Free Disability Income Insurance Practice Questions
South Dakota Life, Accident & Health exam — 35 practice questions.
Subtopics: Long-term disability, Group disability benefit, 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. Compared with a short-term disability policy, a long-term disability policy typically has:
A longer elimination period and benefit period
Long-term disability policies generally have a longer elimination period and pay benefits over years rather than weeks.
2. Group long-term disability benefits are most commonly expressed as:
A percentage of earnings, up to a monthly cap
Group LTD plans usually replace a percentage of pre-disability earnings, subject to a monthly maximum.
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.
