Which of the following is true about disability insurance? It benefits the disabled employee only for...

Which of the following is true about disability insurance?

		It benefits the disabled employee only for the first year of disability.
		Payments under short-term plans are less than that of long-term plans.
		It pays about 50% to 70% of the employee's salary in case of disability.
		Most employers offer long-term disability plans.
		It offers coverage when the employee's dependent is disabled.

Expert Solution

c. It lays about 50% to 70% of the employee's salary incase of disability.

Short term or long term disability plans on average offer 50-70% of salary incase the employee insured faces any disability.

keosha answered 2 years ago

Question 1 Which of the following is true about disability insurance? Select one: a. Because the...

Question 1 Which of the following is true about disability insurance? Select one: a. Because the chance of becoming disabled is small, most people do not purchase disability insurance coverage. b. The probability of a 35 year becoming disabled for three months or longer before age 65 is 20 percent. c. Older people are less likely to become disabled than younger people. d. For people who become disabled longer than three months, the average length of time is 2.9 years....

7. Which the following statements concerning disability insurance is correct? a. Benefits from a disability income...

7. Which the following statements concerning disability insurance is correct? a. Benefits from a disability income insurance policy are a function of the insured's health, gender, age, and the level of income of the insured. B. To qualify for disability income, one must become totally disabled while the policy is in force elimination (exclusion) period has ended. C.A policy that integrates with Social Security will increase payable benefits by the amount of Social Security the disabled person is eligible to...

Which of the following is true about fringe benefits? Which of the following is true about...

Which of the following is true about fringe benefits? Which of the following is true about fringe benefits? They represent additional compensation given for services performed They are only available for employees. The amount of the fringe benefit is never subject to income tax. They represent additional cash paid directly to employees.

a. Which of the following statements is true regarding disability income insurance? why?

a. Which of the following statements is true regarding disability income insurance? why?A.Increasing the elimination period reduces the premium for disability income insuranceB.Disability income insurance usually replaces 100 percent of lost incomeC.A uniform definition of disability appears in all disability income policiesD.The purchase of disability income insurance is not necessary if you are covered under workers compensationb. Under many cafeteria plans, employees make premium contributions with pre-tax dollars and a salary reduction that are used to purchase group health insurance...

Describe the taxation of disability insurance benefits. Under what circumstances are disability benefits tax-free? When are...

Describe the taxation of disability insurance benefits. Under what circumstances are disability benefits tax-free? When are disability benefits taxable?

Deductibles are not used in which of the following type of insurance? disability income insurance property...

Deductibles are not used in which of the following type of insurance? disability income insurance property insurance health insurance life insurance

Which of the following statements is true about the types of insurance sold in the United...

Which of the following statements is true about the types of insurance sold in the United States? A. Most policies sold are whole life, but universal has the largest percentage of coverage in force. B. Most sold are term life, but whole life has the largest percentage of face amount in force. C. Most policies sold are whole life, but term life has the largest percentage of face amount coverage in force. D. Most policies sold are term life, but...

How do disability insurance benefits differ from workers' compensation?

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...

Write a short essay about the benefits of Target and Walmart including Health Insurance, Employee Discount,...

Write a short essay about the benefits of Target and Walmart including Health Insurance, Employee Discount, Sick Day, Retirement / Stock Option, Vacation Day and Paid Time Off, Job Training. The benefits that Target has that Walmart does not have and otherwise.

Question