Free Disability Income Insurance Practice Questions
Virginia Accident & Health exam (series 11-06) — 82 practice questions.
Subtopics: Purpose, Elimination period, Benefit period, Own occupation, Any occupation, Residual benefit, Presumptive disability, Taxation, Social Security rider, DI elimination period, DI benefit period, DI pregnancy, DI accident onset, Residual disability, Recurrent disability, Elimination period effect, 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. Under Virginia's minimum standards, disability income insurance is defined as coverage that provides:
Periodic payments during partial or total disability
Disability income insurance provides weekly or monthly periodic payments for a specified period while the insured is partially or totally disabled by sickness or injury.
2. The elimination period in a disability income policy is:
A waiting period before benefits begin
The elimination period is the waiting period after disability begins before benefits start; the benefit period is how long they are paid.
3. The benefit period in a disability income policy is:
The maximum length of time benefits are paid
The benefit period is the maximum length of time benefits will be paid for a disability.
4. An 'own occupation' disability definition pays if the insured cannot:
Perform the duties of the insured's own occupation
Own-occupation coverage pays when the insured cannot perform the material duties of his or her own occupation.
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.
