a b c d e f g h i j k l m n o p q r s t u v w x y z

Benefit Period - How long a policy will pay benefits to the insured...

Elimination Period - An individual must be disabled for a certain
amount of time before they can start receiving disability benefits ,
this length of time is called "elimination period"

Guaranteed Renewable - You are guarantee renewability, however, the rates can change on renewal.

Integrated Benefits - Where your insurance company considers the total benefits received from all other disability sources, such as SSA, or Workmans Comp, and subtract it from your benefit.

Long Term Disability Policies - Are policies that have a benefit period which extends to retirement age, usually 65.

Non Cancellable - Non cancellable contracts means that the insurer can not make modifications to or raise the rates of the policy, unless stated in the contract.

Own Occupation Disability - When you can not perform the duties of your occupation, training and experience.

Residual Disability Policies - If an individual experiences at least a 20% decline in pre-disability income, the policy pays the insured a proportional benefit of their loss of income.

Short Term Disability Policies - Policies that extend two years or less

Total Disability - Definitions vary per policy, but usually it is a disability in which you are not able to perform the duties of any occupation. Also known as Any Occupation Disability.

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