1. Elizabeth Meyer is insured under a life insurance policy that includes supplemental disability benefits. Under the terms of her policy, if Ms. Meyer becomes totally disabled, the insurer will waive its right to collect all premiums that become due as long as Ms. Meyer notifies the insurer in writing of her claim and provides proof of her disability. The type of supplemental disability benefit Ms. Meyer's policy provides is known as a
waiver of insurability benefit
waiver of premium for disability (WP) benefit
disability income benefit
waiver of premium for payor benefit
2. Insurance regulators require insurers to use conservative mortality tables to calculate policy reserves. A conservative mortality table is one that shows
higher mortality rates than the insurer anticipates for a particular block of policies
the same mortality rates for men and women of the same age and risk class
the mortality rates an insurer anticipates for a given block of policies
lower mortality rates than the insurer anticipates for a particular block of policies