Group Disability Income Insurance (ID A/H/S)

When an insured is able to collect benefits from a disability income policy, while working at the same time, the money received is known as

What are the two types of at-work benefits that can be provided in a disability income policy?

Pauline has disability income policy with an at-work benefit. The amount of the at-work benefit is calculated by looking at the difference between the insured’s pre-disability income compared with the insured’s post-disability income. The monthly benefit will be this percentage of the policy’s total disability benefit. What type of at-work benefit does Pauline’s policy have?

Compared to a group policy, an individual disability income policy

If the employer pays the entire premium of a group disability income policy, the policy is considered

Compared to an individual policy, a group disability income policy has

If the employees pay part of the premium of a group disability income policy, the policy is considered

Disability income plans offered by employers that usually have an elimination period (waiting period) of 0 to 30 days, and a benefit period that lasts for three months or up to two years, are considered what type of plans?

Long-term disability income plans offered by employers have an elimination period that typically coincides with an employer’s benefit period of its short-term disability plan. LTD plans normally have a benefit period that lasts

Loss of income due to disability