Free Disability Income Insurance Practice Questions
Kentucky Life, Accident & Health exam — 35 practice questions.
Subtopics: Relation of earnings to insurance, Change of occupation, Purpose, Elimination period, Benefit period, Definition of disability, Residual disability, Probationary period, Presumptive disability, Recurrent disability, Any occupation, Business overhead expense, Disability buy-out, Cost of living adjustment, Social insurance supplement, Nonoccupational coverage, Waiver of premium, Future increase option, Disability benefit, Benefit amount, Total disability, Partial disability, Group disability, Social Security disability, Key employee DI, Occupational coverage
Read the Disability Income Insurance study guide
Sample questions & answers
1. Kentucky's optional Relation of Earnings to Insurance provision may adjust a loss-of-time benefit only after the benefit has been payable for:
90 days
KRS 304.17-240 allows the adjustment after the loss-of-time benefit has been payable for ninety days, and it may not reduce combined benefits below the lesser of $300 or the total benefits.
2. A Kentucky disability insured changes to an occupation the insurer classifies as less hazardous. Under the optional Change of Occupation provision, the insurer will:
Reduce the premium rate and refund the excess unearned premium
KRS 304.17-190 requires the insurer, on proof of a change to a less hazardous occupation, to reduce the premium rate and return the excess pro rata unearned premium.
3. Disability income insurance is designed to replace:
A portion of earned income lost when disability prevents work
Disability income pays periodic benefits to replace part of the earnings lost during a covered disability.
4. The waiting period between the onset of a disability and the start of benefit payments is the:
Elimination period
The elimination (waiting) period is a form of time deductible before disability benefits begin.
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Practice: Disability Income Insurance
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
