What amount must Jon's benefits equal once he reaches age 62 under his disability income policy?

Under most disability income policies, once the insured reaches a specific age, such as 62, the amount of benefits paid typically adjusts to a reduced percentage of the pre-disability income. In this case, the correct answer indicates that Jon's benefits must equal 50% of his pre-disability income when he reaches age 62.

Disability policies are designed to provide financial support during the period of disability, but they often include provisions that change the benefit amount once the insured approaches retirement age. This is because the expectation is that individuals will start receiving retirement benefits at that age, and the disability benefits may be adjusted to reflect that transition. In this scenario, setting the benefit amount to 50% ensures that Jon receives a manageable amount of income as he moves toward retirement while also accounting for any retirement benefits he will eventually begin to receive.