Final Answer:
In group long-term disability policies, the specified benefit amount is often a percentage of the insured person's wages.
The statement is true.
Step-by-step explanation:
Yes, the statement is likely true. In group long-term disability income policies paid by employers, the specified benefit amount is often a percentage of the insured individual's wages.
These policies typically provide a percentage of the pre-disability income as a benefit in the event that the insured person becomes disabled and is unable to work.
The exact percentage and terms can vary depending on the specific policy and the agreement between the employer and the insurance provider.
Your complete question is:
Darrell has a group long-term disability income policy paid by his employer. Which of these statements is true?
The specified benefit amount is a percentage of his wages.