All of the Following Statements About Individual Disability Income Policies

question 46

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 10 or fewer days.

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Definitions:

Material Fact

Any fact that could influence the decision of an individual in making a contract, or in the context of legal proceedings, a fact that could affect the outcome.

Telemarketing Sales Rule

A regulation in the United States that sets limits on the practices of telemarketers to protect consumers from deceptive or abusive tactics.

Domestic Or Foreign

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Consumers In The United States

Individuals or groups in the United States who purchase goods and services for personal use.