Definition of "Prior income"

Katt Watton real estate agent
Katt Watton, Real Estate Agent Coldwell Banker Residential Brokerage

Average earned monthly income (AEMI) for the tax year in which the insured wage earner has income interrupted or terminated because of illness, sickness, or accident. This AEMI is important to the calculation of the monthly indemnity benefit and the loss of income amount provided under the disability income insurance policy.


Need help from a real estate agent?

Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a realtor and want to become a member?

Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.


*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions