Generally, disability income policies with longer waiting periods

Name: Generally, disability income policies with longer waiting periods
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Disability income policies with longer waiting periods have lower premiums. This is because the longer the waiting period, the less likely an insured person is to make a claim, and therefore the lower the risk to the insurance company. Insurance companies are able to offer lower premiums for longer waiting periods because they are taking on less risk.

Generally, Disability Income Policies with Longer Waiting Periods