Disability Income Insurance

What this video covers

• How own-occupation and any-occupation definitions determine whether a disability qualifies, and why the contract controls
• How partial, residual, and recurrent disability provisions can affect benefits
• The difference between the elimination period and the benefit period, including how a longer wait can affect premium and out-of-pocket costs
• How to calculate remaining coverage capacity from the stated income limit and existing coverage, and how to apply contract offsets
• How individual policies differ from group coverage, including the master contract, employee certificate, and possible continuation or conversion terms
• How business overhead-expense, disability buyout, and key-employee coverage protect a business rather than replace personal earnings
• How to calculate a disability buyout funding gap and distinguish the policy owner, premium payer, insured, and beneficiary