LAH QBank (unit 15) questions well
answered graded A+
Social security disability benefits are characterized by...... - correct answer ✔✔The recipient
must be unable to engage in any gainful employment
Disability income insurance - correct answer ✔✔Specifically EXCLUDES living overseas
If a worker is killed in an industrial accident, workers' comp insurance will cover..... - correct
answer ✔✔- compensation for dependents of the deceased worker,
- compensation for the surviving spouse,
- payment of burial expenses
Social security defines desirability as the inability to engage in...... - correct answer ✔✔The
duties of any occupation
Business overhead expense insurance reimburses businesses for - correct answer ✔✔Actual
overhead expenses in the event the business owner becomes disabled
For people considered "uninsurable" (ex. Congenital hip dislocation) - correct answer ✔✔Policy
issuance alternatives can help them get insurance (ex. Policy with an extra premium)
The purpose of key-person / key-executive disability insurance? - correct answer ✔✔It
indemnifies (compensates) the business to cover expenses and losses incurred when a key
person is disabled
answered graded A+
Social security disability benefits are characterized by...... - correct answer ✔✔The recipient
must be unable to engage in any gainful employment
Disability income insurance - correct answer ✔✔Specifically EXCLUDES living overseas
If a worker is killed in an industrial accident, workers' comp insurance will cover..... - correct
answer ✔✔- compensation for dependents of the deceased worker,
- compensation for the surviving spouse,
- payment of burial expenses
Social security defines desirability as the inability to engage in...... - correct answer ✔✔The
duties of any occupation
Business overhead expense insurance reimburses businesses for - correct answer ✔✔Actual
overhead expenses in the event the business owner becomes disabled
For people considered "uninsurable" (ex. Congenital hip dislocation) - correct answer ✔✔Policy
issuance alternatives can help them get insurance (ex. Policy with an extra premium)
The purpose of key-person / key-executive disability insurance? - correct answer ✔✔It
indemnifies (compensates) the business to cover expenses and losses incurred when a key
person is disabled
