Which of the following do not help people during their retirement?
A) Term life insurance
B) Annuity
C) Whole life insurance
D) Universal life insurance
A
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A number of states have established special funds for compensating innocent accident victims who have exhausted all other means of recovery. These funds are called:
a) Joint underwriting association b) Unsatisfied judgment funds c) Reinsurance facilities d) Auto insurance plans
Which of the following statements pertaining to the Medical Information Bureau (MIB) is NOT correct?
A) The purpose of the MIB is to help prevent fraud and to serve as a reliable source of important medical information about insurance applicants. B) Applicants must sign authorization forms for information from the MIB files to be given to a member company. C) The MIB is organized and supported by private hospitals. D) Applicants for life insurance must be informed in writing that the insurer may make a report on their health to the MIB."