1. At what age do those with disabilities start to have difficulty associated with their condition? Select a choice: a. 61 b. 43 2. 2.Who pays the cost of sick leave benefits for an employee? a. The employee b. The employer 3. 3.A term insurance rider can be added to a _____________ life insurance policy. a. Term or permanent b. Permanent 4. 4.Jason is 16 when his father dies. Jason is named sole beneficiary of his fathers life insurance policy. Which statement is true? a. Jason can inherit the policy only if he deposits the sum to an annuity. b. Jason can inherit the policy but cannot have control over the proceeds. 5. 5.The reason-why letter to support recommendations is: a. Strongly suggested for insurance advisors b. Mandatory for insurance advisors 6. 6.The reason-why letter is a pillar of insurance sales: a. Suitability b. Recommendations 7. 7.In which form of mortgage will an interest rate differential be charged if the mortgage is closed earlier than its term: a. Fixed-rate mortgage b. Variable-rate mortgage 8. 8.Jim has been paying the premiums on his bank-issued mortgage life insurance for nine years. The amount owing on the mortgage has decreased quite substantially and his life insurance premiums have: a. Stayed in step and decrease. b. Stayed the same 9. 9.What is the leading cause of death for men younger than 44? a. Heart attack b. Accidents 10. 10.Three weeks after Mike cancelled his critical illness insurance, he was diagnosed with a form of cancer covered in the policy. Mike argued that the cancer existed during the time the policy was in force. Will he receive the benefit of the policy? a. Yes, because he did not know of the cancer when he cancelled the policy. b. No because he cancelled the policy and then learned of the diagnosis 11. 11.Wendy is applying for a personal disability policy and determining the amount of coverage she will need. She should plan for: a. A benefit that is 60% of her current income. b. A benefit that is 100% of her current income 12. 12.The likelihood of disability being experienced by an individual is determined by the: a. Definition of disability in the policy b. The occupational class of the applicant 13. 13.Jennifer, 38, is on the partnership track at her professional firm. She wants life insurance coverage that will keep pace with her income since her family depends on her income for its needs. She is not ready to commit to permanent insurance. To best meet her needs, Jennifer should acquire: a. A term policy with a guaranteed insurability benefit rider b. A renewable term policy 14. 14.Ethics is oriented towards _____________ and doing the _____ thing in a given situation. a. Decisions/ best possible b. Behaviour/ right 15. 15.Which is one of the principles of fairness as stated by FP Canada? a. Suitability b. Disclosure 16. 16.Self-insuring is based on the principle of: a. Pooling b. Saving 17. 17.An emergency fund is a form of: a. Self-insurance b. Long-term income 18. 18.The purpose of an emergency fund is: a. Short-term savings b. To cover the expenses of a major, unplanned, and sudden need 19. 19.A stable pre-existing condition includes: a. A condition that is improving and in which medication requirements are reduced. b. An absence of new symptoms 20. 20.Pre-existing conditions do not include: a. Mental health disorder b. Accidents experienced while travelling