Nancy’s employer provides an interesting employee benefit plan. Each employee is given 250 employee benefit credits to spend. A wide array of benefits is available, and the employee uses benefit credits to select the benefits that he or she wants. This type of employee benefit plan is called a(n):

Which of the following statements about group insurance underwriting principles is true? 

Lynn works for a state university. In addition to the university’s regular retirement plan, Lynn participates in another retirement savings plan. She elected to have $5,000 of her salary withheld and contributed to a tax-sheltered annuity with an insurer. The type of plan that Lynn established is called a:

The exclusion of flood in a homeowners policy is an example of an:

Insight 17.1 (page 374 or 375 of your textbook, depending on whether you have the etext or hardcover book) highlights Six Common 401(k) Mistakes. While each are costly and damaging to an employee preparing for retirement, which of the six do you think is the biggest mistake? Be sure to offer support for your opinion. Outside research may be conducted for this question alone.

The deductible used for automobile collision losses is an example of a(n):

The deductible used for automobile collision losses is an example of a(n):

The unit of measurement used in property and casualty insurance pricing is called the:

Insight 17.1 (page 374 or 375 of your textbook, depending on whether you have the etext or hardcover book) highlights Six Common 401(k) Mistakes. While each are costly and damaging to an employee preparing for retirement, which of the six do you think is the biggest mistake? Be sure to offer support for your opinion. Outside research may be conducted for this question alone.

 What is the practical effect of an insurance contract being a contract of adhesion?