Multiple choice

To qualify for a particular policy at a particular price, companies have the right to ask for information about health and lifestyle, which is known as

  1. exclusions or limitations

  2. ERISA plan

  3. evidence of insurability

  4. escrow

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

To qualify for a particular policy at a particular price, companies have the right to ask for information about health and lifestyle. An insurance company will use this information, the evidence of insurability, to decide if your application for insurance is acceptable and at what premium rate.