Chapter 3 – Provisions and Riders Review Questions

The typical grace period contained in an individual disability insurance policy is _____.

From an insured’s point of view, the most beneficial policy type is one that is:

Some disability insurance policies provide for payment of a benefit to help the disabled insured retrain for a new job when performing the former occupation is impossible because of a disability. This benefit is the:

Which of the following riders modifies the total disability benefit if the insured receives disability payments from other forms of disability coverage?

A certain disability insurance policy includes automatic indexing to help offset inflation. When the indexing feature is exercised, the insured’s premium cost:

Which of the following MOST correctly describes the typical pre-existing conditions provision in disability insurance policies?

What rider allows an insured to purchase additional disability insurance without providing evidence of medical insurability?

A disabled insured receives a monthly total disability benefit of $3,000. She is still disabled after 12 months, at which time her benefit is increased to $3,150 by her COLA rider. Seven months later, she returns to work and eight months after that she is again disabled. Assuming no other changes have been made to her policy, the monthly disability benefit she will now receive is:

The Social Security Supplement Rider coordinates a disability insurance policy’s monthly total disability benefit with Social Security benefits when the:

Which disability insurance provision allows the insured to receive, at certain time intervals, a return of a percentage of the premiums paid if no disability claims have been submitted?