At what maximum age can a disability benefit be claimed?

At what maximum age can a disability benefit be claimed?

• A. 60
• B. 65
• C. 70
• D. 75

Answer: (B)

The maximum age at which a disability benefit can be claimed is typically 65. This reflects a standard practice in the insurance industry, where many policies and plans designate 65 as the age at which coverage for disability benefits concludes. At this age, individuals often transition into retirement, and thus, policies are structured with the understanding that the need for income replacement due to disability is likely to diminish as one nears retirement age. Beyond this threshold, eligibility for disability benefits generally decreases, as the focus shifts to retirement benefits, where individuals are already expected to access resources such as pensions, old age security, or other forms of retirement income. By establishing this age limit, insurance companies manage their risk and ensure that the policies remain financially viable while still providing critical support to individuals who are unable to work due to a disability during their working years. This rationale reinforces the idea that while support is crucial for those facing disability, there is a clearly defined age range where it is most applicable, aligning with typical employment patterns and societal expectations regarding retirement.

The maximum age at which a disability benefit can be claimed is typically 65. This reflects a standard practice in the insurance industry, where many policies and plans designate 65 as the age at which coverage for disability benefits concludes. At this age, individuals often transition into retirement, and thus, policies are structured with the understanding that the need for income replacement due to disability is likely to diminish as one nears retirement age.

Beyond this threshold, eligibility for disability benefits generally decreases, as the focus shifts to retirement benefits, where individuals are already expected to access resources such as pensions, old age security, or other forms of retirement income. By establishing this age limit, insurance companies manage their risk and ensure that the policies remain financially viable while still providing critical support to individuals who are unable to work due to a disability during their working years.

This rationale reinforces the idea that while support is crucial for those facing disability, there is a clearly defined age range where it is most applicable, aligning with typical employment patterns and societal expectations regarding retirement.