1) Gabe's health insurance premium is $500 per month.

Which of the following statements is true for Gabe?

• a.) The $500 is the amount that Gabe has to pay before the insurance company pays the remaining costs.
• b.) The $500 is the maximum amount that the insurance company will pay toward a claim.
• c.) The $500 is the recurring payment Gabe makes to the insurance company to keep the policy active.
• d.) The $500 is the fixed amount that Gabe has to pay every time he files an insurance claim.

2) In which of the following scenarios is the person paying an insurance deductible?

• a.) Leanza pays a standard rate of $20 every time she has a doctor's appointment, while her insurance pays the remaining amount.
• b.) Alice pays $200 toward her health insurance every month and her employer pays the remaining balance.
• c.) Kenneth pays 15% of his insurance costs and his employer pays the remaining 85%.
• d.) Marcus must pay a total of $600 toward his medical costs before his insurance will begin to assist him with the payments.

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.