Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Drew has a disability income policy that pays a monthly benefit of $3,000. Drew has been disabled for 60 days, but he only received $1,500

image text in transcribed
Drew has a disability income policy that pays a monthly benefit of $3,000. Drew has been disabled for 60 days, but he only received $1,500 from his disability insurance. Which of the following is the probable reason that he only received $1,500? O The policy has a deductible of $1,500. The elimination period is 45 days. The policy has a 50% coinsurance clause. Drew is considered to be only 50 % disabled

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Diversification And Portfolio Management Of Mutual Funds

Authors: Greg N. Gregoriou

1st Edition

0230019153,0230626505

More Books

Students also viewed these Finance questions

Question

Explain the chemical properties of acids with examples.

Answered: 1 week ago

Question

Write the properties of Group theory.

Answered: 1 week ago