Question
Question 8 (2 points)
Which of the following statements is not true of disability insurance?
Question 8 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.
Which of the following statements is not true of disability insurance?
Question 8 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
Answered by
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 intended to replace lost income due to a disabling condition while you are actively working. Once retired and reliant on a pension or retirement savings, the need for disability insurance generally diminishes.
**You should have it even if you are retired and living on a pension.**
Disability insurance is typically intended to replace lost income due to a disabling condition while you are actively working. Once retired and reliant on a pension or retirement savings, the need for disability insurance generally diminishes.
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