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03/17/20 - Disability Insurance

Quiz by Christopher Jones

High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives

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Measures 1 skill from
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives

130.180.F.10.D

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3 questions
Show answers
  • Q1
    What is disability insurance
    Insurance that pays you a portion of your income when you become unable to work.
    Insurance that pays you a portion of your income to pay for accommodations for a disability.
    300s
    130.180.F.10.D
  • Q2
    How is disability insurance similar to health insurance?
    Both insurance types pay out money to you directly in order to pay for essentials while you are unable to work.
    Both insurance types are triggered by a medical cause such as an illness or injury.
    Both insurance types pay your medical bills for you.
    There are no similarities between the two.
    300s
    130.180.F.10.D
  • Q3
    John has an annual income of $36,000 and a disability insurance policy that pays 75% of his monthly income in the event of disability. How much will his monthly payout be under his policy?
    $3,000
    $2,250
    $1,800
    $3,600
    300s
    130.180.F.10.D

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