All of the following statements about individual disability income policies are true EXCEPT
A) Premiums are often waived while a person is disabled but must be resumed if the insured recovers.
B) At the time of purchase, the insured can choose the length of the benefit period from among several available options.
C) In order to encourage rehabilitation, benefits may be continued during periods of vocational training.
D) Most disability income insurance policies contain an elimination period of 10 or fewer days.
Answer: D
You might also like to view...
Which of the following is one of the tools used for analyzing and designing processes?
a. breakeven analysis b. cost analysis c. volume analysis d. assembly drawing
Leaders who want to implement transformational leadership concepts in their organizations must provide a vision and establish personal relationships with followers.
a. true b. false
You are expecting a payment of Can$138,000 two years from now. Assume the risk-free rate of return is 2.7 percent in Canada and 3.1 percent in the U.S. Also assume the current exchange rate is Can$1.2903 = $1. Approximately how much will the payment two years from now be worth in U.S. dollars?
A) $108,319 B) $106,101 C) $107,813 D) $107,381 E) $108,169
Which of the following is a team trip wire presented by Hackman?
A. specify simple team objectives and provide adequate resources B. define tasks for which members are collectively responsible C. create an inappropriate authority balance in the group D. provide organizational support for task-performing teams and work groups