Disability Income Insurance | 100% Correct Answers
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Which of these statements concerning an individual Disability Income policy is TRUE? - ✔✔"Normally includes an Elimination period" (Disability Income policies typically contain an Elimination ) ... 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? - ✔✔Residual Benefit clause (A residual amount benefit is based on the proportion of income actually lost due to the partial disability, taking into account the fact that the insured is able to work and earn some income.) What does a Guaranteed Insurability rider provide a Disability Income policyowner? - ✔✔The ability to periodically increase the amount of coverage without evidence of insurability. What is the primary factor that determines the benefits paid under a disability income policy? [Show More]
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