1. What is default spread in relation to emerging markets?

2. Barbara needs an individual disability income policy. Her agent should recommend all of the following policy features except:

A. Waiver of premium

B. No elimination period

C. Cost of living benefit rider

D. Age 65 benefit period

2. The effect of a stop loss provision in a health insurance policy is to:

A. Limit the lifetime benefit payable under the policy

B. Put a cap on annual benefits that will be paid

C. Provide for the coordination of benefits if the insured has health insurance under more than one policy

D. Limit the insured’s annual out-of-pocket expenses for the deductible and coinsurance