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Insurance & Risk Management
13. Chapter 15: Healthcare Reform—Individual Health Insurance Coverages/Disability-Income insurance
13. Chapter 15: Healthcare Reform—Individual Health Insurance Coverages Illustration
Syllabus Slides

Disability-Income insurance

01.Core Concepts

The benefit period is the length of time that disability payments are payable after the elimination period is met Individual policies normally contain an elimination period (waiting period), during which time benefits are not paid Most policies automatically include a waiver-of-premium provision If the insured is totally disabled for 90 days, future premiums will be waived as long as the insured remains disabled Policies typically include a rehabilitation provision ‹#›