Disability Benefits, Riders, and Claims

What this video covers

• How individual and group disability income differ from business overhead expense, disability buyout, and key-employee coverage
• Why business overhead expense coverage supports business costs rather than replacing the owner's personal income
• How a future-increase option, an impairment-exclusion rider, premium rating, and waiver of premium affect coverage or cost
• How the elimination period differs from the benefit period and the premium grace period
• Why income benefits and premium waivers can have separate waiting periods and conditions
• How to review disability claims by checking the policy purpose, disability definition, contract-named offsets, evidence, and continuing eligibility
• How employer pretax and employee after-tax premium funding generally affects disability-income benefit taxation