Partial Disability Benefit


Definition of "Partial disability benefit"

Joy Jones real estate agent
Joy Jones, Real Estate Agent Bluecoast Realty Jacksonville

An 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.

 

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