Which of the Following Statements Is Not True of Disability

question 62

Multiple Choice

Which of the following statements is not true of disability insurance?

• A) You should have it even if you are retired and living on a pension.
• B) The amount of coverage should equal your disposable income.
• C) If you are self-employed you should have disability insurance.
• D) All of the above are true of disability insurance.

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Definitions:

Ownership Position

The share or portion of a company or property owned by an individual or entity, often expressed as a percentage of the total available shares.

Shares Outstanding

The total number of shares of a company's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Market Price

The immediate market rate for purchasing or selling an asset or service.

Rights Offering

A method by which a company raises capital by giving its existing shareholders the right to purchase additional shares at a discounted price before the stock is offered to the public.