A Provision in a Disability Income Insurance Policy That Requires

question 35

Multiple Choice

A provision in a disability income insurance policy that requires a person to be disabled for 60 days before receiving benefits is an example of a(n)

• A)corridor deductible.
• B)grace period.
• C)elimination period.
• D)probationary period.

Analyze financial decisions involving payment options, interest rates, and investment returns.

Calculate equivalent payments and understand the time value of money in financial decisions.

Understand the impact of variable interest rates on the total interest accrued.

Apply concepts of simple interest and maturity value to real-life financial planning and decision-making.

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Definitions:

Source Credibility

The degree to which a recipient perceives the communicator of a message as trustworthy and knowledgeable.

Sleeper Effect

The impact of a persuasive message can increase over time when a discounting cue, such as an invalid source, can no longer be recalled.

Health Promoter

An individual or entity that works towards enhancing the health and well-being of people through various strategies and interventions.

Persuasibility

The susceptibility of an individual to be influenced or convinced by others, often through arguments or persuasion tactics.