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Benefits Beginner: Disability Insurance

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1.
Public disability insurance programs include _______.
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Both of the above. All of these are offered as public disability insurance programs.
2.
Disability insurance benefits are usually offered only through age _______.
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65. After age 65, Social Security coverage becomes available.
3.
The financial condition of disability insurance companies is an important factor in choosing an insurer.
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True. Their financial state determines their ability to pay benefits.
4.
If you purchase individual disability insurance, you must pay taxes on your benefits.
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False. However, benefits from an employer-funded policy are taxable.
5.
Group insurance disability insurance premiums are generally cheaper than individually purchased policies.
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True. Collective rates are usually less expensive than individual rates.