Question 1 ( 1 point) James Bond is an independent consultant, providing computer repair and software installation and maintenance to small businesses. He has been operating his business for ten years since he retired from the spy business, and averages about $90,000 a year, net of expenses. Lately, Bond has become concerned about how he might survive financially if he was to become ill or injured and be unable to work for a period of time, or at least unable to work full time. He has approached you regarding disability insurance. Which of the following policies should you recommend? A disability income replacement policy with a residual disability rider. A disability income replacement policy with no riders or extra benefits. A disability income replacement policy with a presumptive disability clause. An office overhead expense disability policy. Scooby-Doo recently left his job with a large private detective firm to begin his own detective company. He was able to convert $150,000 of his group life insurance into an individual policy without evidence of insurability, but his group disability coverage was not convertible. Scooby expects an income after expenses of at least $100,000 and applied for disability income replacement coverage of $5,000 a month. He has a small emergency fund, and wondered about a 30 -day waiting period. You suggested a 90 -day waiting period. Why? The 30-day waiting period would likely have been very expensive The Insurance Act does not permit waiting periods less than 90 days Insurance companies will not issue contracts with waiting periods less than 90 days. The 90-day waiting period coordinates with CPP and El disability benefits Question 14 (1 point) Group accident and sickness plan do not typically cover services or products