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8 Cards in this Set
- Front
- Back
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some di policies have a probationary period
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time that must pass after insurer will pay any benefits ususally 15 30 days
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adverse selection
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those who need insurance most buy it
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if person suffers a disabling injury during probabtionary period insurance pays the claim
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true
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disability income insurance common benefit periods
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2 years 5 years age 65 lifetime
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short term and long term DI policies
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short less than 2 years
long more than 2 years |
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recurrent disability
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occurs within a specified time limit after a period of disability from the same or related causes
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relations to earnings provision (participation limit)
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limits the amount of beneifts the insurer will pay
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return to work rehab provision
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insurer pays for occupational therapy, training and modifications to the injureds workplace. Is not standard
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