|
Like life insurance protects your income up to 60% of gross due to the tax free nature of the benefit.
|  |
|
|
Contracts are non-cancelable (rates guaranteed) and guaranteed renewable or without rate guarantees.
|
|
|
Benefit periods range from 2 years up to age 67. Waiting periods are typically 60 - 90 days.
|
|
|
Return of premium available with a few companies.
|
|
|
Unlike group disability coverage, clients own the benefit, rate and contract provisions.
|
|
|
Other special disability programs for individuals are, injury only disability and mortgage disability, due to the fact that 59% of all foreclosures are because of this lack of coverage.
|
