QuestionAugust 3, 2025

Multiple Choice All of these statements about the Waiver of Premium provision are correct, EXCEPT: A. Waiver of Premium is available on both permanent and term insurance policies B. Insured must be totally disabled to qualify C. A waiting period must pass before becoming eligible for benefits D. Insured must be eligible for Social Security disability for claim to be accepted

Multiple Choice All of these statements about the Waiver of Premium provision are correct, EXCEPT: A. Waiver of Premium is available on both permanent and term insurance policies B. Insured must be totally disabled to qualify C. A waiting period must pass before becoming eligible for benefits D. Insured must be eligible for Social Security disability for claim to be accepted
Multiple Choice
All of these statements about the Waiver of Premium provision are correct, EXCEPT:
A. Waiver of Premium is available on both permanent and term insurance policies
B. Insured must be totally disabled to qualify
C. A waiting period must pass before becoming eligible for benefits
D. Insured must be eligible for Social Security disability for claim to be accepted

Solution
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Answer

D. Insured must be eligible for Social Security disability for claim to be accepted Explanation 1. Identify the incorrect statement Analyze each option to determine which one does not accurately describe the Waiver of Premium provision. - **A**: Waiver of Premium is available on both permanent and term insurance policies. (Correct) - **B**: Insured must be totally disabled to qualify. (Correct) - **C**: A waiting period must pass before becoming eligible for benefits. (Correct) - **D**: Insured must be eligible for Social Security disability for claim to be accepted. (Incorrect, as eligibility for Social Security disability is not a requirement for Waiver of Premium.)

Explanation

1. Identify the incorrect statement<br /> Analyze each option to determine which one does not accurately describe the Waiver of Premium provision.<br /><br />- **A**: Waiver of Premium is available on both permanent and term insurance policies. (Correct)<br />- **B**: Insured must be totally disabled to qualify. (Correct)<br />- **C**: A waiting period must pass before becoming eligible for benefits. (Correct)<br />- **D**: Insured must be eligible for Social Security disability for claim to be accepted. (Incorrect, as eligibility for Social Security disability is not a requirement for Waiver of Premium.)
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