Individual Disability Underwriting

For individual disability insurance underwriting, job duties (not merely job titles) are grouped into classifications based on (a) how hazardous they are; (b) the income that is usually associated with the job; and (c) the history of claims from others with similar jobs. Generally speaking, lower risk jobs such as office workers would be placed into

Which of the following statements is true about the benefit limits for a disability income insurance policy?

Maria has a disability income policy that pays a benefit shown in the policy that is based on a certain amount of earnings—and a certain benefit is guaranteed to be paid—even if she was not earning that much when she becomes disabled. What type of contract is this?

Which of the following is NOT a common exclusion in a disability income policy?

Which of the following is NOT a common exclusion in a disability income policy?

Which of the following is NOT a common exclusion in a disability income policy?

Which of the following is NOT an important underwriting factor for individual disability insurance?

Unlike individual medical expense policies, individual disability income policies