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.
Related information about lifetime disability benefit:
- Lifetime Disability Benefit: Definition from Answers.com
Lifetime Disability Benefit Provision in some disability income policies that provides a monthly income benefit to a disabled insured for as long as he.
- What is lifetime disability benefit? definition and meaning
Definition of lifetime disability benefit: A disability provision in an insurance policy that will provide a monthly income benefit for as long as the holder meets the ...
- Guardian Disability Insurance Brokerage - Arthur D. Calfee ...
Make the intelligent choice by choosing a lifetime disability benefit period that complements your retirement planning. * The Graded Lifetime Extension Benefit ...
- § 40.65 DUTY DISABILITY AND SURVIVOR BENEFITS - ETF
The duty disability program provides a lifetime disability benefit under Wis. Stat. § 40.65. This disability benefit is similar to workers' compensation benefits and is ...
- Total vs. Residual Disability Analysis | Individual Disability Insurance ...
... out of these definitions, such as when residual disability must follow total disability and when residual disability cancels out lifetime disability benefit riders.
- PORAC Law Enforcement News - 2012_08 (August 2012)
... during which LTD Plan benefits are payable under the Lifetime Disability Benefit provision. Insured Period: Begins with the by your age when disability began.
- Income protection and disability insurance - a glossary
Lifetime Disability Benefit: A benefit that is payable for the lifetime of the insured if continuously and totally disabled before a specified age (i.e., 45 or 55). Loss of ...
- Glossary | Zimmerman Wealth Strategies
Lifetime Disability Benefit: A benefit that is payable for the insured's lifetime, if the insured is continuously and totally disabled before a specified age (i.e., 45 or ...