• Peter C. Ciravolo

What triggers a disability income policy to pay out?| BC Brokerage | Insurance for Fee-Only Planners




What triggers a disability income policy to pay out?


Every policy definition is different. Here are a few things to look for:


-Elimination period - otherwise known as time deductibles. Usually 90 or 180 day.

-Own occupation vs. Any occupation definition or rider?


-Meet the definition of disability by qualify for 1 of the following:

1. 15-20% + loss of income

2. 15-20% + loss of time

3. Loss of 1 major job function


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