Exam 2: Health: Disability

George is assisting in moving his buddies to their new home. During the move, George slips on the ice-covered steps and fractures his arm. The insurance company declines the claims based on the nature of the accident. George's policy most likely includes:

What benefit provides payment of medical expenses incurred in non-disabling accidents?

Joseph works in a saw mill that regularly fails safety inspections. After one citation, Joseph gets caught in a saw and loses his hand in the machine. Joseph returns to work and slips on saw dust. Unable to grasp at the rail because he lost his hand, Joseph ends up breaking his leg. What type of disability would cover this?

What benefit pays a regular total disability benefit during the elimination period when the insured is hospitalized?

What is the benefit period?

What is a probationary period?

Fred is on the losing end of a pedestrian versus vehicle encounter. He is hospitalized and paralyzed from his chest down. The prognosis is positive for Fred to walk again someday, however he is unable to earn a living. What type of total disability would this be?

What is the purpose of a disability reducing term?

In the event an owner is disabled and unable to continue to run the business, what disability insurance option is available?

Why isn't asset liquidation a good alternative to disability income insurance?

Bob is in an accident that leaves him totally disabled. He is no longer able to work in his chosen field, but he is able to work. What type of disability would this be?

Sasha loses the use of both hands in a freak fishing accident. Because she is a sculptor by training, she will no longer be able to continue to make money. Which type of disability would this most likely be?

Which of the following is not a consideration when determining disability income needs?

When a person essential to the operation of a business becomes disabled, what type of coverage pays monthly benefits to cover expenses?

What is the purpose of the rehabilitation benefit?

Who should purchase a business overhead expense policy?

As part of her organic local food support, aspiring chef Laura purchases canned vegetables from a roadside "farmer." Prior to sharing her creations with friends and family, Laura receives a diagnosis of clostridium botulinum, the bacteria that causes botulism. Laura is confined to the hospital on a breathing apparatus and is having nervous system problems. Although the prognosis is good, Laura will be unable to work during recovery. What type of disability is this?

On average, how long do most Long-Term Disability policies provide benefits?

What is the purpose of the future increase option?

What is not an alternative to disability income insurance?