Which of the following is True about the chances of becoming disabled?
A) The probability of a 35-year-old becoming disabled for three months or longer before they reach age 65 is around 25 percent.
B) Because the chance of becoming disabled is small,most people do not need disability insurance coverage.
C) For people who become disabled for longer than three months,the average duration is over 2.2 years.
D) The probability of a 50-year-old becoming disabled for three months or longer before they reach age 65 is around 50 percent.
Correct Answer:
Verified
Q28: For long-term care insurance,all else equal,the higher
Q31: Universal life insurance is similar to whole
Q33: Your life insurance policy can be terminated
Q38: The problem with the cash value built
Q40: What principles must the provinces and territories
Q42: Which of the following is True about
Q44: As of 2012,which was True about life
Q45: In comparing term insurance with mortgage life
Q48: The similarity between disability income and long-term
Q51: Which of the following is correct regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents