What is Recovery Benefit Rider?
A. Once you return to work following a disability, the recovery benefit rider pays a lump sum benefit in addition to the monthly disability benefits received during disability. In order to be eligible for the recovery benefit, you have to have been receiving disability benefits for 45 days or longer. Recovery benefits increase as the length of disability increases. The amount of the lump sum payment is equal in amount from 1/4 of your monthly disability benefit to a maximum of 3 months. The recovery benefit rider can be added to either a disability or disability overhead insurance policy. It is designed to help with cash flow when you return from disability. For more details, please contact our customer service department.
