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  4. Disability Income Insurance

Free Disability Income Insurance Practice Questions

Colorado Accident & Health exam — 48 practice questions.

Subtopics: Elimination period, Benefit period, Own occupation, Residual disability, Probationary period, Recurrent disability, Presumptive disability, Waiver of premium, Cost-of-living rider, Any occupation, Elimination period effect, COLA rider, Future increase option, Benefit limits, 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

Read the Disability Income Insurance study guide

Sample questions & answers

1. The elimination period in a disability income policy is best described as:

A waiting period after disability begins before benefits are payable

The elimination period is a deductible measured in time; benefits begin only after the insured has been disabled for that waiting period.

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 length of time the policy will pay benefits for a single period of disability.

3. An own-occupation definition of total disability generally pays benefits if the insured cannot:

Perform the material 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 work in another field.

4. A residual disability benefit is designed to:

Pay a partial benefit based on lost income when the insured works at reduced capacity

A residual benefit pays a portion of the full benefit proportional to the income the insured loses while working at reduced capacity.

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Practice: Disability Income Insurance

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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.