Are you looking for the correct answer to the question “F owns a $1 million Major Medical policy with a $500 deductible and an 80/20 coinsurance clause. If F has an illness that costs a total of $30,500, what would be the remaining lifetime benefit that F could receive from his policy?”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.
F owns a $1 million Major Medical policy with a $500 deductible and an 80/20 coinsurance clause. If F has an illness that costs a total of $30,500, what would be the remaining lifetime benefit that F could receive from his policy?
Options
a. $976,500
b. $1 million
c. $976,000
d. $800,000
Answer: C
The above question F owns a $1 million Major Medical policy with a $500 deductible and an 80/20 coinsurance clause. If F has an illness that costs a total of $30,500, what would be the remaining lifetime benefit that F could receive from his policy?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
