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Glossary Home | Search Glossary | Submit New Term Partial disability benefitAn amount usually expressed as 50% of the monthly indemnity for the total disability benefit provided by a disability income insurance policy. This amount becomes payable when the insured wage earner's income has been interrupted or terminated because of illness, sickness, or accident. Payments continue up to the time and amount limitations as stipulated in the policy. This type of benefit has been replaced, in large part, by the residual disability income insurance policy. Find a Real Estate Agent to help you to buy or sell a home |
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