1.

Which of the following is true about disability insurance?

Select one:

a. Older people are less likely to become disabled than younger people.

b. Because the chance of becoming disabled is small, most people do not purchase disability insurance coverage.

c. The probability of a 35 year becoming disabled for three months or longer before age 65 is 20 percent.

d. For people who become disabled longer than three months, the average length of time is 2.9 years.

2.

Which of the following statements is true of disability insurance?

Select one:

a. The combination of CPP, EI and Workers Compensation should provide you with sufficient coverage.

b. If you are self-employed, you should have no need for disability insurance.

c. You should have it even if you are retired and living on a pension.

d. The principle of indemnification will limit the amount of coverage you can get.

3.

If Tom is a technology consultant and wants to purchase reliable long term disability insurance coverage that is cost effective for him, which would be the best choice?

Select one:

a. Own occupation

b. Any occupation

c. Regular occupation to age 65

d. Own occupation to age 65