Total Disability Benefit
Definition of "Total disability benefit"
Monthly income payment from a disability income insurance policy made to the insured wage earner when income has been interrupted or terminated because of illness, sickness, or accident provided the following stipulations by the wage earner have been met: total disability for the duration that the policy is in force and beyond the elimination period; and while remaining totally disabled, income payment made at the end of each month until the limits on the maximum amount of benefit are reached, at which time payments will cease.
Popular Insurance Terms
Paid loss experience for the period of time from January 1 to December 31 of a specified year (not necessarily the current year). ...
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Qualified retirement plan under the internal revenue code Section 457 for employees of the states and political subdivisions within the states. ...
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Unexpected, unforeseen event not under the control of the insured that results in bodily injury. ...
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Federal legislation passed in 1988 (repealed November 23, 1989) that significantly increased the benefit amounts provided under medicare, both Part A and Part B, in the following manner: ...
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