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1. A tax-advantaged medical savings account often used to offset high-deductible

ID: 2808966 • Letter: 1

Question

1.

A tax-advantaged medical savings account often used to offset high-deductible health plans is called a __________.

workers' compensation plan

2.

Insurance designed to help replace lost income in the event of premature death is called __________.

life insurance

3.

__________ are one-time expenses occurring just prior or after death and often include burial expenses.

Readjustment-period needs

4.

The most important feature of a life insurance company is its __________.

ability to pay its obligations

5.

529 plan

Explanation / Answer

1.

A tax-advantaged medical savings account often used to offset high-deductible health plans is called a __________.

health savings account

2.

Insurance designed to help replace lost income in the event of premature death is called __________.

life insurance

3.

__________ are one-time expenses occurring just prior or after death and often include burial expenses.

Final expenses

4.

The most important feature of a life insurance company is its __________.

ability to pay its obligations