Disability Income: Rapid Fire

What this video covers

• How own-occupation, any-occupation, partial, residual, and recurrent disability definitions affect benefit eligibility
• Why a diagnosis alone is not enough, and how medical restrictions must match the policy’s work test
• How the elimination period, benefit period, and contract-named offsets affect payments
• How individual and group disability income differ from business overhead expense, disability buyout, and key-employee coverage
• What future-increase, impairment-exclusion, and waiver-of-premium riders change, and how a premium rating differs from an exclusion
• How employer-paid, pretax, employee after-tax, and mixed premium funding affect the tax treatment of benefits
• Why the benefit period is a maximum, and why residual benefits follow the contract’s formula rather than automatically matching lost earnings