Chapter 5: Disability Insurance

1. List and define the three common definitions used in disability insurance policies.

2. Lista nd describe provisions commonly found in disability insurance policies.

3. Explain the relative importance of short versus long-term disability coverage.

4. Explain why it is important to not just accept an own occupation definition as described by a representative or by marketing literature.

5. Describe the impact to disability policy premiums of increasing the elimination period.

6. Compare and contrast the future increase option rider and the automatic increase riders.

7. Identify the primary issue in determining whether disability benefits are taxable or tax-free?

8. What is the purpose of disability income insurance, and what are some of the various definitions of disability?