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Life Insurance - Disability Insurance Exam Study Guide with Complete Solutions £8.15   Add to cart

Exam (elaborations)

Life Insurance - Disability Insurance Exam Study Guide with Complete Solutions

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Life Insurance - Disability Insurance Exam Study Guide with Complete Solutions The more hazardous an occupation is - Answer️️ -The higher the insurance premiums will be. Presumptive disability - Answer️️ -A provision that is found in most disability income policies that specifies cond...

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  • September 1, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Life insurance
  • Life insurance
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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Life Insurance - Disability Insurance
Exam Study Guide with Complete
Solutions


The more hazardous an occupation is - Answer✔️✔️-The higher the insurance premiums

will be.


Presumptive disability - Answer✔️✔️-A provision that is found in most disability income

policies that specifies conditions that will automatically qualify the insured for full

disability benefits, such as the loss of two limbs.

Insurance that would pay for hiring a replacement for an important employee who

becomes disabled is called - Answer✔️✔️-Key employee disability insurance.



The business is the contract holder and would receive benefits if a specified key

employee became disabled.

In disability income insurance, the own occupation definition of disability applies -

Answer✔️✔️-For the first 2 years of a disability.

How is the amount of Social Security disability benefits calculated? - Answer✔️✔️-It is

based upon the worker's Primary Insurance Amount (PIA), which is calculated from their

Average Indexed Monthly Earnings over their highest 35 years.




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