Free Disability Income Insurance Practice Questions
Pennsylvania Life, Accident & Health exam (series 16-03) — 40 practice questions.
Subtopics: Relation of earnings, Total disability definition, Elimination period limits, Benefit period minimum, Residual disability, Partial disability, Guaranty DI limit, Purpose, Elimination period, Benefit period, Definition of 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, Group disability, Social Security disability, Key employee DI, Occupational coverage
Read the Disability Income Insurance study guide
Sample questions & answers
1. 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).
2. 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.
3. Under Pennsylvania's disability income minimum standards, a policy paying benefits for one year or less may have an elimination period of no more than:
90 days
Maximum elimination periods are 90 days for benefits of a year or less, 180 days for over one up to two years and 365 days otherwise.
4. Disability income protection coverage in Pennsylvania must pay benefits for a maximum period during disability of at least:
6 months
The minimum standard requires a benefit period of at least six months, payable weekly or monthly.
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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.
