Question

Short-term disability plans may be designed with any of the following features, EXCEPT:

Option 1: Waiting Period
Option 2: Partial Disability Coverage
Option 3: Guaranteed Renewable
Option 4: Own Occupation Coverage

Answer 1

Short-term disability plans may be designed with various features to provide coverage to disabled individuals, including waiting periods, partial disability coverage, guaranteed renewable policies, and own occupation coverage.

Step-by-step explanation:

Short-term disability plans may be designed with several features to provide coverage to individuals who are unable to work due to disability. These features include:

1. Waiting Period: This is the period of time that an individual must wait after becoming disabled before they can start receiving benefits. This helps ensure that the disability is not temporary and that the person truly needs the coverage.
2. Partial Disability Coverage: This feature provides benefits to individuals who are only partially disabled and can still work but may require some assistance or accommodation.
3. Guaranteed Renewable: This feature ensures that the policy can be renewed without any changes to coverage, regardless of the individual's health or disability status.
4. Own Occupation Coverage: This feature provides benefits to individuals who are unable to perform the duties of their own specific occupation due to disability.

Therefore, the correct answer is none of the above options as all of them are features of short-term disability plans.