AZ Disability Income
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| What is the goal of Disability Income Insurance? | show 🗑
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| Three limitations of Disability Income Insurance. | show 🗑
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| Own occupation means what? | show 🗑
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| show | only provides benefits if the insured can not perform duties associated with their occupation in any form or reduced capacity
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| show | Income Replacement Policy
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| show | NO
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| show | Any Occupation
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| A provision that states which conditions automatically qualify the insure for full disability coverage. | show 🗑
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| Loss of use of 2 limbs, total & permanent blindness, loss of speech, and/or loss of hearing qualifies the insured for which type of disability? | show 🗑
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| show | body is damaged unexpectedly & unintentionally
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| What is the definition of Accidental Means? | show 🗑
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| In insurance terms what is the definition of illness? | show 🗑
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| How frequently must a Basic Total Disability Plan pay benefits? | show 🗑
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| If an insured has a long Elimination Period what will that do to their premium? | show 🗑
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| show | higher premium
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| Which definition is more liberal, Own Occupation or Any Occupation? Therefore providing a better benefit for the insured. | show 🗑
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| Income Benefits are limited to a percentage of one's income at the time of application to prevent what? | show 🗑
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| show | Elimination Period
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| show | True
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| show | False
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| show | Residual Disability
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| What pays the difference between prior income and current income? | show 🗑
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| show | insured is unable to perform one or more duties of one's own profession
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| COLA stands for what? | show 🗑
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| show | protects insured's benefit payments against inflation
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| At what percent will COLA usually go up | show 🗑
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| What expenses will a Medical Reimbursement Benefit Rider pay? | show 🗑
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| A Return of Premium Rider does what? | show 🗑
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| Probationary Period is another type of waiting period. What happens with benefits during this time? | show 🗑
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| show | probationary
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| What is the purpose of the Probationary Period? | show 🗑
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| When would a Cash Surrender Value be available to a policy owner? | show 🗑
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| 4 types of coverage under Worker's Comp | show 🗑
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| SIS stands for what? | show 🗑
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| show | one year
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| Which amount is paid for death or major disabilities (loss of 2 limbs, sight in both eyes, speech or hearing) | show 🗑
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| Capital Sum is what? | show 🗑
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| show | Rehabilitation Benefit
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| Who is covered in a Key Employee Disability | show 🗑
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| show | % of worker's income
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| With a Guaranteed Insurability Rider an insured can increase the benefit levels without doing what? | show 🗑
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| show | premium
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| show | 6 months to 2 years
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| show | 30-90 days
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| show | 66 2/3%
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| Who owns the contract in a Key Employee Disability Plan? | show 🗑
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| With Social Security Benefits who is considered to be fully insured | show 🗑
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| show | partially ionsured
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| How long is the waiting period with Social Security Disability Benefits | show 🗑
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| show | malingering
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| How is disability defined under Social Security? | show 🗑
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Created by:
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