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IFSE Institute Life License Qualification Program LLQP Question # 98 Topic 10 Discussion

LLQP Exam Topic 10 Question 98 Discussion:
Question #: 98
Topic #: 10

Joshua took out key person disability insurance for his computer engineer, Younes. Monthly benefits after a 60-day waiting period amount to $5,000 a month for 12 months with a replacement expense benefit rider of $2,500 a month. Following a ski accident, Younes remainedin a coma. It took Joshua six months to find a replacement with the same knowledge and skills as Younes. How much did Joshua receive from the insurer?


A.

$75,000


B.

$65,000


C.

$60,000


D.

$50,000


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