You meet with your client, Fernanda (32), for an insurance needs analysis. Based on your discussion, you recommend that Fernanda purchase a four-condition, permanent, critical illness (CI) insurance policy. Which of the following statements CORRECTLY describes Fernanda’s policy?
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| a) | i and iii | |
| b) | i and iv | |
| c) | ii and iii | |
| d) | ii and iv | |
| Rumela has a disability insurance (DI) policy that pays $4,500 per month in the event of disability. The policy has a presumptive disability clause, a 90-day waiting period, and 10-year benefit period. Subsequently, Rumela is injured and becomes totally and permanently deaf. However, this does not result in a loss of earnings since Rumela’s deafness does not affect her ability to function normally in her job as a computer software programmer. Which of the following statements CORRECTLY describes the outcome in this situation? | ||
| a) | Rumela would not qualify for benefits under her policy. | |
| b) | Rumela would receive $4,500 per month starting immediately. | |
| c) | Rumela would receive $4,500 per month starting after 90 days. | |
| d) | Rumela’s benefits will be discontinued if she returns to work. | |
| Fryda has dental coverage under her extended health coverage. Her plan covers 80% for regular maintenance, 50% for restorative procedures, and no coverage for cosmetic procedures. Fryda goes to the dentist for a regular check-up and cleaning. During the visit, the dentist discovers that Fryda has a cracked molar. A second visit is scheduled and Fryda’s cracked molar is extracted. Fryda then returns for several visits over the year to have a dental implant put in to replace her extracted molar. The total cost of her dental work is $4,525: $150 for the check-up and cleaning, $875 for the molar extraction, and $3,500 for the dental implant. If the provincial dental schedule sets the price of extractions at $750 and her dental plan considers the dental implant cosmetic, what is the total amount of Fryda’s dental work that will be covered under her extended health coverage? | ||
| a) | $495 | |
| b) | $720 | |
| c) | $1,025 | |
| d) | $2,245 | |
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