The term for the period an employee must wait after becoming disabled before LTD benefits begin.
What is the Elimination Period?
Accident plans pay a benefit when this type of unexpected event occurs.
What is an accident?
Name 3 conditions typically covered by CI.
What are cancer, heart attack, stroke, coronary artery disease, end stage renal kidney failure?
Rates that are locked in at age you purchase coverage.
What is "Issue Age"?
When you take coverage with you when you change employment status.
What is portability and conversion?
This clause defines whether an employee qualifies for benefits based on their ability to perform their own occupation or any occupation.
What us the definition of disability (Own Occ vs Any Occ)?
This rider pays an additional 25% if insured receives injury while participating in a registered sport.
What is the Organized Sporting Activity Benefit Rider?
Critical Illness pays a lump sum upon diagnosis of this.
What is a covered condition?
Accelerates Death Benefit to pay for formal caregiving benefits.
What is the Long Term Care Rider?
The first commercial bourbon distillery opened in Kentucky in 1783.
Who is Evan Williams?
This term refers to income sources like Social Security Disability or Workers’ Compensation that reduce the LTD benefit.
What are offsets or deductible sources of income?
Name two common covered injuries in most accident plans.
What are fractures and dislocations?
CI plans are not meant to replace health insurance but help with THESE types of costs.
What are non-medical expenses (mortgage, childcare, groceries, travel)?
This is accrued over the life of the policy as long as premiums are paid.
What is cash value?
Other benefits Transamerica offers.
What is Short Term Disability, Group Term Life, HSA/FSA, 401k, GAP plans?
This is an optional rider that increases LTD benefits annually to keep pace with inflation.
What is the Cost of Living Adjustment?
Losing two arms or two legs is part of what benefits category.
What are Dismemberment Benefits?
Name the most frequently utilized Critical Illness benefit.
What is Wellness or Health Screening Benefit?
An amount of insurance an employee can purchase without medical questions.
What is Guaranteed Issue?
This establishment, opened in 1922 near Churchill Downs, is one of Louisville’s oldest continuously operating restaurants?
What is Wagner's Pharmacy?
This optional LTD contract limitation restricts benefit eligibility for conditions that cannot be verified through objective medical evidence, such as chronic pain, headaches, or fatigue.
Subjective Illness or Self-Reported Illness Limitation?
This person cracks your back, but also gets you reimbursed after an injury.
What is a chiropractor?
True or False: Rates are only in Attained Age format
What is False? (They can be issue age or attained age)
What is bathing, dressing, transferring, eating, toileting, and continence?
The winner of the 2025 Kentucky Derby.
Who is Sovereignty?