25 Serena is a member of her employer's group disability insurance plan. Serena and her employer share the cost of the premium 50%/50% and the total premium paid on the plan to date has been $7,400. Serena made her first claim since joining that plan and received $21,000 in benefits this past year. How much of the disability income would be taxable to Serena? $0 $3,700 $17,300 $21,000 Oa) Ob) Oc) Od) 26 Oa) Ob) 00) Devon is planning a trip abroad to go scuba diving in the Caribbean. When Devon asks you about travel insurance, which of the following would be a CORRECT response that you could provide to Devon? Travel insurance benefits are most commonly provided on an indemnity basis. Devon would typically not be covered if he was injured while scuba diving. Devon would typically undergo a medical examination if he were to apply for travel insurance. Most credit cards offer travel insurance that is comparable to individual insurance plans. Od) 27 Bracklin, a lawyer age 55, would like an individual disability insurance policy. His main objective is to ensure that once he is issued the policy, he will always have the same coverage with the same terms until the policy matures at age 65. At age 65, he wants to have the option to convert the policy, without medical evidence, to mature at age 75. Which of the following policies BEST meet Bracklin's twin-objectives? non-cancellable policy cancellable policy guaranteed-to-issue policy guaranteed renewable policy Oa) Ob) Oc) Od)