Question

23 abbas is employed and covered under the workers compensation (wc) program. his family includes his wife and three children. he decided to apply for a life insurance policy and meets with an agent who is analyzing his insurance needs. abbas asks the agent if the wc benefits will be taken into account while determining the familys insurance needs. which of the following responses will the agent provide?
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a. ( circ ) wc benefits will be included as they pay a lump sum benefit that covers final expenses.
b. ( circ ) wc benefits cannot be included as they are payable only when death occurs at work or is linked to work.
c. ( circ ) wc benefits will be included as they provide monthly pensions for the surviving spouse and children.
d. ( circ ) wc benefits cannot be included as they are payable only when the surviving spouse is unemployed.
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Explanation:

To solve this, we analyze workers' compensation (WC) benefits:

• Option a: WC doesn't typically pay a lump sum for final expenses as its focus is work - related death/injury, so a is wrong.
• Option b: WC benefits are payable only when death is work - related (occurs at work or is linked to work). For general life insurance needs analysis, since WC has this strict work - related trigger, it can't be included.
• Option c: WC doesn't provide monthly pensions for surviving spouses/children in the same way as general life insurance - related income replacement, and its eligibility is work - related, so c is wrong.
• Option d: WC eligibility isn't based on the surviving spouse's employment status, so d is wrong.

Answer:

b. WC benefits cannot be included as they are payable only when death occurs at work or is linked to work.