Question

Question Completion Status QUESTION 96 Generaly, individunis who are working should have between 60 and 70 percent of their gron income protected with a dsabty policy O True O False QUESTION 97 1 points Save Answer is more important to protect against short-term disabilites than long-tem disablities since most disabilitins only last under two years O True O False QUESTION 98 1 points Save Answer All else equal, an any-occupation policy should have a larger premium than an own-occupation disablity policy O True O Falser Seve Answer 1 points QUESTION 99 Partial disability provisions provide for benefit payments that are less than thee face value of the disability policy O True OFalse

Answer 1

96. FALSE

Individual desiabilty policy designed to replace between 45% and 65% of insured gross income on tax free basis.

97.TRUE

Incase of long term disability insurance, benefits will be paid for long terms.

The term can be as short as two years, or as long as its takes to retirement age(65years).

98. FALSE

Some profession are more hazardous than others, and more likely to be result in disability.

Premiums will be higher in those fields compared to any other fields.

99.TRUE

Face value of disability policy covers issues like loss of future earning and lost earning capacity, etc...