Different Policies offer many characteristics and definition for disability for disability including.
- Any Occupation
- Modified Any Occupation
- Own Occupation
- Split Definition
- Loss of Income
Any Occupation
This is the Strictest definition in which the insured is consider disability only if he or she unable to perform any duties pertaining to any occupation.
Modified Any Occupation
Disability applies only if you unable to perform any duties pertaining to any occupation for which you have been trained , received any eduction or have work experience.
Own Occupation
This is the most fixable definition for liability. You are deemed to be disabled if you are unable to engage in principal for your won occupation. Most insurance carrier and doing away with this definition
Split Definition
this definition can be within one's occupation for a specific time period or with any occupation after the minimum benefits period has passed.
Loss of Insurance
this definition avoids the problem of having to determine partial or total disability. A policy with this definition pays the insured in the events of loss of icome due tp illness or injury.
