Reference no: EM132930593

Problem 1: The difference between "sick time" and short-term disability coverage is

a. Frequency of payment to the ill or disabled person

b. The elimination period

c. Nothing

d. The nature of the illness or disability covered

Problem 2: The primary function of disability insurance is:

a. To augment the health care policy in paying for direct health care expenses associated with becoming disabled

b. To cover the loss of earned income

c. To cover the costs of rehabilitation

d. To cover the mortgage.

Problem 3: All except one of the following is a provision that should be considered when purchasing disability coverage:

a. Waiver-of-premium provision

b. Guaranteed-renewable provision

c. Noncancelable provision

d. Moral hazard provision