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Benefits Beginner: Disability Insurance

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1.
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.
2.
The cost of a disability insurance premium depends on _______.
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All of the above. All of these factors influence the cost of a policy.
3.
A partial disability insurance waiver means that you can _______.
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Work full-time and still get disability insurance benefits.
4.
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.
5.
Disability insurance is designed to replace 100 percent of your income if you can't work due to illness or injury.
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False. It is designed to replace somewhat less than 100 percent.