3/20/25, 8:07 AM CPCU 553 Final (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLUTIONS ( MULTIPLE CHOICES) |1…
CPCU 553 Final (2025) COMPREHENSIVE
QUESTIONS AND VERIFIED DETAILED
SOLUTIONS ( MULTIPLE CHOICES) |100%
CORRECT!!
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Terms in this set (38)
According to the A. Fewer than one-half of Social Security Disability
National Safety Council, Insurance claims are approved.
what percentage of
disabling accidents and
illnesses are work-
related?
Select one:
A. Fewer than one-half of
Social Security Disability
Insurance claims are
approved.
B. About 4 percent of
Americans are disabled.
C. The average benefit
paid by Social Security
Disability Insurance is
almost $3,000 per month.
D. Only about five
percent of Americans
entering the work force
today will become
disabled before they
retire.
https://quizlet.com/1020653768/cpcu-553-final-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-100-correct-flash… 1/24
,3/20/25, 8:07 AM CPCU 553 Final (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLUTIONS ( MULTIPLE CHOICES) |1…
A disability income policy B. Automatic increase
has a rider that increases
the monthly benefit
amount by 4 percent for
each of the first five years
the policy is in force, if
benefits have not yet
begun. This is an example
of which one of the
following types of riders?
Select one:
A. Cost of living
adjustment
B. Automatic increase
C. Guaranteed insurability
D. Future increase option
https://quizlet.com/1020653768/cpcu-553-final-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-100-correct-flash… 2/24
, 3/20/25, 8:07 AM CPCU 553 Final (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLUTIONS ( MULTIPLE CHOICES) |1…
Which one of the A. They have a coordination-of-benefits provision
following statements that defines how disability income benefits from
about most group long- programs such as Social Security will affect benefits
term disability income under the group plan.
insurance plans is true?
A. They have a
coordination-of-benefits
provision that defines
how disability income
benefits from programs
such as Social Security
will affect benefits under
the group plan.
B. They use an "any
occupation" definition of
disability for an initial
period, and then change
to an "own occupation"
definition of disability.
C. They replace 100
percent of lost income.
D. They have a waiting
period of at least two
years.
https://quizlet.com/1020653768/cpcu-553-final-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-100-correct-flash… 3/24
CPCU 553 Final (2025) COMPREHENSIVE
QUESTIONS AND VERIFIED DETAILED
SOLUTIONS ( MULTIPLE CHOICES) |100%
CORRECT!!
Save
Terms in this set (38)
According to the A. Fewer than one-half of Social Security Disability
National Safety Council, Insurance claims are approved.
what percentage of
disabling accidents and
illnesses are work-
related?
Select one:
A. Fewer than one-half of
Social Security Disability
Insurance claims are
approved.
B. About 4 percent of
Americans are disabled.
C. The average benefit
paid by Social Security
Disability Insurance is
almost $3,000 per month.
D. Only about five
percent of Americans
entering the work force
today will become
disabled before they
retire.
https://quizlet.com/1020653768/cpcu-553-final-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-100-correct-flash… 1/24
,3/20/25, 8:07 AM CPCU 553 Final (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLUTIONS ( MULTIPLE CHOICES) |1…
A disability income policy B. Automatic increase
has a rider that increases
the monthly benefit
amount by 4 percent for
each of the first five years
the policy is in force, if
benefits have not yet
begun. This is an example
of which one of the
following types of riders?
Select one:
A. Cost of living
adjustment
B. Automatic increase
C. Guaranteed insurability
D. Future increase option
https://quizlet.com/1020653768/cpcu-553-final-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-100-correct-flash… 2/24
, 3/20/25, 8:07 AM CPCU 553 Final (2025) COMPREHENSIVE QUESTIONS AND VERIFIED DETAILED SOLUTIONS ( MULTIPLE CHOICES) |1…
Which one of the A. They have a coordination-of-benefits provision
following statements that defines how disability income benefits from
about most group long- programs such as Social Security will affect benefits
term disability income under the group plan.
insurance plans is true?
A. They have a
coordination-of-benefits
provision that defines
how disability income
benefits from programs
such as Social Security
will affect benefits under
the group plan.
B. They use an "any
occupation" definition of
disability for an initial
period, and then change
to an "own occupation"
definition of disability.
C. They replace 100
percent of lost income.
D. They have a waiting
period of at least two
years.
https://quizlet.com/1020653768/cpcu-553-final-2025-comprehensive-questions-and-verified-detailed-solutions-multiple-choices-100-correct-flash… 3/24
