Reference no: EM132929544

Problem 1: A common component of almost all financial plans is:

a. Life Insurance

b. Bond

c. Education mutual funds

d. An IRA

Problem 2: All except one of the following is a provision that should be considered when purchasing disability coverage:

a. Waiver-of-premium provision

b. Guaranteed-renewable provision

c. Noncancelable provision

d. Moral hazard provision

Problem 3: The difference between "sick time" and short-term disability coverage is

a. Frequency of payment to the ill or disabled person

b. The elimination period

c. Nothing

d. The nature of the illness or disability covered

Problem 4: Benefit integration provides for:

a. All health care costs associated with the disability to be covered

b. All physical therapy and other rehabilitation costs to be covered

c. Reduction of the benefit paid to prevent the insured from getting rich

d. Elimination or reduction of the moral hazard associated with earning income while not working