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Question 1

Which of the following is true about disability insurance?

Select one:

a. Because the chance of becoming disabled is small, most people do not purchase disability insurance coverage.

b. The probability of a 35 year becoming disabled for three months or longer before age 65 is 20 percent.

c. Older people are less likely to become disabled than younger people.

d. For people who become disabled longer than three months, the average length of time is 2.9 years.

Question 2

Property damage liability covers damages to your car from accidents that are your fault.

Select one:

True

False

Question 3

The Canada Pension Plan is the easiest disability coverage to qualify for benefits.

Select one:

True

False

Question 4

For auto insurance, which area has the highest level of insurance coverage required by law?

Select one:

a. Third party liability coverage

b. Uninsured motorist coverage

c. Comprehensive coverage

d. Accident benefits coverage

Question 5

Which of the following is true regarding employer sponsored long term disability insurance?

Select one:

a. The most important issue to consider is the definition of disability used.

b. Disability benefits are provided for very long periods, usually to full retirement.

c. All large and medium-sized firms offer an optional disability plan through an insurance company.

d. A typical disability policy covers about 90 percent of the employee's salary.

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