Final answer:
The correct answer is d) Participating policy, which is not a feature of group long-term disability plans. Elimination period, benefit period, and guaranteed issue are common features, but participating policies usually relate to life insurance and involve dividends or ownership, which are not applicable to disability insurance.
Step-by-step explanation:
The question pertains to the features that may or may not be included in a group long-term disability plan. These plans often have various provisions designed to provide income protection to workers in the event of a long-term disability. Here are the elements typically found in such plans:
- Elimination period - This is the time that must pass after becoming disabled before benefits begin to be paid.
- Benefit period - This defines the maximum length of time that benefits will be paid while the insured is disabled.
- Guaranteed issue - This means that the insurance coverage is offered without requiring medical underwriting.
The option that is generally not a feature of a group long-term disability plan is a 'participating policy'. A participating policy is typical of life insurance and implies that policyholders may receive dividends or have some degree of ownership in the insurance company, which is not a characteristic of standard group long-term disability plans. Therefore, the correct answer is d) Participating policy.