Over the period 2000 through 2006, the average annual return on Treasury bills was about 3%. Indicate whether the statement is true or false ANSWER TRUE
Major medical coverage usually begins only after your health care expenditures exceed a rather large deductible. Indicate whether the statement is true or false ANSWER TRUE
There are state-mandated guidelines for witnessing a will. Indicate whether the statement is true or false ANSWER TRUE
Comprehensive health care insurance includes both basic health care coverage and major medical coverage. Indicate whether the statement is true or false ANSWER TRUE
Homeowners’ policies may specifically limit reimbursement on unscheduled personal property. Indicate whether the statement is true or false ANSWER TRUE
Hospital indemnity insurance pays you a set daily amount regardless of your actual expenses. Indicate whether the statement is true or false ANSWER TRUE
Only scheduled personal property is covered by homeowners’ insurance. Indicate whether the statement is true or false ANSWER FALSE
Under the co-insurance clause the insurance company may reimburse you for less than replacement cost on partial structural damage if the dwelling unit is insured for less than 80% of its replacement cost. Indicate whether the statement is true or false ANSWER TRUE
The preferred hospital insurance is hospital indemnity insurance. Indicate whether the statement is true or false ANSWER FALSE
Cash value policies rarely apply surrender charges in the early years. Indicate whether the statement is true or false ANSWER FALSE