Disability income and related insurance

What is the shortest possible elimination period for group short-term disability benefits provided by an employer

0 days

If an employer provides long-term group disability insurance for its employees what percentage of monthly wages are lower-paid employees eligible to collect

66 and 2/3%

All of the following are requirements of eligibility for social security disability income benefits except

Being age 65

A business wants to make sure that if a key employee becomes disabled, the business will be protected from any resulting loss. Which kind of insurance will protect the business?

Business Disability

A policy available to business owners that provides payment for normal business expenses in the event that the owner is disabled is called

Business Overhead Expense

A small business owner is the insured under a disability policy that funds a buy-sell agreement if the owner dies or becomes disabled the policy would provide which of the following

Cash to the owner's business partner to accomplish a buyout

What type of health insurance covers partners or corporate officers of a closely held business

Disability Buy-Sell

Which agreement specifies how a business will transfer hands when one of the owners dies or becomes disabled?

Disability Buy-Sell

An insured is involved in an accident that renders him permanently dead although he does not sustain any other major injuries the insured is still able to perform his current job to what extent will he receive presumptive disability benefits

Full benefits

Which of the following is an eligibility requirement for all social security disability income benefits

Have attained fully insured status

If a business owner becomes totally disabled a business overhead expense policy will pay all of the following except

Loss of the owners income

While repairing the roof of his house an insured accidentally falls off and breaks his arm and sustains a head injury that results in total blindness of both eyes his policy contains an accidental death & dismemberment rider what is the extent of benefits that he will receive

Principal sum

If a business wants to buy a disability income policy on a key employee which of the following is considered the beneficiary

The employer

On a disability income policy that contains the "own occupation" definition of total disability the insured will be entitled to benefits if they cannot perform

Their regular job

Workers compensation insurance covers a worker's medical expenses resulting from work related sickness or injuries and covers loss of income from

Work-related disabilities

Which of the following occupations would have the lowest disability insurance premiums

personal trainer

What entity regulates workers compensation benefits?

state government