Tx Plan Toddler Sick Visit: Gastrointestinal. Zachary Lafontaine 30 months old questions and correct answers2023/2024

Tx Plan Toddler Sick Visit: Gastrointestinal. Zachary Lafontaine 30 months old questions and correct answers2023/2024 Which of these statements concerning an individual Disability Income policy is TRUE? - ANSWERS "Normally includes an Elimination period" (Disability Income policies typically contain an Elimination ) D is an architect receiving Disability Income benefits who is not able to return to work full time, but can work on a part-time basis. Which of these features would allow D to continue receiving benefits? - ANSWERS Residual Benefit clause (A residual amount benefit is based on the proportion of income actually lost due to the partial disability, taking into account the fact that the insured is able to work and earn some income.) What does a Guaranteed Insurability rider provide a Disability Income policyowner? - ANSWERS The ability to periodically increase the amount of coverage without evidence of insurability. What is the primary factor that determines the benefits paid under a disability income policy? - ANSWERS Wages. (The major factor in determining the benefit amount paid under a disability income policy is wages.) P received Disability income benefits for 3 months then returns to work. She is able to work one month before her condition returns, leaving her disabled once again. What would the insurance company most likely regard this second period of disability as? - ANSWERS "A recurrent disability". (A second period of disability from the same or related cause of a prior disability is called a recurrent disability.) K becomes ill after traveling overseas and is unable to work for 3 months. What kind of policy would cover her loss of income? - ANSWERS Disability Income. (would reimburse an insured for loss of earnings if the insured became sick.) J has a Disability Income policy that does NOT provide benefits for losses occurring as the result of his employment. What kind of coverage is this? - ANSWERS Nonoccupational coverage. (The coverage provided by a Disability Income policy that does not provide benefits for losses occurring as the result of the insured's employment is called nonoccupational coverage.) Which of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? - ANSWERS Applicant's monthly income. (In determining how much Disability Income insurance a prospective insured should purchase, the most important factor to be considered is the insured's monthly income.) V is insured under an individual Disability Income policy with a 30-day Elimination period. On July 1, he is involved in an accident and temporarily disabled. He returns to work on December 1. How many months of benefit are payable? - ANSWERS "4 months". (After the 30-day Elimination period has been satisfied, there will be 4 months of benefit payments.) The provision in a health insurance policy that suspends premiums being paid to the insurer while the insured is disabled is called the? - ANSWERS "Waiver of Premium". (The Waiver of Premium provision in a health insurance contract suspends the insurer's right to receive premiums during a covered period of disability. Loss of income insurance provides? - ANSWERS An individual the means to replace wages.