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As an incentive for disabled workers to return to work as soon as possible, many DI policies offer a residual disability benefit, one that will pay the disabled a portion of his benefits if he is able to work part-time following a period of total disability. Which of the following conditions need to be met for this benefit to apply? 1. There has to be a minimum period of total disability under the contract, often six months, including the waiting period. 2. There are minimum and maximum income requirements for an insured to qualify for residual benefits normally 20%. 3. If the insured earns 60% of his pre-disability income, he will receive no benefit 4. If the insured only earns 20% or less of his pre-disability income, he will qualify for full benefits. 5. Earnings between 20 % and 60% of pre-disability income will result in a pro-rata benefit, proportional to the percentage of income lost to disability. Select one: a 1,2,3 &4 b. 1,284 C 1,2,4&5 d. 2,3,4&5

As an incentive for disabled workers to return to work as soon as possible, many DI policies offer a residual disability benefit, one that will pay the disabled a portion of his benefits if he is able to work part-time following a period of total disability. Which of the following conditions need to be met for this benefit to apply? 1. There has to be a minimum period of total disability under the contract, often six months, including the waiting period. 2. There are minimum and maximum income requirements for an insured to qualify for residual benefits normally 20%. 3. If the insured earns 60% of his pre-disability income, he will receive no benefit 4. If the insured only earns 20% or less of his pre-disability income, he will qualify for full benefits. 5. Earnings between 20 % and 60% of pre-disability income will result in a pro-rata benefit, proportional to the percentage of income lost to disability. Select one: a 1,2,3 &4 b. 1,284 C 1,2,4&5 d. 2,3,4&5

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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As an incentive for disabled workers to return to work as soon as possible, many Di policies offer a residual disability benefit, one that will pay the disabled a portion of his benefits if he is able to work part-time following a period of total disability. Which of the following conditions need to be met for this benefit to apply? 1. There has to be a minimum period of total disability under the contract, often six months, including the waiting period. 4 2. There are minimum and maximum income requirements for an insured to qualify for residual benefits normally 20%. 3. If the insured earns 60% of his pre-disability income, he will receive no benefit 4. If the insured only earns 20% or less of his pre-disability income, he will qualify for full benefits. 5. Earnings between 20 % and 60% of pre-disability income will result in a pro-rata benefit, proportional to the percentage of income lost to disability. Select one: 1,2,3 & 4 b. 1,2 & 4 Oc 1,2,4&5 d. 2,3,4 & 5
Transcribed Image Text:As an incentive for disabled workers to return to work as soon as possible, many Di policies offer a residual disability benefit, one that will pay the disabled a portion of his benefits if he is able to work part-time following a period of total disability. Which of the following conditions need to be met for this benefit to apply? 1. There has to be a minimum period of total disability under the contract, often six months, including the waiting period. 4 2. There are minimum and maximum income requirements for an insured to qualify for residual benefits normally 20%. 3. If the insured earns 60% of his pre-disability income, he will receive no benefit 4. If the insured only earns 20% or less of his pre-disability income, he will qualify for full benefits. 5. Earnings between 20 % and 60% of pre-disability income will result in a pro-rata benefit, proportional to the percentage of income lost to disability. Select one: 1,2,3 & 4 b. 1,2 & 4 Oc 1,2,4&5 d. 2,3,4 & 5
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