The most obvious advantage of disability income insurance is that the policy will provide a benefit payment equal to a certain percentage of the disabled individual’s income for the duration of the disability or the length of the policy’s benefit period. This benefit payment will make it easier for the disabled individual to continue to support his family and meet basic living expenses.
Also, the insured may receive the benefits all or partially tax free.
Reproduced with permission. Copyright The National Underwriter Co. Division of ALM