Question

Drew has a disability income policy that pays a monthly benefit of $3,000. Drew has been disabled for 60 days, but he only received $1,500 from his disability insurance. Which of the following is the probable reason that he only received $1,500?

1) The policy has a waiting period before benefits are paid
2) Drew did not meet the eligibility criteria for the full benefit amount
3) There was an error in processing Drew's claim
4) The policy only covers a portion of Drew's monthly income

Answer 1

Drew most likely only received $1,500 from his disability insurance policy because of the waiting period.

Step-by-step explanation:

The probable reason that Drew only received $1,500 from his disability insurance policy is that the policy has a waiting period before benefits are paid.