( 4 ) – Disability Income Insurance

Which of these statements concerning an individual Disability Income policy is TRUE?

D is an architect receiving Disability Income benefits who is not able to return to work full time, but can work on a part-time basis. Which of these features would allow D to continue receiving benefits?

What does a Guaranteed Insurability rider provide a Disability Income policyowner?

What is the primary factor that determines the benefits paid under a disability income policy?

P received Disability income benefits for 3 months then returns to work. She is able to work one month before her condition returns, leaving her disabled once again. What would the insurance company most likely regard this second period of disability as?

K becomes ill after traveling overseas and is unable to work for 3 months. What kind of policy would cover her loss of income?

J has a Disability Income policy that does NOT provide benefits for losses occurring as the result of his employment. What kind of coverage is this?

Which of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase?

V is insured under an individual Disability Income policy with a 30-day Elimination period. On July 1, he is involved in an accident and temporarily disabled. He returns to work on December 1. How many months of benefit are payable?

The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled is called the?

Loss of income insurance provides?

An example of a presumptive disability would be ?

A policyowner suffers an injury that renders him incapable of performing one or more important job duties. Any decrease in income resulting from this injury would make him eligible for benefits under which provision?

Which clause defines total disability as being unable to perform the major duties of the insured's regular occupation?

What percentage of a participant's income are group long-term disability benefit amounts typically limited to?

Coming from an insurance point of view, which of the following is the main risk associated with disability?

Which type of disability would be less than total impairment and equal to permanent impairment?

What is the purpose of a Disability Income Benefit?

What is the elimination period of an individual disability policy?

A disability policy owner is injured and becomes totally disabled. The benefits pay for 2 years, starting from the date of the injury. What is this time period called?

M becomes disabled and is unable to work for six months. M dies soon after from complications arising from this disability. M has a Disability Income policy that pays $2,000 a month. Which of the following statements BEST describes what is owed to her estate?

When determining the monthly benefit amount for a Disability Income policy, the factor that limits the amount a prospective insured may purchase is?

When an insured has the same disability within a specified time period and the insurance company provides the same benefits without a new waiting period, the second disability is covered under which of the following benefits?

Which of these statements concerning an individual Disability Income policy is TRUE?

Disability policies do NOT normally pay for disabilities arising from which of the following?

T has Disability Income policy that pays a monthly benefit of $5000. If T becomes partially disabled, what can he likely expect?

K becomes ill after traveling overseas and is unable to work for 3 months. What kind of policy would cover her loss of income?

An individual Disability Income insurance applicant may be required to submit all of the following information EXCEPT?

B is a teacher who was injured in a car accident and cannot work. She is now receiving monthly benefits as a result of this accident. Which type of policy does B have?

In a Disability Income policy, which of these clauses acts as a deductible?

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this?

When a person returns to work after a period of total disability but cannot earn as much as he or she did before the disability, this situation is called which of the following?

A CEO's personal assistant suffered injuries at home and as a result, was unable to work for four months. Which type of policy will pay a monthly benefit to the personal assistant?

R had received full disability income benefits for 6 months. When he returns to work, he is only able to resume half his normal daily workload. Which provision pays reduced benefits to R while he is not working at full capacity?

With Disability Income insurance, an insurance company may limit the monthly benefit amount a prospective policy holder may obtain because of the insured's?

Non-occupational disability coverage is designed for?

An insured owns an individual Disability Income policy with a 30-day Elimination Period for sickness and accidents and a monthly indemnity benefit of $500. If the insured is disabled for 3 1/2 months, what is the MAXIMUM amount he would receive for an approved claim?

T was insured under an individual Disability Income policy and was severely burned in a fire. As a result, T became totally disabled. The insurer began making monthly benefit payments, but later discovered that the fire was set by T in what was described as arson. What actions will the insurer take?