Free Disability Income Insurance Practice Questions
Wyoming Accident & Health exam — 80 practice questions.
Subtopics: Elimination period, Benefit period, Own occupation, Residual disability, Probationary period, Presumptive disability, Recurrent disability, Cost-of-living rider, Relation of earnings, Business overhead expense, Change of occupation, Any occupation, Elimination period effect, COLA rider, Future increase option, Benefit limits, Waiver of premium, Short-term disability, Social insurance offset, 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. The elimination (waiting) period in a disability income policy is:
The time after a disability begins before benefits become payable
The elimination period is the waiting time after a disability begins during which no benefits are paid.
2. The benefit period in a disability income policy refers to:
The maximum length of time benefits will be paid for a disability
The benefit period is the maximum time the policy will pay benefits for a covered disability.
3. An own-occupation definition of total disability pays benefits when the insured cannot:
Perform the duties of their own occupation
An own-occupation definition pays when the insured cannot perform the duties of their own occupation, even if able to do other work.
4. A residual disability benefit is generally payable when the insured:
Returns to work but suffers a loss of income because of the disability
A residual benefit pays a partial amount when the insured can work but earns less due to the continuing disability.
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.
