Business, Legal & Accounting Glossary
A disability provision in an insurance policy that will provide a monthly income benefit for as long as the holder meets the criteria for being declared disabled. The disability can sometimes be rated for partial benefits according to the degree of the disability. For example, a person rated to be 50% disabled might be entitled to a 50% benefit payment.
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Definitions for Lifetime Disability Benefit are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.