Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9:35 14 A few years ago, Robin took out a disabiuty policy for a benefit of 55,000 per month in the event of total disability.

image text in transcribed
9:35 14 A few years ago, Robin took out a disabiuty policy for a benefit of 55,000 per month in the event of total disability. The policy has a 24-month benefit period with a regular occupation definition of disability. The policy includes a recurrent disability clause. The policy has a 90-day elimination period and a recurrent disability pred six months. Robin suffered a stroke and was bedridden for 18 months after which he recovered enough to run work. Unfortunately, three months after he returned work, he had a recurrent minor stroke and was off work another four months. Following his stroke, he returned to work full time. In terms of disability benefits, how much did Robin receive in total from his policy for the 28 months he was off a. O $77,000 b. O $72,000 $66,000 d. $57,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions