health 4

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". (After the 30-day Elimination period has been satisfied, there will be 4 months of benefit payments.)

D is an architect receiving Disability Income benefits who is not able to return to work full time, but can work on a part-time basis. Which of these features would allow D to continue receiving benefits?

. Residual Benefit clause- residual amount benefit is based on the proportion of income actually lost due to the partial disability, taking into account the fact that the insured is able to work and earn some income.

The individual most likely to buy a Medicare Supplement policy would be a(n): unemployed 64-year old female 62-year old male covered by Medicaid unemployed 64-year old female 62-year old male covered by Medicaid 68-year old male covered by Medicare uninsured 60-year old male

68-year old male covered by Medicare

A CEO's personal assistant suffered injuries at home and as a result, was unable to work for four months. Which type of policy will pay a monthly benefit to the personal assistant?

Disability Income

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

T has Disability Income policy that pays a monthly benefit of $5000. If T becomes partially disabled, what can he likely expect?

In a $5,000 per month Disability Income Policy, a covered partial disability will typically result in less than $5,000 per month regardless of the nature of the disability.

Z owns a Disability Income policy with a 30-day Elimination period. Z contracts pneumonia that leaves him unable to work from January 1 until January 15. Z then becomes disabled from an accident on February 1 and the disability lasts until July 1 the same year. Z will become eligible to receive benefits starting on:

March 1

Which of these statements concerning an individual Disability Income policy is TRUE?

Normally includes an Elimination period

Which Long Term Care insurance statement is true?

Pre-existing conditions must be covered after the coverage has been in force for six months

Under a Long Term Care policy, which benefit would be typically excluded or limited?

Skilled nursing Home health care --Alcohol rehabilitation

Medicare Part C is:

available to those who are enrolled in Medicare Part A and Part B

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

Medicare Part B does NOT cover:

npatient hospital services

P received Disability income benefits for 3 months then returns to work. She is able to work one month before her condition returns, leaving her disabled once again. What would the insurance company most likely regard this second period of disability as?

reccurent disability

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

war