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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 4 Challenges 1

Unit 4 Challenges 1

Q 1. Gabe's health insurance premium is $500 per month. Which of the following statements is true for Gabe? 2. Gabe's health insurance premium is $500 per month. Which of the following statements is true for Gabe? 3. Which of the following conditions must a person meet in order to meet the disability requirements of an "any occupation" definition of disability? 4. Paul and Ronald are business partners who own a law firm together. Paul takes out a life insurance policy on Ronald, with Ronald's wife receiving the insurance payout if Ronald should die. Which of the following is true in this scenario? 5. Which of the following costs will be covered when an individual opts for comprehensive insurance on their automobile?

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1. The insurance premium is the cost of the insurance. Here, Gabe pays $500 toward his health insurance policy each month. 2. A deductible is the amount that you must pay on a claim before insurance comes into play. Here, Marcus has to pay $600 from his own pocket before his health insurance company will contribute any funds to pay his medical bills.