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Benefits Beginner:
Disability Insurance
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Choose wisely. There is only one correct answer to each question.
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1.
A return-to-work disability provision in a disability insurance policy means that _______.
Choose wisely. There is only one correct answer.
You can receive benefits even if you don't go back to work
You receive medical benefits even after you return to work
Your employer can cut off your benefits and make you return to work
None of the above
You receive medical benefits even after you return to work. This provision protects you if you are both disabled and able to do some work.
2.
The cost of a disability insurance premium depends on _______.
Choose wisely. There is only one correct answer.
Your age
Your sex
Your job
All of the above
All of the above. All of these factors influence the cost of a policy.
3.
Before an insurance company will accept your disability insurance policy application, you must _______.
Choose wisely. There is only one correct answer.
Pay the premium
Be employed
Pass a physical
None of the above
Pass a physical. The physical is the first step in the process of being accepted.
4.
In a disability insurance policy, the elimination period refers to _______.
Choose wisely. There is only one correct answer.
The fact that the insurance company could eliminate you from coverage at any time
The possibility that a disability insurance company may go out of business
The period between when you become disabled and can start receiving benefits
None of the above
The period between when you become disabled and can start receiving benefits. The length of the elimination period affects your premiums.
5.
Disability insurance is designed to replace 100 percent of your income if you can't work due to illness or injury.
Choose wisely. There is only one correct answer.
True
False
False. It is designed to replace somewhat less than 100 percent.
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DONE