4. 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