Unit 6 Lesson 4–Disability and Life Insurance
Understanding Disability and Life Insurance
Test your knowledge on the essential aspects of disability and life insurance with our engaging quiz. Whether you're a newbie or have some experience, this quiz aims to clarify important concepts that everyone should know.
- Learn about different types of life insurance policies.
- Understand the significance of disability insurance.
- Explore the role of government programs like SSDI and SSI.
It is a common permanent life insurance policy, which lasts as long as the premiums continue to be paid, and the death benefit remains constant for the length of the policy.
Term life Insurance
Whole life insurance
Medical Insurance
Dental Insurance
It is a contract purchased by the policyholder that commits the insurance company, in exchange for premiums paid, to pay a specified amount of money when the insured passes away.
Term Life Insurance
Whole Life Insurance
Life Insurance
Medical Insurance
Who typically manages the SSDI and SSI?
the state governments
The Social Security Administration
Individual employers
US Department of Labor
It is either employer sponsored or individually purchased and provides income protection if an employee becomes unable to work for a long period of time due to illness, disability or non-work-related injury.
Short- term disability insurance
Short pass disability insurance
Long-term disability insurance
Life Insurance
It is often sponsored by the employer and provides income protection to an employee while they cannot work for a temporary period of time.
Short-term Disability insurance
Long-term disability Insurance
Life Insurance
Short pass disability insurance
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