Group Disability insurance (till pg50 ish)

Question 1

Group dis. Ins: Providers (AAEIU)

Answer 1

• employer
• industry
• members of an association
• alumi
• union

Question 2

Short term disability (STD)

Answer 2

• aka weekly indemnity
• benefits for short perood of time (1 yr)
• short waiting period (7 days)
• based on % of salary
• elplyer pays 100% of premium
• 70-75% of disability income

Question 3

Long term disability (LTD)

Answer 3

• after short term benefits
• benefit lower than STD , but longer benefits period

Question 4

Terminating membership in group olan pg49

Answer 4

Opt to convert group coverage to individual policy w insurer w/o medical evidence of insurability w/in 30 DAYS

Question 5

Geoup dis ins. : Amount of benefit- 3 levels pg56

Answer 5

• max non evidence amt
• max overall amt based in % of members qualifying income
• all sources- max according to group offset rules