Practice Quiz

Financial Planner

Category - Retirement Savings and Income Planning

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John has broken his tow and insists he can no longer work - ever! He insists you help him start getting disability payments. You try to explain to John that:
  1. Has a five-month waiting period if not exempted and his toe would already be healed.
  2. You’ll get the paperwork started and the first check will be mailed within a week.
  3. A and B
  4. Neither A nor B
Explanation
Answer: A - An individual with just a broken toe should be told there is a five-month waiting period if not exempted and his toe would already be healed. Additionally, a person is entitled to disability benefits is they meet the following requirements: is insured for disability benefits, is under the age of 65, has been disabled for 12 months, or is expected to be disabled for 12 months, has filed application for disability benefits, and has completed a five-month waiting period or is exempted from this period.
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