Illinois Health Insurance Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Get ready for the Illinois Health Insurance Test. Study using multiple choice questions, each with hints and detailed explanations. Prepare thoroughly for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does disability income insurance protect an insured against?

Loss of personal belongings
Healthcare costs
Loss of income due to disability
Legal expenses

The correct answer is: Loss of income due to disability

Disability income insurance specifically provides financial protection to individuals who are unable to work due to a disabling condition. This type of insurance is designed to replace a portion of an individual's lost income when they cannot perform their job duties because of an illness or injury. The primary goal is to ensure that the insured can maintain a certain level of financial stability despite being unable to earn their usual wages. While healthcare costs, loss of personal belongings, or legal expenses may be important health-related or financial concerns, they are not the focus of disability income insurance. Instead, this insurance explicitly addresses scenarios where the insured is incapacitated and thus unable to generate income, making it essential for safeguarding against the economic ramifications of a disabling event.