Free Disability Income Insurance Practice Questions
North Carolina Accident & Health exam — 80 practice questions.
Subtopics: Purpose, Benefit period, Own occupation, Any occupation, Residual benefit, Elimination period effect, Taxation, Presumptive disability, Relation of earnings to insurance, Preexisting conditions in DI, Presumptive blindness, Residual disability, Recurrent disability, COLA rider, Future increase option, Benefit limits, Waiver of premium, Short-term disability, Social insurance offset, Business overhead expense, Disability buy-sell, Key employee DI, Social Security disability definition, Probationary period DI, Partial disability benefit, Group long-term disability, Accident vs sickness elimination period, Flat benefit amount, Automatic increase rider, Return of premium rider, Additional monthly benefit rider, Hospital confinement rider, Nondisabling injury benefit, Rehabilitation benefit, Survivor benefit, Catastrophic disability rider, Transition benefit, Occupational classification, Income replacement ratio, Workers compensation offset, Group LTD definition of disability, Retroactive benefit, Maximum benefit period to age 65, Disability benefit, Definitions of disability, Elimination period, Occupational coverage, Social insurance, Social Security disability, Workers compensation, Group disability, Business disability, Underwriting, Riders, Accidental death, Policy issuance
Read the Disability Income Insurance study guide
Sample questions & answers
1. Disability income insurance is designed primarily to:
Replace part of income lost to disability
Disability income insurance replaces a percentage of the insured's earned income during a period of qualifying disability, rather than paying medical bills.
2. The benefit period in a disability income policy refers to:
The longest time benefits are paid for one disability
The benefit period is the maximum time benefits will be paid for a single period of disability, such as two years, five years, or to age 65.
3. An own-occupation definition of total disability generally means the insured is considered disabled if unable to:
Perform the duties of his or her own occupation
Under an own-occupation definition, the insured is totally disabled if unable to perform the material duties of the occupation held at the time of disability, which is more favorable to the insured.
4. An any-occupation definition of total disability is generally:
More restrictive than own-occupation
Under an any-occupation definition, the insured must be unable to perform any job for which reasonably suited, which is more restrictive and harder to satisfy.
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.
