Problem

Question

There are many factors that affect the cost of disability and long-term care insurance.
Which of the following factors usually increases the cost of disability insurance?
Choose 1 answer:
Choose 1 answer:
(Choice A) being employed in a high-risk occupation
A
being employed in a high-risk occupation
(Choice B) being employed in a low-risk occupation
B
being employed in a low-risk occupation
(Choice C) living in a rural area
C
living in a rural area
(Choice D) being self-employed
D
being self-employed

Answer 1

A) being employed in a high-risk occupation

Generally, individuals employed in high-risk occupations are more likely to experience disabilities and thus are at a higher risk for filing disability insurance claims. This increased risk factor usually results in higher premiums for disability insurance.