Dictionary of Insurance Terms: total disability benefit
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: (1) total disability for the duration that the policy is in force and beyond the elimination period; and (2) 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.
