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  4. Disability Income Insurance

Free Disability Income Insurance Practice Questions

Iowa Accident & Health exam — 48 practice questions.

Subtopics: Elimination period, Benefit period, Own occupation, Residual disability, Presumptive disability, Cost-of-living rider, Probationary period, Business overhead expense, Benefit limits, Any occupation, Recurrent disability, Elimination period effect, COLA rider, Future increase option, Waiver of premium, Short-term disability, Social insurance offset, 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:

The waiting period after a disability begins before benefits are payable

The elimination period is the waiting time after a disability begins before benefits start, functioning like a time deductible.

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

Benefit period

The benefit period is the maximum time the policy will pay benefits for a covered disability.

3. An own-occupation definition of total disability is generally more favorable because it pays when the insured cannot:

Perform the duties of their own occupation

An own-occupation definition pays if the insured cannot perform their own occupation, even if able to do other work.

4. Residual (partial) disability benefits are designed to:

Pay a reduced benefit based on lost income when the insured returns to work part-time

Residual disability benefits pay a reduced amount proportional to the income lost when the insured works 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.