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Disability insurance

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

How much does Disability insurance cost a year?

a)

$3,000

b)

$1,500

c)

$2,200

d)

$2,500

2.

Short term disability is coverage for someone who is out of work for a short period of time

a)

True

b)

False

3.

When do you need disability insurance?

a)

When you lose your job

b)

When you first obtain a job

c)

When you drop out of school

d)

When you become disabled and are unable to earn an income

4.

Who would need this insurance?

a)

Anyone who has a job

b)

Someone who was fired from their job

c)

Dogs

d)

Children

5.

Which age(s) use disability insurance?

a)

16

b)

All of the above

c)

35

d)

62

6.

The chance that a worker will become severely disabled while working is higher than expected

a)

True

b)

False

7.

What is the waiting period for short term disability insurance?

a)

0-4 weeks

b)

0-14 days

c)

6 months or less

d)

0-14 weeks

8.

Long term disability insurance can take up to several months to obtain

a)

True

b)

False

9.

What percent of your income does disability insurance cost?

a)

They are all the same 1-3%

b)

Short term 3-5% Long Term 1-3%

c)

Short Term 1-3% Long Term 3-5%

d)

None of these answers are correct

10.

Even though short term and long term have the same % taken from income, short term has higher maximum benefits

a)

True

b)

False