If You Are Concerned That Your Disability Insurer May Try

question 86

Multiple Choice

If you are concerned that your disability insurer may try to cancel your coverage if your health becomes poor, you should look for a plan that offers

• A) Duration of benefits to age 65.
• B) A plan that provides 70-80% of your take-home pay.
• C) Accident and sickness coverage.
• D) Guaranteed renewability.
• E) A short elimination period.

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Definitions:

Fiscal Policy

Governmental use of spending and taxation to influence the economy.

Government Spending

Expenditures by the government for its operations, programs, and debt payments, which can influence the economy's overall performance.

Taxation

The process or system through which governments levy charges on citizens and corporate entities to finance government spending and various public expenditures.

Inflation

The increase in the general price level of goods and services, leading to a decline in purchasing ability.