1. Disability income insurance is designed to replace:

A portion of lost income when the insured cannot work due to disability

Disability income pays periodic benefits to replace part of the earnings lost during a covered disability.

2. The waiting period between the onset of a disability and the start of benefit payments is the:

Elimination period

The elimination (waiting) period is a form of time deductible before disability benefits begin.

3. The maximum length of time that disability benefits will be paid for a single disability is the:

Benefit period

The benefit period caps how long benefits continue, such as 2 years, 5 years, or to age 65.

4. A disability definition that pays benefits if the insured cannot perform the duties of their own occupation is:

Own occupation

The own-occupation definition is more liberal, paying if the insured cannot do their specific job.