Welcome 3
Chapter One
Intro to Disability
Insurance 4
Who needs Disability Coverage? 4
How much coverage is needed? 6
Degrees of disabilities 7
Monthly Expenses Worksheet 9
Income for Expenses Worksheet 10
How soon should benefits begin? 11
How long should benefits last? 11
Managing the DI Benefits 12
Review Questions 13
Chapter Two
Types of Coverage 14
Where is DI coverage available? 14
Employer-Provided Disability Coverage 15
Group Disability Insurance 17
METS 17
Individual Coverage 19
ARDI 19
Review Questions 20
Chapter Three
Provisions & Riders 21
Mandatory Provisions 21
Description of the 12 22
Optional Provisions 24
Waiver-of-Premium 27
Nonoccupational 28
Transplant 28
Rehabilitation 28
Nondisabling Injury 28
Preexisting Conditions 28
Free Look 29
Common Riders 29
Return of Premium 29
COLA 29
Social Security 30
Purchase Option 30
Family Income 31
Accidental Death & Dismemberment 31
Review Questions 33
Chapter Four
Occupational
Classifications & Underwriting
34
Classifications 35
Special Circumstances 35
Underwriting 37
Why the necessity? 37
The agent's role in Underwriting 38
The Underwriting Process 39
Moral & Morale Hazards 41
The Decision 42
Reinsurance 44
Why the Need? 44
Review Questions 47
Chapter Five
Social Security Disability
Benefits 48
Social Insurance 48
SSDI & SSI 49
Qualifying for SSDI 49
Qualifying for SSI 49
After Application of SS Benefits 51
The definition of SGA 53
Residual Functional Capacity 55
Alive to file an application? 55
Listings of Impairments, Part A 56
Listings of Impairments, Part B 61
Supplement Security Income (SSI) 64
Who is eligible for SSI? 64
How does SS benefits affect DI? 65
Joke 67
Review Questions 68
Chapter Six
Rating Systems 69
A.M. Best 69
A.M. Best's Rating Modifiers 72
Ratings "NA" Classification 73
Standard & Poor's 75
Moody's 76
Duff & Phelps 78
Weiss Research, Inc. 80
Additional Notations 81
State Ratings 82
Standard Analytical Services 83
Review Questions 84
Chapter Seven
Agent Ethics 85
Definition 85
Due Diligence 86
Simultaneous Representation 87
Minimize Misunderstandings 89
Admitted Assets 91
Consolidated Assets 92
Investment Grade Assets 92
Mandatory Securities Valuation Reserve 93
Capital Ratio 93
Net Premium Income 94
Surplus Reinsurance 94
Last Page 98
Review Questions 98
Glossary 99
United Insurance Educators,
Inc.
P.O. Box 327
Graham, WA 98338
(253) 846-1155