What is the benefit specified in an insurance policy that is different from out-of-pocket expenses because once the stated maximum has been met for a lifetime, no more benefits will be paid?
A) lifetime maximum
B) lifelong maximum
C) maximum benefits
D) existence benefits

Question

Quizplus · Accepted Answer

The phrase "once the stated maximum has been met for a lifetime, no more benefits will be paid" refers to the concept of lifetime maximum benefit. This represents a cap on the total amount of benefits that can be received over the course of an individual's lifetime.

What Is the Benefit Specified in an Insurance Policy That