Given a $250 annual deductible, a $5,000 lid on the co-insurance, 80/20 co-insurance, and a $250,000 policy limit, how much of a $27,500 medical bill will be paid by the insured?

Question 11 options:

1)

$ 250

2)

$5,000

3)

$5,450

4)

$5,250

5)

$5,700

Question 12 (0.5 points)

Disability income policies usually have ____ that is a time delay from the date of the issuance of the policy until benefit privileges are activated.

Question 12 options:

1)	waiting periods

2)	probationary periods

3)	elimination periods

4)	internal limit periods

5)	outer limits

Question 13 (0.5 points)

If your employment is terminated, COBRA provides for:

Question 13 options:

1)	cancellation of all group insurance benefits.

2)	continuation of group insurance benefits until you are reemployed.

3)	permanent continuation of group health insurance.

4)	temporary continuation of group insurance benefits; you pay premiums.

5)	temporary continuation of group insurance benefits; employer pays premiums.

Question 14 (0.5 points)

Auto insurance is needed primarily because of:

Question 14 options:

1)	potential damage to auto.

2)	potential liability claims.

3)	lender's requirements.

4)	state law.

5)	federal requirements.

Question 15 (0.5 points)

All of the following except a ____ are highly recommended for a long-term disability income policy.

Question 15 options:

1)	guaranteed renewable clause

2)	cost-of-living adjustment

3)	long duration of benefit

4)	short waiting period

5)	waiver of premium