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WorksheetsChapter 10_Disability Income
Total questions: 15
Worksheet time: 8mins
Pays an income benefit when the insured is unable to work due to illness or injury (Even if injured on vacation).
Income Replacement Policy
Total Disability
Disability Income Policy
Presumptive Disability
The insurer may have a 15-30 day waiting period before losses due to a pre-existing condition.
Benefit Period
Prohibited Period
Elimination Period
Probationary Period
An insured is able to continue to work at reduced efficiency or reduced hours, but is expected to fully recover.
Temporary Disability
Partial Disability
Any Occupation
Permanent Disability
Provides benefits for loss of income after the insured returns to work usually following a total disability.
Partial Disability
Residual Disability
Recurrent Disability
Presumptive Disability
The time period the insured is eligible to receive payments after the elimination period has been met
Waiting Period
Probationary Period
Elimination Period
Benefit Period
There are two types of disability policies that can be purchased as an individual plan or part of a group plan that determine how a worker qualifies for benefits: (Select all that apply)
Occupational
Permanent Occupation
Nonoccupational
Individual Occupation
A second disability is suffered due to the same cause within a certain period of time, the elimination period will not apply and the disability will be considered continuous.
Recurring Disability
Presumptive Disability
Residual Disability
Recurrent Disability
A dancer slips and falls and sprains an ankle. Will the dancer qualify for Total Disability benefits?
Yes
No
Affects both the short- and long-term group disability benefits for the people employed after age 65.
Medicare
Age Discrimination in Employment Act
Social Security Disability
Medicaid
Provides the funds to cover the overhead expenses of a business when the owner becomes disabled.
Key Employee Insurance
Disability Reducing Term
Business Overhead Expense
None of the above
Does not pay disability income, but pays the medical expenses that are related to an injury that does not result in total disability.
Non-Disabling Injury Rider
Lifetime Benefit Rider
Return of Premium Rider
Impairment Rider
Pays in addition to regular disability policies until Workers’ Compensation or Social Security payments begin.
Hospital Confinement Rider
Rehabilitation Benefits
Social Insurance Supplement Rider
Lifetime Benefit Rider
The 4 statutory claims are: (Select all that apply)
Disability Income
Rehabilitation
Medical Expense
Survivor's Income
None of the above
All of the following are true about Workers' Compensation EXCEPT:
Benefits individual and group disability income
Coverage applies to bodily injury
Workers' Compensation is secondary to SSDI benefits
Workers' Compensation benefits are mandated by state law.
Which Disability Definition fits this situation? An insured is unable to perform their job duties.
Own Occupation
Any Occupation
