Group Disability Insurance


Definition of "Group disability insurance"

Cliff Hooker real estate agent
Cliff Hooker, Real Estate Agent The Spencer Group Real Estate

Coverage of an employee group whose members receive a monthly disability income benefit, subject to a maximum amount, if illness or accident prevents a member from performing the normal functions of his or her job. Benefits are usually limited to a stated length of time, and the maximum monthly income benefit is usually no more than 50-60% of earnings prior to the disability, or a flat dollar amount, whichever is less.

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