Which of the following is the most important factor when deciding how much disability income coverage an applicant should purchase?
What does a Guaranteed insurability rider provide a disability income policy owner?
The ability to periodically increase the amount of coverage without evidence of insurability
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?
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?
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?
Which of these statements concerning an individual disability income policy is true
Normally includes an elimination period
P received disability income benefits for 3 months then returns to work. She us 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?
Z owns a disability income policy with a 30 day elimination period. Z contracts pneumonia that leaves him unable to work from Jan 1 until Jan 15. Z then becomes disabled from an accident on Feb 1 and the disability lasts until July 1 the same year. Z will become eligible to receive benefits starting on
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?
T is 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?
The insurer will rescind the policy deny the claim and recover all payments made
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