ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which type of insurance rates is determined by the type of work you do?
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Life
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Health
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Automobile
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Disability
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Explanation:
Detailed explanation-1: -Disability insurance, as the name implies, is a sort of insurance that pays out if a policyholder is unable to work and earn an income due to a disability. In case of an accident or disease, such a policy can protect you financially if you become disabled as a result of it.
Detailed explanation-2: -There are two basic types of disability insurance: Short-term and long-term. Both provide a benefit that replaces a portion of your income, ranging from 50% to 80%. That money can be used for living expenses, repaying loans, or even put into savings.
Detailed explanation-3: -Then we examine in greater detail the three most important types of insurance: property, liability, and life.
There is 1 question to complete.