Although he has a good health insurance policy, Ken is concerned that a serious accident or lengthy illness would still be devastating to his family because of the lost income and other expenses not covered by his policy. Ken would probably be interested in obtaining:
A) disability insurance.
B) a premium waiver provision.
C) health extension coverage.
D) a rider on his homeowner's policy.

Question

Quizplus · Accepted Answer

Disability insurance would provide income replacement in the event of an accident or illness that prevents Ken from working. This would help to alleviate the financial burden on his family and cover expenses not covered by his health insurance policy. A premium waiver provision would only waive Ken's life insurance premiums in the event of a disability, not provide income replacement. Health extension coverage and a rider on his homeowner's policy are not relevant to Ken's concerns about lost income and medical expenses.

Although He Has a Good Health Insurance Policy, Ken Is