance provides coverage for care at nursing homes or at home.