Ban Wong (27) is a civil engineer. Ban is single and in good health. However. Ban has a family history of heart disease and high blood pressure. Ban's annual medical exam did not identify any such issues, but he wants to be cautious and secure his future. He is considering disability insurance and he wants protection that is guaranteed to renew each year until age 65. and will have an any occupation definition of disability. Ban is willing to accept premium modifications by the insurer that affect the entire class of policies in exchange for a lower premium. Which of the following is the option which BEST describes the insurance protection that Ban is seekings guaranteed renewable policy cancellable policy non-cancellable policy guaranteed Issue policy ho at applies for an individual disability insurance (Du) policy with a return of premium (ROP) rider. During the application process, the insurer determines that lan is overweight. Aftec the underwriting process, the insurer issues a policy with a Yeung due to lan's weight issue. Which of the following provides a CORRECT description what will happen under ans disability insurance policy Any amounts received by lan as a return of premium will be tax free tan sufers a disability related to his weight no benefits will be payable man will receive a return of premium if the total claims exceed the premiums pald There is that tan pays will be tax deductible Geraldo and Suzanna work together at CasperTech and they are both software developers earning the same Income. Geraldo and Suzanna are both looking to purchase disability insurance. Geraldo is 49 years old, married, and the father of two. Suzanna is 49 years old, married, and the mother of one. Both Geraldo and Suzanna are in good health and neither have a history of serious illness in their families. Which of the following statements is correct given Geraldo and Suzanna's circumstances? 1. Geraldo is more likely to become disabled for a longer period than Suzanna. . Suzanna is more likely to become disabled than Geraldo. I. Geraldo is more likely to pay higher premiums than Suzanna, 1. Suzanna is more likely to pay higher premiums than Geraldo. and ill i and lv and and iv Anastasia works for a small engineering firm that offers a basic group insurance policy for its employees. Anastasia meets with an insurance agent to determine if she should also purchase additional individual coverage. When Anastasia asks about the difference between individual and group insurance, which of the following answers is CORRECT? Anastasia will be considered the owner of both her group and individual policies. Anastasia's group coverage will be portable whereas her individual polley would not be Anastasia's group coverage would not have required underwriting Anastasia's group premiums would be relatively high compared to an individual policy
