Question

Which of the following are the main factors taken into account when calculating residual disability benefits?

A) Total disability duration
B) Policyholder's age
C) Policyholder's occupation
D) Waiting period length

Answer 1

When calculating residual disability benefits, key factors include pre-disability income, degree of earnings loss, and current income while partially disabled. Age, occupation, total disability duration, and waiting period length also influence general disability benefit calculations and coverage eligibility.

Step-by-step explanation:

Main Factors in Calculating Residual Disability Benefits

Residual disability benefits are designed to provide supplementary income to individuals who are partially disabled and unable to perform some, but not all, of their job functions. The calculation for these benefits typically considers the following factors:

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• The policyholder's pre-disability income or earnings
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• The degree of earnings loss due to the disability
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• Continuing work ability and the current income in the partially disabled state

However, the specific options mentioned in the question, such as total disability duration, policyholder's age, policyholder's occupation, and the waiting period length may also impact the calculation of disability benefits more generally, not just residual disability benefits. Factors such as age and occupation can influence premiums and eligibility for disability insurance coverage.