Which of the Following Is True Regarding Employer Sponsored Long-Term

question 41

Multiple Choice

Which of the following is True regarding employer sponsored long-term disability insurance?

• A)Most group plans offer full disability benefits payable to age 65.
• B)Most firms offer employees disability insurance.
• C)Most plans use the 'any occupation' definition after two years of disability.
• D)A typical disability policy covers about 90 percent of the employee's gross salary.

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Definitions:

Increase in Quantity

A rise in the amount of a certain good or service produced or supplied in the market.

Adoption of New Technology

The process by which new tools, systems, or services are embraced and utilized by individuals, businesses, or organizations.

Market for Cars

The economic environment involving the buying, selling, and production of automobiles.

Economics Major

An Economics Major is an academic program focusing on the study of how societies use resources to produce goods and services and distribute them among populations.