Reference no: EM132930594

Problem 1: The two types of disability coverage are:

a. Full income replacement; partial income replacement

b. Arm and leg replacement; cancer overage

c. Own occupation; Any occupation

d. Permanent; Temporary

Problem 2: Planners should protect themselves by for by having the client sign a:

a. Waiver

b. Policy

c. Liability release form

d. Check

Problem 3: Understanding the statistics about disability is important for financial planners because:

a. It helps them assess their client's financial risk factors

b. It helps them sell disability insurance

c. It helps them identify which health insurance policy is best

d. It is a factor in guiding clients in determining what level of emergency savings is appropriate for them

Problem 4: Worker's Compensation insurance provides:

a. Income replacement

b. Payments for medical claims

c. Vocational training benefits

D. All of the above but ONLY for disabilities as a result of work