Question

(T/F) Disabled life reserves are only held for long-term coverages where there is the possibility of recurring future claim payments such as long-term disability and long-term care.

Answer 1

Disabled life reserves are held for long-term coverages where there is the possibility of recurring future claim payments such as long-term disability and long-term care.

Step-by-step explanation:

Disabled life reserves are held for long-term coverages where there is the possibility of recurring future claim payments such as long-term disability and long-term care. These reserves are specifically set aside to ensure that the insurance company has enough funds to pay out claims for disabled individuals over an extended period of time.