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Question 1 of 6
1. Question
Which of the following represents insurable, earned income under a disability income policy?
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Question 2 of 6
2. Question
When gross earnings are the basis for income replacement, a common replacement percentage is:
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Question 3 of 6
3. Question
Caldwell is applying for an individual disability insurance policy. Her employer provides a salary continuation plan for 60 days during which she will receive 100% of her $4,000 monthly income. Caldwell wants the new disability insurance policy to be written for a monthly benefit of $2,800 with a 30-day elimination period. Select the BEST statement concerning this situation.
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Question 4 of 6
4. Question
An applicant’s income qualifies him for a monthly benefit of $5,500. He has an existing individual disability insurance policy issued by another insurer with a monthly benefit of $2,000. Ignoring the possibility of social insurance benefits, for what monthly benefit may you request the new policy?
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Question 5 of 6
5. Question
An insurer often will slightly increase the issue limits for an applicant who already has what type of disability insurance coverage in place?
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Question 6 of 6
6. Question
Which statement is correct concerning unearned income and the monthly benefit for which a disability insurance applicant is eligible?
