Which of the following statements is true regarding disability income insurance?

Question

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Increasing the elimination period (the waiting period before benefits are paid) does typically reduce the premium for disability income insurance. The other statements are false: Disability income insurance may be necessary even if you have workers compensation (since workers comp only covers job-related injuries or illnesses), disability income insurance typically replaces only a portion of lost income, and there is no uniform definition of disability across all policies.

Which of the Following Statements Is True Regarding Disability Income