Question

In the context of hospital cash policies, what does the term "deductible" refer to?

a.

A specified percentage of the claim amount

b.

A fixed amount the insured is required to pay before the claim is paid by the insurer

c.

The cost of hospitalization

d.

The time period the insured must spend in the hospital

Posted under IC38 Life Insurance Agent Exam

Answer: (b).A fixed amount the insured is required to pay before the claim is paid by the insurer Explanation:In hospital cash policies, the term "deductible" refers to a fixed amount the insured is required to pay before the claim is paid by the insurer.

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Q. In the context of hospital cash policies, what does the term "deductible" refer to?
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