QUESTION 5

1. What listed below is not a motive to save?

		Life Cycle Motive.
		Independence Motive.
		Liquidity Motive.
		Down Payment Motive.

. Elimination in a disability policy is defined as:

		Illness or injury that occurred within the time period before policy was taken out.
		Assistance in going back to the workforce quicker to avoid payments if insured was out of work.
		Policy limitaitons of 60 to 70% of income on the insurance.
		Time before payments begin, usually 3 to 6 months.