Jun 20, 2025 | Study Notes, Life & Health
Elimination Period & Probationary Period An elimination period is the number of days between an event and when a benefit happens. The most typical example is Disability insurance. Pretend I come into your office to buy disability insurance. You say, “Pat I...
Jun 19, 2025 | Study Notes, Life & Health
“Accidental Bodily Injury” Vs. “Accidental Means” Accidental bodily injury will cover you for any type of injury that comes from any accident. You want your policy to be this way, since it’s the most liberal definition and covers more. A policy that is accidental...
Jun 11, 2025 | Study Notes, Life & Health
7 Pay Test MEC For purposes of the exam there are a couple of important things to keep in mind. You don’t need to know how to do the “7 pay Test” and you really don’t even need to know what it is … you just need to know: There is...
May 30, 2025 | Study Notes, Property & Casualty
Property Policies The primary purpose of property policies is to pay for losses after a peril (fire, hail, etc.) occurs and causes direct damage to the property. There are 4 main components/concerns to consider when your purchase a property policy: Structure, Personal...
May 28, 2025 | Study Notes, Property & Casualty
Property & Casualty Quick Notes Study Tip: Make Quick Notes cards with the Bolded words on one side and the definition on the other. General Topics Insurable Interest – You must have interest into the item/person you are insuring, meaning you get insurance...
May 26, 2025 | Study Notes, Property & Casualty
Claims Procedure Claims Procedures is the process for what happens when a claim is filed. Each one is it’s own provisions, but they all fall under the umbrella of claim procedures. Now, this is typically done by the doctors office and most people are not involved with...
