Practice Quiz

Health and Life Insurance

Category - Theory

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When an individual is recuperating at home and receiving income based on a disability from illness or injury, what type of policy might they have?
  1. Disability income policy
  2. Hospital income insurance policy
  3. Long-term care policy
  4. Medical expense insurance policy
Explanation
Answer: A - When an individual is recuperating at home and receiving income based on a disability from illness or injury, they might have a disability income policy. The disability income policy pays a weekly or monthly benefit for disabilities due to an accident or sickness. The primary purpose of the disability income coverage is to replace the loss of personal income in the instance of disability.

Theory
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