Generally,disability Income Policies with Longer Waiting Periods

question 106

Multiple Choice

Generally,disability income policies with longer waiting periods:

• A)have higher premiums.
• B)have lower premiums.
• C)have about the same premium as those with shorter periods.
• D)are issued by smaller insurance companies.
• E)are issued by larger insurance companies.

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Definitions:

Relapse

The act of falling back into a previous state or behavior, often used in the context of addiction or illness.

Schizophrenia

A severe mental disorder characterized by profound disruptions in thinking, affecting language, perception, and the sense of self, often accompanied by auditory hallucinations and delusional thinking.

Anti-psychotic Medication

Drugs used primarily to treat schizophrenia and other mental health conditions by reducing psychotic symptoms such as hallucinations and delusions.

Cognitive Impairment

A reduction in cognitive abilities, such as memory, decision-making, and problem-solving skills, affecting daily functioning.