Reference no: EM133034999

1. Explain the difference between the definitions of own, regular, and any occupation in a disability contract.

2. "Partial disability" means that the insured is unable to perform a certain level of regular duties. Assume a person was making $100,000 of annual income and wasentitled to a disability benefit of $6500 per month. Where the disability policy is defined by the loss of income, how much benefit should they receive monthly if, after anaccident, they were only able to return to work 2 days per week and had to suffer a reduction in salary accordingly?

3. There is a tendency for those who considered themselves to be at risk to be the firstto apply for insurance coverage. What is this tendency called?

4. List the different types of dividend options available in life insurance policies.

5. Explain why disability is not an alternative to critical illness coverage.

6. List 3 advantages group-based insurance coverage offers over individual policies

7. Explain how the coordination of benefits works.

8. Assume Jaden and Marsha are a married couple. Jaden is a member of a group insurance plan (through his employer) that provides group dental coverage with a $100 deductible and an 80% co-insurance factor. Marsha is a member of an association group dental plan
that has a $50 deductible and a 100% co-insurance factor. Marsha's plan also provides spousal coverage. The couple's first dental claim for the year is a $250 X-ray and cleaning bill for Jaden. Explain how Jaden's claim is treated under the coordination of benefits.

9. From question 19, explain what would happen in terms of reimbursement if Jaden's claim was only $75.