Question

What kind of disability insurance:

Starts after 30-120 days, length of benefit can be 5-10 years or until 65
a) Short-term disability insurance
b) Long-term disability insurance
c) Social Security disability insurance
d) Critical illness insurance

Answer 1

The kind of disability insurance with a waiting period of 30-120 days that extends benefits for 5-10 years or until age 65 is Long-term disability insurance.

Step-by-step explanation:

The type of disability insurance that starts after a waiting period of about 30-120 days and offers benefit lengths ranging from 5-10 years, or until age 65, is b) Long-term disability insurance. This insurance is intended to provide financial support to individuals who are unable to work for extended periods due to severe illness or injury. In contrast, short-term disability insurance has a shorter benefit duration, Social Security disability insurance requires a disability expected to last at least 12 months, and critical illness insurance provides a lump-sum payment for specific diagnoses.