A Disability Policy with a Longer Elimination Period Typically Charges

question 59

True/False

A disability policy with a longer elimination period typically charges lower premiums than a policy with a short elimination period.

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Definitions:

Positive Reinforcement

A technique in behavior modification that involves rewarding a desired behavior to reinforce its occurrence.

Negative Reinforcement

A process in operant conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Emancipation

The act of freeing someone from bondage or slavery; best known historically as the emancipation of enslaved individuals in the United States during the Civil War.

Compensated Emancipation

A policy of freeing enslaved people whereby former slave owners were compensated financially for the loss of their slaves.