Free Disability Income Insurance Practice Questions
Pennsylvania Accident & Health exam (series 16-02) — 78 practice questions.
Subtopics: Coordination with workers comp, Elimination period, Relation of earnings, Total disability definition, Elimination period limits, Benefit period minimum, Residual disability, Partial disability, Guaranty DI limit, Own occupation, Any occupation, Presumptive disability, Recurrent disability, Elimination period effect, Benefit period, 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, Relation of earnings to insurance, 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, 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 coverage generally coordinates with workers compensation so the insured does not:
Collect combined benefits exceeding the income replaced
Coordination prevents the insured from collecting combined benefits that exceed the income loss being replaced.
2. The elimination period in a disability income policy is:
The waiting period at the start of disability before benefits
The elimination period is the time at the onset of disability the insured must wait before benefits start.
3. Under the Relation of Earnings to Insurance provision, the insurer may reduce benefits when total loss-of-time coverage exceeds earnings, but not below a total monthly benefit of:
200 dollars or the total benefits, if less
Benefits may be prorated to earnings, but the reduction cannot take total monthly benefits below 200 dollars (or the sum of benefits if lower).
4. Pennsylvania's minimum standards allow total disability to be defined as inability to perform the insured's regular occupation for the first:
24 months, then inability to perform any occupation
For the first 24 months, total disability may be own-occupation; after that it may shift to any occupation, though not based solely on ability to do any work whatsoever.
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.
