for what jobs does the disability insurance premium be larger?
for what jobs does the disability insurance premium be
larger?
Homework Answers
Disability insurance provides risk coverage for the lost income due to failure to work in case of any permanent or temporary disability.
For jobs which includes heavy labour work where labour is engaged in serious and life risky environment such that the risk of loss and risk of getting disabled is higher the insurance premium would definitely go high. Such as drilling and mining work, oil and gas fields and extraction sites, workers are handling gigantic machines, real estate work, etc.
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Question 4 (0 points) is not a source of disability income insurance. a b Insurance from...
Question 4 (0 points) is not a source of disability income insurance. a b Insurance from Social Security Employer disability insurance Insurance from worker's compensation All of the above. d
Is it ethical or legal for any information to be withheld from the disability insurance forms...
Is it ethical or legal for any information to be withheld from the disability insurance forms by the physician/staff? If so, what types of information might be withheld, and why? What would you do if you identified false information on the disability insurance forms?
What are the main characteristics of long-term disability insurance? DO NOT PLAGIARIZE, ORIGINAL ANSWER ONLY
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An income-tax credit is allowed for any excess employee contributions for disability insurance under the Unemployment...
An income-tax credit is allowed for any excess employee contributions for disability insurance under the Unemployment Insurance Code. For 2018, the employee State Disability Insurance (SDI) was 1% and was taxed to a maximum withholding of what amount? A. $900.50B. $925.80C. $1,149.67D. $1,225.14
2. Briefly discuss the origins of disability insurance and workers’ compensation insurance programs in the US....
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Answer the following questions relative to employer-financed medical and health, disability, and life insurance plans. a....
Answer the following questions relative to employer-financed medical and health, disability, and life insurance plans. a. May employers deduct premiums paid on employee insurance? b. Do employees have to include such premiums in gross income? c. Are benefits paid to the employee included in the employee's gross income? a. May employers deduct premiums paid on employee insurance? Employers deduct the cost of premiums paid on medical, health, disability and life insurance coverage for employees. b. Do emplo ude such premiums...
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In calculating insurance premiums, the actuarially fair insurance premium is the premium that results in a zero NPV for both the insured and the insurer. As such, the present value of the expected loss is the actuarially fair insurance premium. Suppose your company wants to insure a building worth $390 million. The probability of loss is 1.29 percent in one year, and the relevant discount rate is 3.1 percent. a. What is the actuarially fair insurance premium? (Do not round...
You found that the usual range of gross pay that’s covered with disability income insurance is...
You found that the usual range of gross pay that’s covered with disability income insurance is _____ because the _______ percentages could encourage some people to __________. In many cases, these people could then collect ____ than their _______ pay from their jobs. Limiting the amount of disability benefits to these percentages usually covers necessities adequately and often ___________ in their recoveries enough to return to work and thus return to their full income level. 1) A) 60-70% B) 85-90%...
In calculating insurance premiums, the actuarially fair insurance premium is the premium that results in a...
In calculating insurance premiums, the actuarially fair insurance premium is the premium that results in a zero NPV for both the insured and the insurer. As such, the present value of the expected loss is the actuarially fair insurance premium. Suppose your company wants to insure a building worth $600 million. The probability of loss is 1.31 percent in one year, and the relevant discount rate is 4.2 percent. a. What is the actuarially fair insurance premium? (Do not round...
Planning #3 (similar to): Disability Ins 5 Question Help Disability Insurance. Christine's total monthly expenses typically amount to $1,100. About $14 of these expenses are work related Christine's employer provides disability insurance coverage of $322 per month. How much individual disability insurance should Christine purchase? (Hint: Christine does not want to rely on Social Security or worker's compensation coverage.) The amount of individual disability insurance Christine should purchase is $ (Round to the nearest dollar)
Question 4 (0 points) is not a source of disability income insurance. a b Insurance from Social Security Employer disability insurance Insurance from worker's compensation All of the above. d
Answer the following questions relative to employer-financed medical and health, disability, and life insurance plans. a. May employers deduct premiums paid on employee insurance? b. Do employees have to include such premiums in gross income? c. Are benefits paid to the employee included in the employee's gross income? a. May employers deduct premiums paid on employee insurance? Employers deduct the cost of premiums paid on medical, health, disability and life insurance coverage for employees. b. Do emplo ude such premiums...
In calculating insurance premiums, the actuarially fair insurance premium is the premium that results in a zero NPV for both the insured and the insurer. As such, the present value of the expected loss is the actuarially fair insurance premium. Suppose your company wants to insure a building worth $390 million. The probability of loss is 1.29 percent in one year, and the relevant discount rate is 3.1 percent. a. What is the actuarially fair insurance premium? (Do not round...
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