Show:
The Basics - IDI
IDI General Policy Features
IDI Optional Riders
Underwriting
Business Products
100
The names of the two IDI policies offered by Berkshire
What are Provider Plus and Provider Plus Limited?
100
Waiver of Premium
What are premiums are waived during a period of disability and for 6 months following a period of disability?
100
Residual Rider: loss of income trigger percentage and length of the Recovery feature
What are 15% and the entire benefit period?
100
The modal factor (or service fee) on GOM premiums for IDI
What is none?
100
Berkshire's 3 Business Products
What are Overhead Expense, Disability Buy Out and Business Reducing Term?
200
The Elimination Period choices for Provider Plus.
What are 30, 60, 90, 180, 360 and 720 days?
200
Non-Cancellable and Guaranteed Renewable (3 components)
What are: 1) The policy cannot be cancelled if premiums are paid, 2) The policy provisions cannot be changed and 3) The premiums cannot be changed?
200
Two circumstances that can trigger an FIO exercise
What are the policy anniversary date (income has increased) and the loss of Group LTD?
200
The 3 main discount programs possible for employees of the same employer, and how many lives (minimum) each discount program must have
What is QSPP, VIP and PGD, and 3 lives?
200
The occupation classes that Berkshire will underwrite for our business products
What are 6, 5, 4, 3, 6M, 5M, 4M, 3M?
300
The Benefit Period choices for Provider Plus
What are 2 years, 5 years, 10 years, to age 65 and to age 67?
300
Capital Sum Benefit (how much and when paid)
What is a benefit equal to 12 times the monthly indemnity, and is payable in the event of total and irrecoverable loss of sight in one eye, or the complete loss of one hand or one foot (severance). FYI, The Capital Sum Benefit is a lump sum amount in addition to any other benefit payable under the policy.
300
The ABE (Automatic Benefit Enhancement) rider
What is a 4% increase in the policy benefit amount each year for the first 6 policy years?
300
EQI (max policy benefit amount under age 40 and requirements or lack thereof)
What is a streamlined underwriting process that allows for up to $5000 (base plus 1/2 of the FIO) and does not require labs or financial documentation? FYI, combo cases do not qualify for EQI.
300
Two of the business products that are "reimbursement" contracts
What are Overhead Expense and Disability Buy Out?
400
True Own Occupation definition
What is the inability to perform the material and substantial duties of your occupation, regardless if you are working in another occupation?
400
Presumptive Total Disability Benefits (4 possible components)
What are 1) loss of sight in both eyes, 2) loss of hearing in both ears, 3) loss of speech, 4) the use of both hands, both feet, or one hand and one foot. FYI, these conditions do not have to be irrecoverable, and we will waive the elimination period and pay benefits for the entire benefit period if the condition persists that long.
400
The three Cost of Living Adjustment rider choices
What are 3%, 6% maximum and 4-year delayed (3%)?
400
The minimum policy size (benefit amount) for a fully underwritten IDI policy, and for an FIO
What is $500 and $200?
400
Business products that typically have premiums which may be deductible to the business
What is Overhead Expense?
500
The 4 main differences between Provider Plus and Provider Plus Limited
What are the Residual Rider, the Cost of Living Adjustments, Future Increase Options/Benefit Purchase Rider and the 24 month limitation on Mental/Nervous conditions?
500
5 Year Waiver of Elimination Period (3 components)
What is: You become disabled within 5 years after the end of a previous disability that lasted at least 6 months and for which benefits were paid?
500
Unemployment Waiver of Premium
What is a waiver of premium benefit after 60 days of unemployment, that lasts up to 12 months?
500
3 ways to calculate policy benefit amount, or get assistance doing so
What is 1) look in the Field Underwriting Guide for Issue and Participation limits, 2) use the "Calculate" feature in the illustration software, and 3) Ask for assistance from your friendly neighborhood DIS.
500
Number of owners of a company who must apply for coverage under the Disability Buy Out guidelines
What is all eligible owners actively working full time? FYI, 2 of 3 will be accepted if the third is uninsurable.