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Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because she would like to purchase a critical illness (CI) insurance policy. Aaron knows that Samantha has always loved travelling and had wanted to live abroad after retirement. Aaron inquires if travelling and living abroad are still part of Samantha's retirement plan. Why does Aaron want to know if Samantha still plans on living abroad after retiring? Select one correct answer from the list 1 2 The premiums on her CI policy will rise if she lives abroad. The premiums on her CI policy may be rated, depending on the country she chooses. 4. She will have a greater need to implement a CI policy before she leaves. A critical illness policy will not cover her if she lives outside of Canada. 3. 4 ΟΟΟΟ

Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because she would like to purchase a critical illness (CI) insurance policy. Aaron knows that Samantha has always loved travelling and had wanted to live abroad after retirement. Aaron inquires if travelling and living abroad are still part of Samantha's retirement plan. Why does Aaron want to know if Samantha still plans on living abroad after retiring? Select one correct answer from the list 1 2 The premiums on her CI policy will rise if she lives abroad. The premiums on her CI policy may be rated, depending on the country she chooses. 4. She will have a greater need to implement a CI policy before she leaves. A critical illness policy will not cover her if she lives outside of Canada. 3. 4 ΟΟΟΟ

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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On March 1, Ernesto purchases a critical illness (CI) insurance policy. On April 2, he suffers a stroke-a condition covered under the contract. He fills out a claims form on April 10. What is the earliest date that he can receive the CI benefits? Select one correct answer from the list 1. April 2 2. May 2 3. May 10 4. The benefits are not payable. 0000.
Transcribed Image Text:On March 1, Ernesto purchases a critical illness (CI) insurance policy. On April 2, he suffers a stroke-a condition covered under the contract. He fills out a claims form on April 10. What is the earliest date that he can receive the CI benefits? Select one correct answer from the list 1. April 2 2. May 2 3. May 10 4. The benefits are not payable. 0000.
Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because she would like to purchase a critical illness (CI) insurance policy. Aaron knows that Samantha has always loved travelling and had wanted to live abroad after retirement. Aaron inquires if travelling and living abroad are still part of Samantha's retirement plan. Why does Aaron want to know if Samantha still plans on living abroad after retiring? Select one correct answer from the list 1 A critical illness policy will not cover her if she lives outside of Canada. 2 The premiums on her CI policy will rise if she lives abroad. 3. The premiums on her CI policy may be rated, depending on the country she chooses. She will have a greater need to implement a CI policy before she leaves. 4. ΟΟΟΟ
Transcribed Image Text:Aaron, an insurance agent, meets with his long-time client Samantha, a 59-year-old paralegal because she would like to purchase a critical illness (CI) insurance policy. Aaron knows that Samantha has always loved travelling and had wanted to live abroad after retirement. Aaron inquires if travelling and living abroad are still part of Samantha's retirement plan. Why does Aaron want to know if Samantha still plans on living abroad after retiring? Select one correct answer from the list 1 A critical illness policy will not cover her if she lives outside of Canada. 2 The premiums on her CI policy will rise if she lives abroad. 3. The premiums on her CI policy may be rated, depending on the country she chooses. She will have a greater need to implement a CI policy before she leaves. 4. ΟΟΟΟ
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