[Health Insurance] 31, Residual and Partial Disability Benefits

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Residual disability benefits are triggered by a loss of income, with payments proportional to the percentage of earnings lost. - Partial disability benefits are paid when an insured can perform some, but not all, of their essential job duties, often for a flat percentage and a limited time. - The exam tests your ability to distinguish the two based on keywords: "loss of income" points to residual, while "inability to perform duties" points to partial. - Benefit calculations are a key difference: residual is a variable percentage based on income loss, while partial is typically a fixed 50% of the total benefit. - A helpful mnemonic is: "Residual is for Reduced Revenue" and "Partial is for Performing Part of the job." For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep