Question

Generally, disability income policies with shorter waiting periods have lower premiums. True or False

Answer 1

The statement is True. Disability income policies with shorter waiting periods have lower premiums.

Step-by-step explanation:

The statement 'Generally, disability income policies with shorter waiting periods have lower premiums' is True. Disability income policies are insurance policies that provide income replacement in the event of disability. The waiting period is the amount of time that must pass after the onset of disability before the policy begins paying benefits. Insurance companies generally charge higher premiums for policies with shorter waiting periods because they have a higher likelihood of paying out benefits sooner.