Designed to provide health insurance coverage to those who become unemployed either voluntarily or involuntarily and...

Designed to provide health insurance coverage to those who become unemployed either voluntarily or involuntarily and to those who no longer qualify for health insurance benefits by their employer because of a reduction in hours

Consolidated Omnibus Budget Reconciliation Act (COBRA)

Cost-share

Authorized provider

Combination health plan

List four characteristics of Permanent / Whole Life Insurance

Expert Solution

Answer:

Characteristics of whole life insurance:

-Safety:

Whole life insurance is a cash valued component so safety is very important.The insurer should maintain financial integrity of the company and ensure that it can pay all claims.The investor would expect for the safety of money during highs and low in the market

-Growth:

It Should guarantee continuous uninterrupted growth even at times of bad year in the market

-Building a legacy:

Whole life insurance offers a tax-free death benefit to beneficiaries of your choice, as do other forms of life insurance. With permanent insurance, you are not risking your coverage terminating at the end of a specified period or if market returns weren't competitive one year.

-Liquidity:

As the policy owner they should have the accessibility to get the money at any time without any penalty

keosha answered 2 years ago

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