In: Finance
The amount of the monthly income benefit a policyowner receives under a disability income benefit is typically expressed as a
percentage of the life insurance coverage |
flat amount, regardless of the amount of life insurance coverage |
percentage of the insured’s monthly income from his occupation |
dollar amount per $1,000 of life insurance coverage |
It is option C . This is straight forward and no need of explanation.
Other options are not the correct one as not the income benefit