Which of the following statements about disability income insurance is true?
A) Most individual disability income policies pay a fixed percentage of gross income.
B) Any disability stemming from an illness or injury that occurs during the probationary period is covered.
C) Typical waiting periods for disability insurance range from 30 days to a year.
D) Policies with a guaranteed renewability provision are generally more expensive initially than noncancelable policies.
E) Typical probationary periods for disability insurance range from 90 days to a year.

Question

Quizplus · Accepted Answer

Disability insurance policies often have waiting periods ranging from 30 days to a year before benefits are paid out.

Which of the Following Statements About Disability Income Insurance Is