Multiple Choice
Joe has a disability income policy that pays a monthly benefit of $1,200.Joe has been disabled for 30 days,but he only received a check in the amount of $600 from his disability insurance.What is probably the reason that he only received $600?
A) The policy has a deductible of $600.
B) The elimination period is 15 days.
C) The policy has a 50% coinsurance clause.
D) Joe is considered to be only 50% disabled.
E) Joe has only owned the policy for 6 months.
Correct Answer:
Verified
Correct Answer:
Verified
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