Which of the following is NOT a reason that Disability Insurance may be more important than...

Which of the following is NOT a reason that Disability Insurance may be more important than Life Insurance?

		Disability Insurance will often have a higher capital (lump sum) payout than Life Insurance.
		The likelihood of becoming disabled during a person's employment years is equal to, or greater than, the likelihood of passing away.
		When a family's primary income earner becomes disables, expenses may increase.
		In addition to needing his/her pre-disability income, the disabled person may need special equipment, rehabilitation, or both.

Expert Solution

Disability Insurance is more important then the life insurance not because disability insurance have higher payout than the life insurance.

Disability insurance is not highly important to an individual because it is paying out more than the life insurance but it is more important because it is related to primary income earner becoming disabled and it is also in addition to needing the income, disabled may need special equipment.

All of the Other statements are true

Correct answer will be option (A ) Disability insurance will offer higher capital payout than life insurance

jeff jeffy answered 2 years ago

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