LCO Quiz Whizz Ep. 8

​LCO Quiz Whizz Ep.8

​Premier Disability Cover

Multiple Choice

Insured is working prior to the disability. What is the deferment period and for how long will this benefit last?

• Deferment period is 60 days, Benefit lasts up to age 65.

• Deferment period is 90 days, Benefit lasts up to age 65.

• Deferment period is 60 days, Benefit lasts up to age 70.

• Deferment period is 90 days, Benefit lasts up to age 70.

Multiple Choice

After 24 months, if the Insured finds an income-paying work but it is not a suitable occupation that he has been taught, experienced or trained for, what will happen?

• AIA will pay the full Disability Benefit amount.

• AIA will pay the Disability Benefit minus the earned income.

• AIA will match the Earned Income amount if it is less than the Disability Benefit.

• AIA will stop paying the Disability Benefit.

Multiple Choice

Insured is not working prior to the disability. What is the condition to receive the benefit payment for the first 24 months?

• 1 out of 5 ADLs

• 1 out of 5 ADLs (excluding Mobility)

• 1 out of 5 ADLs (excluding Toileting)

• 2 out of 6 ADLs

Multiple Choice

If the Insured qualifies for Disability Benefit, we will pay ___ time(s) the Insured Amount under the Payback Benefit

• 1 time

• 2 times

• 3 times

• No such benefit for PDC

Multiple Choice

Is Premier Disability Cover available as a Rider?

• No, it is not.

• Yes, under Guaranteed Protect Plus.

• Yes, under Pro Lifetime Protector.

• Yes, under Guaranteed Protect Plus and Pro Lifetime Protector

​Pay Protector

Multiple Choice

Insured is working prior to the disability. What is the deferment period and is there a Payback Benefit?

• Deferment period is 60 days, No Payback Benefit

• Deferment period is 90 days, No Payback Benefit

• Deferment period is 60 days, 2 months of insured amount for Payback Benefit

• Deferment period is 90 days, 3 months of insured amount for Payback Benefit

Multiple Choice

The Disability Benefit will cease when these conditions are met:

• 48 months of benefits paid OR at age 65

• 48 months of benefits paid OR at age 70

• 60 months of benefits paid OR at age 65

• 60 months of benefits paid OR at age 70

Multiple Choice

If the Insured receives Remuneration (Sick pay, Variable income through fees, bonuses, etc.) while disabled, what will happen?

• AIA will pay the full Disability Benefit amount.

• AIA will pay the Disability Benefit minus the earned income.

• Deferment period is 60 days, Benefit lasts up to age 70.

• AIA will stop paying the Disability Benefit.

Multiple Choice

What is the Monthly Benefit and Premium Waiver structure like?

• Monthly Benefit can be set at multiples of $50, Premium Waiver available as a rider.

• Monthly Benefit can be set at multiples of $50, Premium Waiver is built-in.

• Monthly Benefit fixed at multiples of $1,000, Premium Waiver available as a rider.

• Monthly Benefit fixed at multiples of $1,000, Premium Waiver is built-in.

Multiple Choice

Does Pay Protector pay out the Disability Benefit if a mental illness causes the Insured to pause or switch their career.

• No, mental illnesses are not covered.

• Yes, mental illnesses are covered.