Provision in a life insurance policy that states that, in the event of an insured's total disability, the insurance company will waive payment of premiums falling due during the disability period and, in some cases, will also pay an income during disability. Also, the benefits payable under a disability income policy.
1) Amount payable under a group disability (STD or LTD) plan to a covered employee who meets eligibility criteria typically between 50% and 70% of pre-disability income. Salary continuation plans often provide 100% of pre-disability income prior to eligibility for STD/LTD. 2) A provision added to a life insurance policy providing for a waiver of premium and sometimes payment of monthly income if the insured becomes totally and permanently disabled.
A monthly benefit paid because of a medical condition that prevents an eligible member from teaching.
A benefit paid to active members when they are totally disabled and unable to work at any job for which they are qualified for based on education, training or experience. Disability coverage ends with retirement.
Benefits payable to eligible members under disability retirement (40.63), duty disability (40.65), Income Continuation Insurance (ICI) or Long-Term Disability Insurance (LTDI) plans.
Income paid under a disability policy that is not covered under Workers' Compensation Benefits.
A benefit providing a waiver of premium, and sometimes payment of monthly income, if the person insured becomes permanently disabled.
insurance benefits paid in case of disability
an actual retirement benefit
a provision that is usually added to a life assurance policy
A benefit providing a waiver of premium if the person insured becomes disabled. Subject to underwriting review.
The amount of money paid by an insurance company in the event the insured becomes disabled.
A benefit that is payable periodically while an insured continues to be disabled.
Free waiver of payment of future premiums in case of total and permanent disablement due to an accident.
This benefit is paid if you need help looking after yourself and/or need help getting around. It is paid at different rates depending on how your disability affects you.
A feature added to some life insurance policies providing for waiver of the due premium if the insured becomes totally and permanently disabled.
A benefit payable to an employee who is unable to work for medical reasons.This may be paid from a pension scheme as an ill-health early retirement benefit or it may be payable by the employer either directly or under the terms of an insurance policy or income continuance plan (which is not part of the pensions scheme). A disability benefit can also arise under a voluntary disability insurance scheme, paid for in full by its members . Not to be confused with Social Welfare Disability Benefit.
An amount paid, in lieu of salary, to an individual who is disabled. Individuals must qualify for such benefits per the plan's requirements.
A benefit added to some life insurance policies providing for waiver of premium and sometimes payment of a monthly income, if the insured becomes totally and permanently disabled.
The benefit payable under a Disability Income policy or a provision of some other policy, such as a Life Insurance contract.
A feature added to some life insurance policies providing for waiver of premium, and sometimes payment of monthly income, if the policy holder becomes totally and permanently disabled.
monthly income paid under the terms of a disability income insurance contract if the policyholder becomes disabled according to the policy's definition of disability.
Periodic payments, usually monthly, payable to participants under some retirement plans if such participants are eligible for the benefits and become totally and permanently disabled prior to the normal retirement date.
A right under a life policy, such as entitlement to waiver of premiums, if the policyholder becomes totally disabled.
Any payment or payments for Disability that are made under the policy provisions.
Certain life policies will pay out if the policyholder becomes permanently disabled. No further benefit is paid on the policyholder's subsequent death. (See also Critical Illness Insurance.)
The payment, made usually monthly, payable to participants under a Disability Income policy or a provision of some other policy.
Benefits received from an insurance policy that are payable if the insured becomes totally (and sometimes partially) disabled.
