Disability Insurance

To receive benefits from a disability income policy for disability due to sickness, the insured must be:

• totally disabled

• partially disabled

All of the following define a disability EXCEPT:

• accidental death and dismemberment

• recurrent disability

The benefit that enables a disabled insured to learn to work in another occupation is known as:

• the cost-of-living benefit

• the rehabilitation benefit

The benefit that protects against the erosion of purchasing power for fixed disability benefits is known as:

• the out-of-cost living benefit

• the rehabilitation benefit

The rider that provides more benefits during the first 6 months or year of a claim is known as:

• the cost-of-living rider

• the offset rider

The benefit that pays the regular total disability benefit during the elimination period when the insured is hospitalized is known as:

• the hospital confinement rider

• the rehabilitation benefit

The option that allows an insured to purchase additional amounts of disability income protection is known as:

• the lifetime benefit option

• the future increase option

Social insurance supplements provide disability income:

• before workers' compensation and Social Security begin payments

• after workers' compensation and Social Security end payments

• both A and B

The elimination period may be thought of as:

• a dollar amount deductible

• a time deductible

The longer the benefit period:

• the higher the policy's premium

• the lower the policy's premium