Which of the Following Statements About Group Short-Term Disability Income

question 27

Multiple Choice

Which of the following statements about group short-term disability income plans is true?

• A)Most plans pay benefits for a period of 3 to 5 years.
• B)Most plans cover occupational disabilities only.
• C)Most plans provide benefits for total disabilities only.
• D)Most plans have a 90-day elimination (waiting)period.

---

Definitions:

Debit Side

The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.

Debits

These are entries on the left side of accounting records, used to increase asset or expense accounts or decrease liabilities, equity, or revenue accounts.

Credits

Accounting entries that increase liabilities or equity or decrease an asset or expense.