Disability Income

V is insured under an individual Disability Income policy with a 30-day Elimination period. On July 1, he is involved in an accident and temporarily disabled. He returns to work on December 1. How many months of benefit are payable?

4 months

K becomes ill after traveling overseas and is unable to work for 3 months. What kind of policy would cover her loss of income?

Disability Income

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this?

Guaranteed insurability rider

J has a Disability Income policy that does NOT provide benefits for losses occurring as the result of his employment. What kind of coverage is this?

Nonoccupational coverage

Which of these statements concerning an individual disability income policy is true?

Normally includes an Elimination period

Non-occupational disability coverage is designed for

employees who suffer non-work related disabilities, since work-related disabilities are covered by Workers' Compensation

With Disability Income insurance, an insurance company may limit the monthly benefit amount a prospective policy holder may obtain because of the insured's

gross income at the time of purchase

A new physician opens up a new practice and qualifies for a $7,000/month Disability income policy. what Rider would we physician add if he wants the ability to increase his policy benefit as his practice and income grow?

guaranteed insurability option rider

R becomes disabled and owns an individual disability income policy. When is R eligible to receive disability benefits?

upon satisfying the elimination period requirement

Disability policies do NOT normally pay for disabilities arising from which of the following?

war