Are you having trouble answering the question “Tom purchases a disability income policy, and becomes disabled five years later. The disability is caused by medical condition he had before purchasing the disability income policy, but the policy does not specifically exclude coverage for a disability caused by this medical condition. What will the insurer do when Tom reports the claim?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Tom purchases a disability income policy, and becomes disabled five years later. The disability is caused by medical condition he had before purchasing the disability income policy, but the policy does not specifically exclude coverage for a disability caused by this medical condition. What will the insurer do when Tom reports the claim?
a. Pay benefits at 40% of the insured’s income
b. Pay benefits for 3 months
c. Pay full benefits
d. Deny the claim and void the policy for misrepresentation and concealment
Answer: c. Pay full benefits
You should now have gotten the answer to your question “Tom purchases a disability income policy, and becomes disabled five years later. The disability is caused by medical condition he had before purchasing the disability income policy, but the policy does not specifically exclude coverage for a disability caused by this medical condition. What will the insurer do when Tom reports the claim?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
