Long-term disability plans provide income protection due to long-term illness or injury that is not work-related.Question 2Answera.FALSEb.TRUE

Which of the following statements about disability insurance is false?A longer elimination period will lower your premium cost.Disability insurance is not necessary if you have a good health insurance policy.Your coverage should be for 65% of your income.After college, short-term disability should be covered by your emergency fund of three to six monthsʹ worth of expenses, staying out of debt, and having a money plan.

Which situation would most likely be covered by long-term disability insurance?A.Omar misses three days of work after having an accident on the job.B.Victoria misses work for nine months after suffering a bad injury.C.Elena takes six months off of work after having a second child.D.Diego takes three months off of work to help care for his aging father.SUBMITarrow_backPREVIOUS

Which type of insurance pays benefits to individuals who lose their ability to work due to injury or illness?Supplementary Income insuranceImpairment Income insuranceMedicaidDisability Income insurance

Employer-sponsored plans that provide pay to an employee when he/she is unable to work because of a non-work-related illness or injury are termed as _____ plans.Question 3Answera.defined benefitb.employee assistancec.defined contributiond.salary continuatione.sick leave

Employment Insurance is a government-mandated employment-related benefit.Question 9Answera.FALSEb.TRUE