How is disability defined?
Use this as a checkpoint before comparing carriers or signing an application.
Insurance terms
Disability insurance
Income protection if illness or injury keeps work from happening under the policy terms.
Definition
Disability insurance
Disability insurance may replace part of your income if a qualifying illness or injury keeps you from working according to the policy language.
- Why it mattersThe policy is not just a percentage of income. The definition of disability, waiting period, benefit length, tax treatment, occupation class, and existing coverage can all change what protection actually looks like.
- What it is notThis is not a quote, approval, recommendation, or policy promise. The exact meaning depends on the contract and carrier.
- Where to confirm itAsk to see the policy language, rider language, illustration, or contract page that controls this term.
Questions to ask.
A good broker conversation should turn a definition into a practical policy decision.
How long is the waiting period?
Use this as a checkpoint before comparing carriers or signing an application.
How long can benefits last?
Use this as a checkpoint before comparing carriers or signing an application.
How does this interact with employer coverage?
Use this as a checkpoint before comparing carriers or signing an application.
Related reading.
Keep the explanation connected to the product you are comparing.