Clients Robert (37) and Lise (29) are non-smokers and in good health. They have 2 children, Yvan (4) and Elena (6). Recently, their close friend Barry was diagnosed with multiple sclerosis and is facing major financial problems because of modifications to his home to accommodate his wheel-chair and other medical requirements. Robert and Lise approach you about coverage to protect against these types of unforeseen events and you discuss critical illness (CI) insurance. Which of the following statements about CI insurance is correct?
a)		The policy will pay a benefit on account of the death of the insured from a covered condition.
b)		If the covered condition is diagnosed or first manifests itself within 30 days of policy issue, it will be covered.
c)		There are no qualification, waiting, or survival periods applicable to CI insurance coverage.
d)		The insured must survive the diagnosis of the covered condition by at least 30 days in order to receive the benefit.

Bonnie works as an instructor at the local college. She has a gross salary of $5,200 per month. Bonnies average tax rate is 25%. The college provides and pays for the premiums on a group disability policy that provides benefits for 60% of her gross income. If Bonnie were to become disabled and unable to work, what is the net monthly benefit she would be entitled to?
a)		$1,300
b)		$2,340
c)		$3,120
d)		$3,900

Roger and Peter are considering a group benefits and insurance plan for their business and employees. You are discussing the options with them and the responsibilities that will be undertaken by them as the plan sponsor versus the obligations that the insurance company will be responsible for. Which of the following statements is correct?
a)		The plan sponsor is responsible for premium billing.
b)		The insurance company is responsible for claims.
c)		The insurance company is responsible for plan member enrolment.
d)		The plan sponsor is responsible for the payment of benefits.