Consider the following cases:

1. Olivia has a group insurance policy that requires her to pay 25% of dental services that exceed $300 and 50% of vision care. How much will Olivia pay if she has dental expenses of $4,000 and $600 for eyeglasses?

2. Tina wants to have some life insurance. She calculates that she will need to buy eight times her after tax income. Her annual income is $40,000 and her federal tax bracket is 15% and her Alberta tax bracket is 10%. How much insurance will she need to purchase?

3. Max receives $4,000 a month and spends 60% of his after tax income for basic living. He spends $200 a month at work on coffees and meals at cafeteria His employer does not provide any disability insurance coverage. How much individual disability insurance should Max buy