Question
hich of the following statements is not true of disability insurance?
Question 1 options:
You should have it even if you are retired and living on a pension.
The amount of coverage should equal your disposable income.
If you are self-employed you should have disability insurance.
All of these are true of disability insurance.
Question 1 options:
You should have it even if you are retired and living on a pension.
The amount of coverage should equal your disposable income.
If you are self-employed you should have disability insurance.
All of these are true of disability insurance.
Answers
GPT-4o mini
The statement that is not true of disability insurance is:
**You should have it even if you are retired and living on a pension.**
Disability insurance is typically designed to replace income lost due to injury or illness while one is actively working. Once retired and living on a pension, the need for disability insurance diminishes since there is no active income that needs to be replaced.
**You should have it even if you are retired and living on a pension.**
Disability insurance is typically designed to replace income lost due to injury or illness while one is actively working. Once retired and living on a pension, the need for disability insurance diminishes since there is no active income that needs to be replaced.