What types of “definitions of disability” are commonly included in STD and LTD insurance policies?
Some disability income insurance contracts provide coverage only for “total and permanent” disabilities. Others provide coverage for “total and permanent” disabilities, “partial disabilities,” and “temporary” disabilities. Some policies providing “partial” disability coverage require that the “partial” disability be proceeded by a period of “total” disability. Since these terms are often confusing, with their definitions differing somewhat from one policy to the next, it is recommended that insureds discuss this issue at length with their insurance adviser.
Some disability income insurance contracts provide coverage only for “total and permanent” disabilities. Others provide coverage for “total and permanent” disabilities, “partial disabilities,” and “temporary” disabilities. Some policies providing “partial” disability coverage require that the “partial” disability be proceeded by a period of “total” disability. Since these terms are often confusing, with their definitions differing somewhat from one policy to the next, it is recommended that insureds discuss this issue at length with their insurance adviser. Back to questions In addition to coverage of partial or total disabilities and temporary or permanent disabilities, what other aspects of a “definition of disability” are important to consider when purchasing disability income insurance? The way in which a disability is defined, especially as it relates to the inability of the insured to perform a particular occupation, is exceedingly important. Several insurers market policies that
Some disability income insurance contracts provide coverage only for “total and permanent” disabilities. Others provide coverage for “total and permanent” disabilities, “partial disabilities,” and “temporary” disabilities. Some policies providing “partial” disability coverage require that the “partial” disability be proceeded by a period of “total” disability. Since these terms are often confusing, with their definitions differing somewhat from one policy to the next, it is recommended that insureds discuss this issue at length with their insurance adviser. In addition to coverage of partial or total disabilities and temporary or permanent disabilities, what other aspects of a “definition of disability” are important to consider when purchasing disability income insurance? The way in which a disability is defined, especially as it relates to the inability of the insured to perform a particular occupation, is exceedingly important. Several insurers market policies that define total disa
