google bot detected Total Disability Benefit | Insurance Glossary | Realestateagent.com

Total Disability Benefit


Definition of "Total disability benefit"

Pam Khatkar
  Coldwell Banker Residential Brokerage

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.



Related Real Estate Glossary terms

Related Real Estate FAQ