Question 1

The method of determining life insurance requirements that does not ignore such important factors as emergency funds and your liquid assets is called the

Accepted Answer

A) easy method. 
B) "family need" method 
C) DINK method. 
D) "nonworking" spouse method. 
E) hard method. 
A) easy method. 
B) "family need" method 
C) DINK method. 
D) "nonworking" spouse method. 
E) hard method.

Question 2

Critical insurance illness is gaining recognition in Canada as a valuable insurance tool.

Accepted Answer

A) True 
 B)False

Question 3

The premium for non-cancelable and guaranteed renewable disability income insurance is higher,

Accepted Answer

A) therefore, younger people should skip these coverages. 
B) hence, the insurance companies enjoy better profit margins. 
C) therefore, very few older workers should carry these coverages. 
D) but the coverages are well worth the extra cost 
E) hence, the policy pays benefits for life. 
A) therefore, younger people should skip these coverages. 
B) hence, the insurance companies enjoy better profit margins. 
C) therefore, very few older workers should carry these coverages. 
D) but the coverages are well worth the extra cost 
E) hence, the policy pays benefits for life.

Question 4

A two-earner couple may have

Accepted Answer

A) the greatest need for life insurance. 
B) no need for life insurance. 
C) a moderate need for life insurance, especially if they have a mortgage. 
D) the greatest need for an annuity. 
E) no need for an annuity. 
A) the greatest need for life insurance. 
B) no need for life insurance. 
C) a moderate need for life insurance, especially if they have a mortgage. 
D) the greatest need for an annuity. 
E) no need for an annuity.

Question 5

After you buy new life insurance you have a "free look" period of ______ days.

Accepted Answer

A) 10 
B) 7 
C) 21 
D) 30 
E) 28 
A) 10 
B) 7 
C) 21 
D) 30 
E) 28

Question 6

Which of the following will be used to determine a term insurance policy?

Accepted Answer

A) age at which people will die. 
B) number of people who will die this year. 
C) number of people who will buy insurance this year. 
D) number of agents who sell life insurance. 
E) number of accidents in the region 
A) age at which people will die. 
B) number of people who will die this year. 
C) number of people who will buy insurance this year. 
D) number of agents who sell life insurance. 
E) number of accidents in the region

Question 7

Disability income insurance is probably the most coveted form of available insurance protection.

Accepted Answer

A) True 
 B)False

Question 8

A document attached to the policy that modifies its coverage by adding or deleting a specified condition is called a(n)

Accepted Answer

A) beneficiary. 
B) waiver of premium. 
C) automatic premium loan. 
D) rider. 
E) incontestability clause. 
A) beneficiary. 
B) waiver of premium. 
C) automatic premium loan. 
D) rider. 
E) incontestability clause.

Question 9

Disability income benefits begin on the 10thday you are disabled.

Accepted Answer

A) True 
 B)False

Question 10

Disability can cause even greater financial problems than death.

Accepted Answer

A) True 
 B)False

Question 11

Long-term-care insurance is a type of supplemental health insurance

Accepted Answer

A) True 
 B)False

Question 12

In Canada most basic medical procedures are provided for under provincial government health plans.

Accepted Answer

A) True 
 B)False

Question 13

Group health insurance plans comprise about 60 percent of all health insurance issued by health and life insurance companies.

Accepted Answer

A) True 
 B)False

Question 14

The "free-look" period allows you to cancel your life insurance without penalty anytime within 10 days.

Accepted Answer

A) True 
 B)False

The method of determining life insurance requirements that does not ignore such important factors as emergency funds and your liquid assets is called the

Critical insurance illness is gaining recognition in Canada as a valuable insurance tool.

The premium for non-cancelable and guaranteed renewable disability income insurance is higher,

A two-earner couple may have

After you buy new life insurance you have a "free look" period of ______ days.

Which of the following will be used to determine a term insurance policy?

Disability income insurance is probably the most coveted form of available insurance protection.

A document attached to the policy that modifies its coverage by adding or deleting a specified condition is called a(n)

Disability income benefits begin on the 10^thday you are disabled.

Disability can cause even greater financial problems than death.

Long-term-care insurance is a type of supplemental health insurance

In Canada most basic medical procedures are provided for under provincial government health plans.

Group health insurance plans comprise about 60 percent of all health insurance issued by health and life insurance companies.

The "free-look" period allows you to cancel your life insurance without penalty anytime within 10 days.

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Finances of Housing

Home and Automobile Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Retirement Planning

Estate Planning

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Exam 9: Life, Health, and Disability Insurance

The method of determining life insurance requirements that does not ignore such important factors as emergency funds and your liquid assets is called the

Critical insurance illness is gaining recognition in Canada as a valuable insurance tool.

The premium for non-cancelable and guaranteed renewable disability income insurance is higher,

A two-earner couple may have

After you buy new life insurance you have a "free look" period of ______ days.

Which of the following will be used to determine a term insurance policy?

Disability income insurance is probably the most coveted form of available insurance protection.

A document attached to the policy that modifies its coverage by adding or deleting a specified condition is called a(n)

Disability income benefits begin on the 10thday you are disabled.

Disability can cause even greater financial problems than death.

Long-term-care insurance is a type of supplemental health insurance

In Canada most basic medical procedures are provided for under provincial government health plans.

Group health insurance plans comprise about 60 percent of all health insurance issued by health and life insurance companies.

The "free-look" period allows you to cancel your life insurance without penalty anytime within 10 days.

Personal Financial Planning: An Introduction

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Banking Services of Financial Institutions

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

The Finances of Housing

Home and Automobile Insurance

Fundamentals of Investing

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Retirement Planning

Estate Planning

Filters

Disability income benefits begin on the 10^thday you are disabled.