Author Question: All of the following statements about individual disability income policies are true EXCEPT A) ... (Read 45 times)

renzo156 · **on:** Jul 11, 2018

All of the following statements about individual disability income policies are true EXCEPT

A) Premiums are often waived while a person is disabled but must be resumed if the insured recovers.
B) At the time of purchase, the insured can choose the length of the benefit period from among several available options.
C) In order to encourage rehabilitation, benefits may be continued during periods of vocational training.
D) Most disability income insurance policies contain an elimination period of 10 or fewer days.

Question 2

Which of the following statements about individual disability income policies that use a two-part definition of total disability is (are) true?

I. During the initial period of disability, the insured must be unable to perform the duties of any gainful occupation.
II. After the initial period of disability, the insured must be unable to perform the duties of any occupation for which he or she is reasonably fitted by education, training, and experience.
A) I only
B) II only
C) both I and II
D) neither I nor II