Angus is involved in a motorcycle accident and due to his injuries has to spend a few nights in the hospital. He is released from the hospital with a doctor's note indicating that he is able to perform certain parts of his job, but that it would take months until he can be back to normal. He promptly calls his insurance agent Dawn to ask her if he would be entitled to his disability benefits. Dawn reads his policy and tells him that he will not receive any disability benefits. Which disability definition is MOST LIKELY included in his policy? Select one correct answer from the list 1. Own Occupation 2 Any occupation 3. Regular occupation 4. Total disability (according to the CPP) Vladimir is a new insurance agent with Family-Assure Inc. He and his supervisor Petros are reviewing the information collected during Vladimir's first meeting with Vanessa, a restaurant owner looking to add to her existing disability insurance (DI) coverage. Petros notices an overlap among sources, although the existing coverage appears adequate. Petros reminds Vladimir to explain to Vanessa how she would be impacted if she were to claim disability benefits. What should Vladimir tell Vanessa? Select one correct answer from the list 1. Her DI benefits may be scaled back accordingly. 2. It is more prudent to leave current coverage in place regardless of the overlap. 3. Overlapping among sources may result in longer waiting periods. 4. The insurer may refuse payment due to the appearance of fraud. ΟΟΟΟ
Angus is involved in a motorcycle accident and due to his injuries has to spend a few nights in the hospital. He is released from the hospital with a doctor's note indicating that he is able to perform certain parts of his job, but that it would take months until he can be back to normal. He promptly calls his insurance agent Dawn to ask her if he would be entitled to his disability benefits. Dawn reads his policy and tells him that he will not receive any disability benefits. Which disability definition is MOST LIKELY included in his policy? Select one correct answer from the list 1. Own Occupation 2 Any occupation 3. Regular occupation 4. Total disability (according to the CPP) Vladimir is a new insurance agent with Family-Assure Inc. He and his supervisor Petros are reviewing the information collected during Vladimir's first meeting with Vanessa, a restaurant owner looking to add to her existing disability insurance (DI) coverage. Petros notices an overlap among sources, although the existing coverage appears adequate. Petros reminds Vladimir to explain to Vanessa how she would be impacted if she were to claim disability benefits. What should Vladimir tell Vanessa? Select one correct answer from the list 1. Her DI benefits may be scaled back accordingly. 2. It is more prudent to leave current coverage in place regardless of the overlap. 3. Overlapping among sources may result in longer waiting periods. 4. The insurer may refuse payment due to the appearance of fraud. ΟΟΟΟ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
77
Transcribed Image Text:Angus is involved in a motorcycle accident and due to his injuries has to spend a few nights in the
hospital. He is released from the hospital with a doctor's note indicating that he is able to perform
certain parts of his job, but that it would take months until he can be back to normal. He promptly calls
his insurance agent Dawn to ask her if he would be entitled to his disability benefits. Dawn reads his
policy and tells him that he will not receive any disability benefits. Which disability definition is MOST
LIKELY included in his policy?
Select one correct answer from the list
1. Own Occupation
2 Any occupation
3. Regular occupation
4. Total disability (according to the CPP)
Transcribed Image Text:Vladimir is a new insurance agent with Family-Assure Inc. He and his supervisor Petros are reviewing
the information collected during Vladimir's first meeting with Vanessa, a restaurant owner looking to
add to her existing disability insurance (DI) coverage. Petros notices an overlap among sources,
although the existing coverage appears adequate. Petros reminds Vladimir to explain to Vanessa how
she would be impacted if she were to claim disability benefits.
What should Vladimir tell Vanessa?
Select one correct answer from the list
1. Her DI benefits may be scaled back accordingly.
2.
It is more prudent to leave current coverage in place regardless of the overlap.
3. Overlapping among sources may result in longer waiting periods.
4. The insurer may refuse payment due to the appearance of fraud.
ΟΟΟΟ
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