Risk Mangt- Phase 3 - Personal Risks And Insurance
Part 1 Explain the various definitions of disability that are found in disability-income insurance. Explain the following disability insurance income provisions: Residual disability Benefit period Elimination period Part 2 A common method of determining the amount of life insurance life insurance to purchase is called the needs approach. Explain the following needs for a head of the household: Income needs Special needs Cash needs Explain the capital retention approach for determining the amount of 410 life insurance owned. Briefly explain the characteristics of the following types of managed care plans: Health maintenance organization (HMO) plans Preferred provider organization (PPO) plans Point-of-service (POS) plans 800–1,000 words (3–4 pages)

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