Definitions of Disability
Unum LTD Products
Benefit Durations
Optional LTD Benefits
Standard Features
100
This Definition of Disability means your benefits are payable even if you were never totally disabled during elimination period
Residual Disability
100
This LTD product that requires 100% employee participation is sold in the 2-10 employee marketplace.
Benefit Advantage LTD
100
SS is an acronym for
Social Security
100
This acronym rider is meant to mitigate the "hangover" that comes with inflation... And sounds like the less exciting ingredient in a Cuba Libre.
Cost of Living Adjustment
COLA
100
Which of these unfortunately common 2020 activities will by itself specifically exclude you from receiving disability benefit?
Going to Spring Break with No Mask
Double dipping in salsa or queso
Active participation in a riot
Active participation in a riot
200
Employment suitable for your education and experience level is said to be this ________
Gainful
200
This LTD Product can be either contributory (75% participation Requirement) or Non Contributory (100% Participation Requirement)
Traditional LTD
200
SSNRA is an acronym for
Social Security Normal Retirement Age
200
This rider provides additional benefits for employees who have a catastrophic disability (loss of 2 or more Activities of Daily Living or “ADLs”, or deterioration of/loss in intellectual capacity).
Disability Plus (also Dis Plus... Not to be confused with Disney+, which is also great)
200
This benefit allows a disabled claimant to receive either $1,000 or 2x the monthly disability benefit to assist a disabled employee in returning to work.
Worksite Modification Program
300
In the Own Occ Definition of Disability, how long is the insured covered for loss of ability to perform the duties of his/her own occupation?
24 Months
300
This produce that is best suited for employers of greater than 500 employees offers an employer paid base benefit, and offers employees an opportunity to buy up to additional benefits at their own expense.
Flex LTD
300
ADEA is an acronym for
Age Discrimination in Employment Act
300
This option provides protection for a business when a key, revenue generating employee becomes disabled (e.g., active partner in a law firm).
Revenue Protection Benefit (RevPro)
300
When an employer pays all of the premium, this is the percentage of eligible employees that must participate in the LTD policy.
100%
400
What two professions are affected by the "Specialty Definition"?
Doctors and Lawyers
400
The participation requirement for this product is 10 lives or 20%, whichever is greater.
GV LTD Group Voluntary LTD
400
Which benefit period costs more in this Voluntary STD example?
SSNRA?
or
ADEA ?
SSNRA
400
This optional LTD provision allows employees who terminate with the employer to apply for LTD coverage under a group trust contract without evidence of insurability
Conversion
400
Of these options, which is the most costly pre-ex description?
3/12?
6/12?
12/12?
3/12
500
Can you offer different disability definitions to different employee classes?
YES
500
Deductible Sources of income that cause the payable benefit on an LTD Policy to be reduced.
Offsets
500
With Group Voluntary LTD, the employer can choose up to this many options for benefit duration.
3
500
Under this provision arrangement, the premium amount paid by the Employer is included in the employee’s taxable income and reported on the W-2 to make the benefit tax free.
Tax Choice Option / Gross Up
500
The "Recurrent Disability Provision" allows an insured to skip the elimination period if the disability occurs within what time frame?
6 Months