The Purpose of Disability Income Insurance Is to Replace a Portion

question 48

True/False

The purpose of disability income insurance is to replace a portion of salary or wages lost due to injury or illness that is not work related.

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Definitions:

Deliver

The act of transferring an item from one party to another, with the intent of giving control or ownership of the item.

Bailment

A legal relationship in common law where physical possession of personal property is transferred from one person (the bailor) to another (the bailee) who temporarily holds it under an agreement.

Theater Manager

A professional responsible for overseeing the daily operations of a theater, including scheduling performances, managing staff, and ensuring the theater's financial viability.

Physical Possession

The direct, physical control or holding of an object or property by an individual or entity.