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 receive.

D. The Social Security program requires the disabled person to wait at least 6 months before receiving benefits.

Solutions

Expert Solution

Disability insurance is a type of insurance that will provide income in the event a worker is unable to perform their work and earn money due to a disability. There are many types of organizations that provide different types of disability insurance. Each organization and disability insurance type have specific rules as to what constitutes a disability and how a person might qualify to receive the disability benefit.

c. A policy that integrates with Social Security will increase payable benefits by the amount of Social Security the disabled person is eligible to receive.

jeff jeffy answered 1 year ago

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