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Question #15: Eva has a group disability policy at work that has the following benefit
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Business, 18.05.2021 05:40 ashleyuchiha123
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Question #15: Eva has a group disability policy at work that has the following benefit
amounts mentioned:
All sources maximum: 85% of the employee's net income
Maximum overall: $3,000 per month
Non-evidence maximum: 60% of employee's gross income
The policy also has a group offset amendment that offsets 100% of the benefits received
from Canada Pension Plan (CPP) and Workers' Compensation.
Eva makes a gross income of $4,000 per month and her net income is $3,200 per month
She is covered up to the non-evidence maximum amount. She has been diagnosed with
carpal tunnel syndrome and applied to CPP for benefits. After reviewing her case and
following the CPP benefit waiting period, she began receiving $650 per month from CPP.
How much will her policy pay her under these circumstances?
A $2,400
B. $2,070
C. $1,750
D. $1,500
Answers: 1
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