Ajeet has a renovation and drywall contracting business and the business is covered by a...
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Ajeet has a renovation and drywall contracting business and the business is covered by a Disability Business Overhead Expense (BOE) insurance policy he purchased. Which of the following statements about Disability BOE insurance is correct?
| a) | If the benefit on the policy is $5,000 per month for 24 months, the benefit payment will be a fixed amount of $5,000 per month. | |
| b) | If the benefit on the policy is $5,000 per month for 24 months, the benefit payment will be a maximum reimbursement amount of $5,000 per month. | |
| c) | If the benefit on the policy is $5,000 per month for 24 months, the benefit payment will be an income replacement amount of $5,000 per month. | |
| d) | If the benefit on the policy is $5,000 per month for 24 months, the fixed benefit payment will be paid until the insured returns to work. | |
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