QUESTION 14

Kali and Terry are married with two young children, Kathryn and Dennis. Kali was born January 2 and Terry was born July 1. Kathryn hurt herself in a gymnastics competition at school and needed physiotherapy to help her recover. In total, the physiotherapy costs were $1,325. Kali's employer group plan has a $50 deductible and a $1,000 maximum for physiotherapy. Terry's employer group plan has a $100 deductible and a $1,000 maximum.What amount will Terry's plan reimburse them for Kathryn's expenses?

A.$900

B.$325

C.$1,000

D.$225

QUESTION 16

1. Naalnish is a construction worker for a company that provides long-term disability benefits at 60% of his regular salary, which is $85,000 annually. The plan includes an 85% all-sources maximum benefit. Naalnish has a personal disability policy that pays a 50% benefit.What benefit amount is Naalnish actually entitled to if he becomes disabled?

A.He would receive $3,613 from his group plan and $3,010 from his personal plan.

B.He would receive $2,479 from his group plan and $3,542 from his personal plan

C.He would receive $4,250 from his group plan and $3,542 from his personal plan

D.He would receive $4,250 from his group plan and $1,771 from his personal plan

QUESTION 19

1. You are helping your new client Jagoslaw purchase critical illness insurance and disability insurance. When you present the recommendation to him, he asks why you recommended a lower amount of disability insurance benefits than you did for critical illness insurance.What should you tell Jagoslaw?

A.Critical illness has no maximum because it is not tied to the income or expenses of the beneficiary, but disability coverage is tied to the income he was making when he became disabled.

B.A person is likely to be disabled for a much shorter time than the length of time that they are likely to experience a critical illness.

C.If you had recommended the maximum amount for both policies, he would not have been able to afford both policies.

D.After assessing his financial situation and needs, you determined he needed critical illness insurance more than disability insurance, so you recommended a higher level of critical illness benefits.

QUESTION 21

1. Mai is applying for a long-term care policy. She is trying to decide if she wants to add any riders on her policy. Her main concern is the increasing cost of long-term care. She knows of seniors who lived for many years after a debilitating incident that required long-term care, and after several years found that the cost of care continued to increase until they could no longer afford it. In some cases, the people were mentally healthy, but couldn't perform basic activities of daily living.What rider should you suggest that would be useful to Mai?

A.Cost of living adjustment to cover the risk of inflation

B.A return of premium rider, in case Mai's policy has been claims-free at the time of her death

C.A rider that will include attempted suicide as a covered risk

D.A rider that will include cognitive impairment as a covered risk, even if the insured is physically healthy