which type of disability insurance policy is likely to have the lowest premiums for a given monthly payment…

which type of disability insurance policy is likely to have the lowest premiums for a given monthly payment? a. one with a short waiting period that will pay out if you cant continue in your current occupation. b. one with a long waiting period that will pay out only if you cant do any type of work at all. c. one with a short waiting period that will pay out only if you cant do any type of work at all. d. one with a long waiting period that will pay out if you cant continue in your current occupation.

which type of disability insurance policy is likely to have the lowest premiums for a given monthly payment? a. one with a short waiting period that will pay out if you cant continue in your current occupation. b. one with a long waiting period that will pay out only if you cant do any type of work at all. c. one with a short waiting period that will pay out only if you cant do any type of work at all. d. one with a long waiting period that will pay out if you cant continue in your current occupation.

Answer

Brief Explanations:

Insurance premiums are based on risk. A long waiting - period means the insurer has less immediate risk, and paying out only if one can't do any work at all is a more restrictive condition, reducing the likelihood of a claim. This lowers the risk for the insurer, resulting in lower premiums.

Answer:

B. One with a long waiting period that will pay out only if you can't do any type of work at all.