Question

An agent must give a prospective insured an Outline of Coverage when taking an application for a ________ policy.

1) whole life policy
2) variable annuity
3) medicare supplement policy
4) term life policy

Answer 1

An agent must give a prospective insured an Outline of Coverage when taking an application for a medicare supplement policy.

Step-by-step explanation:

An agent must give a prospective insured an Outline of Coverage when taking an application for a medicare supplement policy. An Outline of Coverage is a document that provides detailed information about the benefits, exclusions, and limitations of the insurance policy. It helps the insured understand the terms and conditions of the policy before making a decision to purchase.