prescribed waiting period. Samantha’s disability benefit is 60% of her salary at the time of disability. How will Social Security disability affect her benefits?
Samantha will receive 60% of her salary plus the benefits provided by Social Security.
Samantha will receive 100% of the Social Security benefits; however, her employer’s benefits will be reduced so her total benefit will not exceed 60% of her salary at the time of disability, including what Social Security pays.
Judy is injured while she is on her job. Her company covers Judy with short-term disability, long-term disability and Workers Compensation. What plan will pay benefits to Judy in the event she is unable to work as a result of the on-the-job injury?
Workers Compensation will pay up to specified limits with the employer’s long-term disability plan making up any short fall of total income benefits after an elimination period.
Richard purchases a disability policy while he is a bookkeeper in a family business. He leaves the family business to work on an offshore oil platform and he becomes disabled. His policy states that he has a $1,000 monthly benefit for a qualifying disability, but he receives $750.00 per month. His policy most likely has a:
Residual disability clause
Presumptive disability clause
Own occupation definition
Change of occupation clause
A change of occupation provision will allow the insurance company to do any of the following at the time of claim EXCEPT:
Pay the benefits

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