Disability insurance :)

What is disability insurance?

• It helps replace a portion of employees income when they are unable to work from there illness or injury.

• The insurer will pay the fixed amount of insurance at the time of death or at the expiry of a certain period.

• Insurance includes Property Insurance, Liability Insurance, and Other Forms of Insurance.

• This insurance is seen in the form of fidelity insurance, automobile insurance, and machine insurance, etc.

Who should purchase disability insurance

• Parents

• Those with recurring injuries

• People in a physically demanding positions

• All the above

Which would be a reason to have disability insurance

• Broke a leg

• When you reach retirement age and have difficulty walking

• You can not work do work previously done due to a long term medical condition

• When you get surgery and will be out of work for a month

True or False: You are allowed to have disability insurance if you have a short term condition.

• True

• False

What are the two types of disabilities insurance?

• When The

• Partial and Total Disability insurance

• Fully and half Disability insurance

• This is the correct answer

What are some factors that effect the cost of disability insurance

• get good

• Gender and income and occupation

• Intelligence and list of medications

• Age and health history

Do all disability insurances cover the same things?

• Obviously Yes

• No since some focus on other things that some other companies don't

• Yes since they all are disability insurances

What is Short-Term Disability Insurance

• An insurance that covers your pay due to injury or disability for up to a year

• An insurance that covers an injury for a long period of time until retirement

• An insurance that covers car crashes and vehicle accidents

• An insurance that cover hospital bills for a short amount of time

What is Long-Term Disability Insurance

• An insurance that covers an injury or disability for up to a year

• An insurance that covers an injury or disability up until retirement

• An insurance that will cover injury costs and medical bills

• An insurance that pays for retirement and living costs for old people

What is a Waiting Period

• The time that you have to wait when you go to the doctors for a checkup

• The time that it takes to apply for disability insurance

• That amount of time that the disability insurance will last for

• The amount of time (30 days to 1 year) that you have to wait for disability insurance to kick in