Asked by Cayla Hamilton on Jul 27, 2024
Verified
What is true about disability insurance?
A) It benefits the disabled employee only for the first year of disability.
B) Payments under short-term plans are less than that of long-term plans.
C) It pays about 50 to 70 percent of the employee's salary in case of disability.
D) Most employers offer long-term disability plans.
E) It offers coverage when the employee's dependent is disabled.
Disability Insurance
A type of insurance coverage that provides income in the event a worker is unable to perform their job duties due to a disability.
Short-Term Plans
Strategies or objectives set to be achieved in the immediate future, typically within a year.
Long-Term Plans
Strategic plans developed to achieve goals and objectives over an extended period, typically beyond five years.
- Learn about the significance and protection insurance offers in the workplace context, covering health, disability, and unemployment benefits.
Verified Answer
SK
Sigrid KleiveAug 02, 2024
Final Answer :
C
Explanation :
Disability insurance typically pays around 50 to 70 percent of the employee's salary in case of disability.
Answer: D
Most employers offer long-term disability plans, in addition to short-term disability plans.
Options A and E are incorrect as disability insurance can cover the employee for long periods of time and does not cover the employee's dependents. Option B is incorrect as payments under long-term plans are typically higher than short-term plans due to the extended period of coverage.
Answer: D
Most employers offer long-term disability plans, in addition to short-term disability plans.
Options A and E are incorrect as disability insurance can cover the employee for long periods of time and does not cover the employee's dependents. Option B is incorrect as payments under long-term plans are typically higher than short-term plans due to the extended period of coverage.
Learning Objectives
- Learn about the significance and protection insurance offers in the workplace context, covering health, disability, and unemployment benefits.