A longer waiting period on a disability income policy will

Name: A longer waiting period on a disability income policy will
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A longer waiting period on a disability income policy will reduce the insurance premium. This is because the longer waiting period means that the insurance company has less risk of paying out benefits, and thus the cost to the policyholder is lower. However, it will not require a smaller emergency fund or extend the benefit period.

A Longer Waiting Period on a Disability Income Policy Will