伤残与长期护理第 490 / 716 题
A disability buy-sell policy is designed to provide funds to:
a.Reimburse the disabled owner's personal medical, hospital, and rehabilitation expenses as they are incurred
b.Continue paying the disabled owner's regular monthly salary until a return to work
c.Buy out the share of an owner who becomes permanently disabled, under a buy-sell agreement
d.Cover the business's monthly overhead costs such as rent, utilities, and staff wages
解析
A disability buy-sell policy funds the purchase of a permanently disabled owner's interest in the business by the other owners or the entity, mirroring how life-insurance-funded buy-sell agreements handle an owner's death. It does not continue salary, cover overhead, or pay medical bills, which are the jobs of personal disability income, business overhead expense, and health insurance respectively. The buy-sell policy ensures a smooth, funded transfer of ownership when disability makes an owner unable to continue.
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同考点相关题目
- Benefits under most long-term care (LTC) insurance policies are typically triggered when the insured:
- A 'noncancelable' disability income policy guarantees that the insurer:
- Business overhead expense (BOE) disability insurance reimburses a disabled business owner for:
- Key-person disability income insurance pays its benefit to the:
- A disability income policy that covers the insured only for injuries and sickness occurring away from the job is described as:
- Short-term disability (STD) coverage generally provides benefits for a maximum period of about:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)