1) Ayaan's health insurance policy has a deductible of $1,000.

Which of the following statements is true for Ayaan?

• a.) Ayaan and his health care provider will split all medical bills equally up to $1,000.
• b.) Ayaan will only receive compensation up to $1,000 through his policy.
• c.) Ayaan must pay an annual fee of $1,000 to his health insurance provider.
• d.) Ayaan must pay $1,000 before his health insurance provider pays the remaining costs.

2) In which of the following scenarios is the person paying coinsurance?

• a.) When Roy needed surgery, he had to pay $750 toward surgery costs as his insurance would only begin paying after $1,000 was incurred.
• b.) After Kip's medical bills for the year exceed$4,000, he pays 20% of all medical expenses and his insurance pays 80%.
• c.) Leena pays $450 a month for health insurance coverage through her employer.
• d.) Chris pays a flat fee of $30 each time he receives medical care from his primary doctor.

3) Which of the following conditions must a person meet in order to meet the disability requirements of an "any occupation" definition of disability?

• a.) The person must be over 65 years of age.
• b.) The disability is expected to last from three months to one year.
• c.) A person cannot do the work they did before the illness, but they can be trained to perform some other work.
• d.) A person cannot readjust their skills because of their medical condition.

4) Paul and Ronald are business partners who own a law firm together. Paul takes out a life insurance policy on Ronald, with Ronald's wife receiving the insurance payout if Ronald should die.

Which of the following is true in this scenario?

• a.) Ronald's wife is the person who's being insured.
• b.) Paul is responsible for paying the insurance premiums.
• c.) Ronald is named the beneficiary on the insurance policy.
• d.) The life insurance company is the policy owner.