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3 Cards in this Set
- Front
- Back
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How to calculate residual option?
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Option LESS increase
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How to calculate residual disability?
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1 - (Full health income) - (disabled income) = remaining income
2 - (remaining income) / (full health income) = percentage 3 - (percentage)(total disability benefit) |
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What are the three factors that determine what amount can be purchased to increase disability benefit?
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1 - insured's income
2 - insured's health 3 - ratemaking rules in effect at time option is purchased |
