DIA — Disability Income Associate Insurance Practice Questions

A client is evaluating disability insurance options. What is the primary purpose of this type of insurance?

• AA. To purchase a home
• BB. To protect income
• CC. To cover funeral expenses
• DD. To fund retirement

When assessing an applicant for disability income insurance, what factor is often considered to determine insurability?

• AA. Favorite color
• BB. Height
• CC. Eye color
• DD. Age

Which term refers to the maximum amount that an insurance company will pay for a disability claim?

• AA. Policy maximum
• BB. Benefit limit
• CC. Coverage cap
• DD. Exclusion clause

In underwriting a disability income insurance policy, what is the significance of an applicant's occupation?

• AA. It determines premium rates
• BB. It has no effect on claims
• CC. It's irrelevant
• DD. It decreases policy limits

Which type of disability insurance policy provides coverage regardless of the individual's ability to work in any occupation?

• AA. Short-term
• BB. Long-term
• CC. Any-occupation
• DD. Own-occupation

When might a "waiver of premium" benefit become applicable in a disability insurance policy?

• AA. At the time of application
• BB. When insured is disabled
• CC. When policyholder retires
• DD. After age 65