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Disability Insurance Policies Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which type of insurance covers operating expenses if the owner becomes disabled?

Question 2 2. Which type of insurance buys out the business interest of a disabled owner?

Question 3 3. Which type of insurance covers the replacement costs of finding another employee or owner?

Question 4 4. Business disability insurance _____

Question 5 5. Bill and Tim are the owners of ABC Company who have decided to allow the other owner to purchase their share of the company should one of them become totally disabled. One day, Bill falls down the stairs and no longer is able to work. What type of insurance will allow Tim to purchase Bill's share so that the company can continue to operate?

Page 2

Question 6 6. Which of the following is covered by AD&D insurance?

Question 7 7. Which of the following is NOT a benefit of AD&D insurance?

Question 8 8. Which of the following is NOT a listed term or acceptance criteria for AD&D insurance?

Question 9 9. What is accidental death and dismemberment (AD&D) insurance?

Question 10 10. Which of the following is covered by the dismemberment portion of AD&D?

Page 3

Question 11 11. Which of the following is NOT an advantage of individual disability insurance?

Question 12 12. Which of the following is NOT part of the coverage in a group disability insurance plan?

Question 13 13. What is disability insurance?

Question 14 14. What is the time that an employee has to wait between an illness or disability and the start of disability payments known as?

Question 15 15. Which of the following is NOT an advantage of group disability insurance?

Page 4

Question 16 16. What is a qualifying or waiting period in disability insurance?

Question 17 17. Which disability provision pays an insured a benefit if he or she becomes disabled with the same or similar condition within 12 months of returning to full-time work?

Question 18 18. To be considered totally disabled, at which occupations are you not able to work?

Question 19 19. Which disability provision pays an insured a percentage of their lost income if they are unable to return to full employment?

Question 20 20. Which disability provision pays an insured a stated percentage of the total disability amount if he/she is unable to perform one or more of his/her job responsibilities?

Page 5

Question 21 21. Tony is selecting a disability insurance policy. He has the option of having his benefits start 30 days, 60 days, or 120 days after the onset of a disability. Why would Tony choose 120 days?

Question 22 22. Choose which statement is true about long-term disability policies?

Question 23 23. How are the terms toileting and continence related?

Question 24 24. Which of the following options is true about Social Security disability?

Question 25 25. Sharon's expecting her first child and meets with her employer's human resources department to discuss maternity leave. The representative explains that Sharon's eligible to utilize paid time off, after which the employer-sponsored disability policy will pay benefits. What type of disability policy is the representative referencing?

Disability Insurance Policies Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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