Margaret is an employee of Blue Grass Inc. who is covered under the company's short and long-term group disability insurance plan. Margaret's appendix bursts and she will be off work for the next two months. What information about Margaret's short-term disability (STD) benefits is TRUE? Select one correct answer from the list 1. Her benefits will be paid monthly. 2. Her benefits will be taxable. 3. Her benefits will start after a 30-day waiting period. 4. Her benefits will be between 50 % -60% of her pre-disability income. ΟΟΟΟ Carlo is a 56-year-old self-employed inventor and helmet designer, who competes in motocross and works from home. Despite his history of minor motocross injuries, he is in excellent health. Carlo recently applied for accident and sickness insurance with his agent Marie. When Carlo calls to inquire about the status of his application, Marie informs him that the insurer is waiting for the inspection report before they can underwrite the application. Carlo asks Marie to explain what the inspection report involves. What is Marie's CORRECT response? Select one correct answer from the list 1. The investigative agency will inspect Carlo's workplace to assess the risk of injury. 2 The investigative agency will assess Carlo's lifestyle and activities to verify the level of risk submitted. 3. The insurance company physician will inspect Carlo's medical history. 4 The investigative agency will verify the sources of his self-employment income. ΟΟΟΟ
Margaret is an employee of Blue Grass Inc. who is covered under the company's short and long-term group disability insurance plan. Margaret's appendix bursts and she will be off work for the next two months. What information about Margaret's short-term disability (STD) benefits is TRUE? Select one correct answer from the list 1. Her benefits will be paid monthly. 2. Her benefits will be taxable. 3. Her benefits will start after a 30-day waiting period. 4. Her benefits will be between 50 % -60% of her pre-disability income. ΟΟΟΟ Carlo is a 56-year-old self-employed inventor and helmet designer, who competes in motocross and works from home. Despite his history of minor motocross injuries, he is in excellent health. Carlo recently applied for accident and sickness insurance with his agent Marie. When Carlo calls to inquire about the status of his application, Marie informs him that the insurer is waiting for the inspection report before they can underwrite the application. Carlo asks Marie to explain what the inspection report involves. What is Marie's CORRECT response? Select one correct answer from the list 1. The investigative agency will inspect Carlo's workplace to assess the risk of injury. 2 The investigative agency will assess Carlo's lifestyle and activities to verify the level of risk submitted. 3. The insurance company physician will inspect Carlo's medical history. 4 The investigative agency will verify the sources of his self-employment income. ΟΟΟΟ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
112
Transcribed Image Text:Margaret is an employee of Blue Grass Inc. who is covered under the company's short and long-term
group disability insurance plan. Margaret's appendix bursts and she will be off work for the next two
months. What information about Margaret's short-term disability (STD) benefits is TRUE?
Select one correct answer from the list
1. Her benefits will be paid monthly.
2. Her benefits will be taxable.
3.
Her benefits will start after a 30-day waiting period.
4. Her benefits will be between 50 % -60% of her pre-disability income.
ΟΟΟΟ
Transcribed Image Text:Carlo is a 56-year-old self-employed inventor and helmet designer, who competes in motocross and
works from home. Despite his history of minor motocross injuries, he is in excellent health. Carlo
recently applied for accident and sickness insurance with his agent Marie. When Carlo calls to inquire
about the status of his application, Marie informs him that the insurer is waiting for the inspection
report before they can underwrite the application. Carlo asks Marie to explain what the inspection
report involves.
What is Marie's CORRECT response?
Select one correct answer from the list
1. The investigative agency will inspect Carlo's workplace to assess the risk of injury.
2 The investigative agency will assess Carlo's lifestyle and activities to verify the level of risk submitted.
3. The insurance company physician will inspect Carlo's medical history.
4 The investigative agency will verify the sources of his self-employment income.
ΟΟΟΟ
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