03/17/20 - Disability Insurance
Quiz by Christopher Jones
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives
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3 questions
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- Q1What is disability insuranceInsurance 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.300s130.180.F.10.D
- Q2How 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.300s130.180.F.10.D
- Q3John 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$3,600300s130.180.F.10.D