All of the Following Statements About Individual Disability Income Policies

question 17

Multiple Choice

All of the following statements about individual disability income policies are true EXCEPT

• A)Premiums are often waived while a person is disabled but must be resumed if the insured recovers.
• B)At the time of purchase,the insured can choose the length of the benefit period from among several available options.
• C)In order to encourage rehabilitation,benefits may be continued during periods of vocational training.
• D)Most disability income insurance policies contain an elimination period of 15 or fewer days.

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Definitions:

Relationships

Connections or associations between individuals based on emotional bonds, interactions, or mutual dealings.

Tax Deductible

Expenses that can be subtracted from one's gross income, reducing taxable income and the amount of tax owed.

Hand Gestures

Movements of the hands and arms used to convey ideas or messages, often accompanying speech or as a form of non-verbal communication.

Positive Attitude

An outlook that focuses on the good in situations or expectations of positive outcomes.