Hikmat currently earns $5,000 per month. He has an individual disability-income policy that will pay $3,000 monthly if he is totally disabled. Disability is defined in terms of the worker's own occupation. The policy has a 60-day elimination period and also provides pro rata residual disability benefits. Benefits are payable until age 65. a) If Hikmat is severely injured in an auto accident and cannot work for 8 months, how much in total will he collect under his policy? Explain your answer. b) Assume Hikmat returns to work but can work only part time until he recovers completely. If he earns $2,500 monthly as part timer, what is the monthly amount, if any, that Hikmat can collect under his policy? Explain your answer. c) What is the difference between total and residual disability? What is minimum percentage of loss of income for a person to be considered for residual disability? (Note: While answering above questions please correctly label your answer for each sub-question as a, b or c and use at least 3 sentences to answer each sub-question.) Hikmat currently earns $5,000 per month. He has an individual disability-income policy that will pay $3,000 monthly if he is totally disabled. Disability is defined in terms of the worker's own occupation. The policy has a 60-day elimination period and also provides pro rata residual disability benefits. Benefits are payable until age 65. a) If Hikmat is severely injured in an auto accident and cannot work for 8 months, how much in total will he collect under his policy? Explain your answer. b) Assume Hikmat returns to work but can work only part time until he recovers completely. If he earns $2,500 monthly as part timer, what is the monthly amount, if any, that Hikmat can collect under his policy? Explain your answer. c) What is the difference between total and residual disability? What is minimum percentage of loss of income for a person to be considered for residual disability? (Note: While answering above questions please correctly label your answer for each sub-question as a, b or c and use at least 3 sentences to answer each sub-question.)