Question

Z owns a Disability Income policy with a 30-day Elimination period. Z contracts pneumonia that leaves him unable to work from January 1 until January 15. Z then becomes disabled from an accident on February 1 and the disability lasts until July 1 the same year. Z will become eligible to receive benefits starting on

(not enough information. Did not say when he bought the policy)

Answer 1

Z will become eligible to receive benefits starting on February 2, the day after the 30-day elimination period ends.

Step-by-step explanation:

The question is asking about Z's eligibility to receive benefits from a Disability Income policy. To determine this, we need to consider the elimination period and the duration of the disabilities. An elimination period is the waiting period before benefits become payable. In this case, it is 30 days. From the given information, Z's first disability lasted from January 1 to January 15, which is within the elimination period, so no benefits would be payable for this disability. However, Z's second disability lasted from February 1 to July 1, which is outside the elimination period. Therefore, Z would become eligible to receive benefits starting on February 2, the day after the elimination period ends.