Khuyết tật & Chăm sóc dài hạnCâu 651 / 716
A cost-of-living adjustment (COLA) rider on a disability policy:
a.Waives the premium during disability
b.Gradually shortens the benefit period each year in exchange for a higher initial monthly benefit amount
c.Reduces the monthly benefit over time
d.Increases the monthly benefit during a long claim to keep pace with inflation
Giải thích
A COLA rider raises benefits during an extended claim to offset inflation, protecting purchasing power. It does not reduce benefits, shorten the benefit period, or waive premiums.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Key person disability insurance is owned by and pays benefits to:
- A disability buy-sell policy provides funds to:
- A Social Insurance Supplement (SIS) rider on a disability policy pays benefits when the insured is:
- Most disability income policies include a waiver of premium after the insured has been disabled for:
- A disability income policy described as 'occupational' coverage pays benefits for disabilities that occur:
- Workers compensation covers work-related injuries, so a 'nonoccupational' disability policy is designed to cover:
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Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)