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Samira, a 42-year-old single mother of four, owns an individual disability insurance (DI) policy. Last

week, she was hospitalized because of complications from diabetes. She hired an emergency nanny

to care for her children until she was healthy enough to resume her normal activities. To her relief,

Samira's DI policy contains a special rider that would cover up to $250 per day for these types of

expenses.

What is the name of the rider contained in Samira's policy? 

Harold is a 66-year-old retired school bus mechanic. He receives $900 a month from his defined

benefit pension plan (DBPP). His husband Karl is also retired and receives his own pension benefit.

Harold would like to know the minimum monthly pension benefit from his DBPP that Karl will receive upon Harold's death. 

Nikolai owns a guaranteed renewable individual disability policy that he purchased last year. The

policy pays a monthly benefit of $3,000 and includes a 4-month waiting period and a 5-year benefit

period. Today, he is diagnosed with prostate cancer and learns he must undergo 6 months of

radiation.

When should he contact the insurance company to inform them of his diagnosis? 

Dominic suffers a heart attack on October 1 and dies a little over a month later, on November 7. At

the time of his death, he owned a $150,000 critical illness (CI) insurance policy, purchased 10 years

earlier. Dominic never failed to pay the $100 monthly premium. When he died, the insurer had not

yet issued the benefit payment.

How will the CI benefit be treated? 

Kadiha invested $10,000 in a balanced fund 10 years ago, which she put into a non-registered account. At the time, her insurance agent sold her the fund with a 75% maturity and death benefit guarantee. Today, when the fund expires, the market value is $5,000. How much will Kadiha receive, and how will her funds be treated for tax purposes?