Individual Disability Income Policy Riders 12
When a person starts receiving Social Security disability benefits, what happens to disability benefits provided by a social insurance supplement (SIS) rider?
Benefits provided by the SIS rider end or are reduced, depending on the provisions of the rider.
Adam bought an individual disability income policy with a social insurance supplement (SIS) rider. If he becomes disabled and is eligible for Social Security disability benefits, what will happen?
He will receive benefits under the SIS rider while he is waiting for his Social Security disability benefits to begin.
The waiver of premium rider releases the insured from paying a disability income policy's premium during periods of total disability. Which of the following statements about waivers of premium is correct?
Most modern policies include a waiver of premium provision in the policy itself.
Which statement about return of premium riders is correct?
Return of premium riders aren't available in all states.
Jason bought a disability income policy with a cost of living adjustment (COLA) rider. What happens if he becomes disabled during a time of increasing inflation?
The policy will automatically increase his disability benefit payments.
When does a waiver of premium rider release the insured from paying the policy's premium?
only when the insured is totally disabled
