Question 33

Which of the following factors would typically be a consideration when establishing the premium for an individual's automobile insurance policy?

1. Life expectancy

2. Previous disability claims

3. Geographic region in which the insured vehicle will be driven.

4. Age and gender of the drivers.

Question 33 options:

	1 and 2
	1 and 4
	2 and 3
	3 and 4

Question 34

Janice has named her husband Dan as the beneficiary of the life insurance policy under which she is the policy owner and the life insured. She wants Dan to receive the full proceeds if she predeceases him. Janice also wants to ensure that, if she and Dan should die in a common disaster, the proceeds of the life insurance policy are paid directly to their adult daughter Diana without going through Janice's will. Which of the following actions will address Janice's objectives?

Question 34 options:

	Assign the policy to Diana
	Name Diana as a contingent beneficiary
	Complete an absolute assignment of the policy to Diana
	Name Diana as a successor owner

Question 35

With regards to borrowing against insurance policies:

Question 35 options:

	A policy loan is typically completed through a bank
	Borrowing against the cash value will attract higher interest rates
	A collateral assignment is undertaken against the face value of the policy
	Debts can be forgiven through an application form with the Canada Revenue Agency