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Life and Health Insurance Producer Exam

Disability income: practice questions

Our Life & Health Insurance bank has 10 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1

What is 'own occupation' disability?

  1. The insured cannot perform the duties of any occupation at all
  2. The insured cannot do any household chores or daily activities
  3. The insured has missed work for at least one month
  4. The insured cannot perform the duties of their own occupation
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D. The insured cannot perform the duties of their own occupation — It is the most generous definition.

Question 2

What is 'any occupation' disability?

  1. The insured has a partial loss of income from their job
  2. The insured can't do any job for which they are reasonably suited by education, training or experience
  3. The insured has been away from work for 30 days
  4. The insured can't perform the main duties of their own job
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B. The insured can't do any job for which they are reasonably suited by education, training or experience — It is a stricter definition.

Question 3

What does business overhead expense insurance cover?

  1. A disabled business owner's ongoing business expenses, such as rent and utilities
  2. The salary of the owner after they retire
  3. The owner's personal living expenses while disabled
  4. The cost of buying out a disabled partner's share
Show the answer

A. A disabled business owner's ongoing business expenses, such as rent and utilities — Owner's salary is not covered.

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