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  4. Disability Income Insurance

Free Disability Income Insurance Practice Questions

Minnesota Accident & Health exam — 48 practice questions.

Subtopics: Elimination period, Benefit period, Own occupation, Residual benefit, Probationary period, Presumptive disability, Taxation of benefits, Business uses, Social Security rider, Any occupation, Residual disability, Recurrent disability, Elimination period effect, COLA rider, Future increase option, Benefit limits, Waiver of premium, 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 functions most like what?

A deductible measured in time

The elimination period is a waiting period at the start of a disability before benefits begin, functioning like a time deductible.

2. The benefit period in a disability income policy refers to what?

The maximum length of time benefits will be paid

The benefit period is the maximum length of time disability benefits will be paid for a single period of disability.

3. An own-occupation definition of disability generally considers the insured disabled when unable to do what?

Perform the duties of his or her own occupation

Under an own-occupation definition, the insured is considered disabled if unable to perform the duties of his or her own occupation.

4. A residual disability benefit is designed to do what?

Pay a partial benefit based on lost income during partial disability

A residual disability benefit pays a partial benefit proportionate to the income lost when the insured can work but 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.