All of the following statements about optional disability income benefits are true EXCEPT
A) Under a cost-of-living rider, benefits are periodically adjusted for inflation.
B) A Social Security rider pays additional benefits if the insured is turned down for Social Security disability benefits.
C) Adding a return of premium rider results in a lower initial premium.
D) Under an option to purchase additional insurance, the insured has the right to buy additional insurance at specified times without evidence of insurability.
Question 2
Which of the following statements about individual disability income policies is true?
A) Benefits are typically paid only for disabilities resulting from sickness.
B) Benefits paid for partial disabilities are usually greater than benefits paid by the same policy for total disabilities.
C) Most policies pay a benefit equal to 100 percent of the disabled person's lost income.
D) Many policies provide or make available a residual disability benefit for persons who are able to work but at a reduced income.
Worldwide Variations in Population and Income Levels
Ten Leading Causes of Death in Low-Income Countries, 2008
Income per Capita versus Income of the Bottom Quintile
Relationship between Latitude and Income per Capita
Benefits and costs of herbicide applications