Disability income and related ch 10

A policyholder has which of the following rights under disability policy:

• Refusal of cancellation

• Return of earned premiums

• Extension of renewal period

• Return of unearned premiums

Which statement is true about partial disability benefits:

• Payment may be based on loss of time, income or function

• Uninsured is entitled to a principle some benefit for the partial loss of a limb

• Payment may be based on termination of employment

• They are reduced when an insured is not under a doctor's care

The business overhead expense policy will pay all of the following if a business owner becomes totally disabled, EXCEPT:

• Employee payroll

• Loss of owners income

• Rent

• Utilities

When an insurer combines two periods of disability into one, the insured must have suffered a:

• Partial disability

• Residual disability

• Presumptive disability

• Recurrent disability

Which of the following would be considered a presumptive disability:

• Loss of the hand

• Loss of a foot

• Loss of sight

• Loss of three toes on one foot

Group short term disability policies generally include a coverage. Which can be a maximum of:

• 3 Months

• 6 Months

• 12 Months

• 18 Months

What is the most important factor to consider when writing individual disability income insurance:

• Age

• Wages

• Occupation

• Gender

To be eligible for benefits under the waiver of premium provision, the insured must:

• The confined to house/home

• Take a physical examination every three months

• Pay all premiums due

• Be under a Physician's Care

Which of the following is an eligibility requirement for Social Security disability income benefits:

• At least one year of disability

• Currently insured status

• Being at least age 50

• Fully insured status