1. What is disability income insurance? Explain the waiting-period provisions found in such policies. 2. Describe both the liberal and strict definitions used to establish whether an insured is...

1. What is disability income insurance? Explain the waiting-period provisions found in such policies.

2. Describe both the liberal and strict definitions used to establish whether an insured is disabled.

3. Why is it important to consider benefit duration when shopping for disability income coverage?