What does it mean to be Disabled …
Individual Disability Contracts have three basic
definitions of TOTAL DISABILITY
- Any Occupation
You are considered to be disabled if you cannot perform the substantial duties of your occupation AND you are not gainfully employed elsewhere AND you cannot do anything for which you have education, training or experience.This is the MOST RESTRICTIVE definition of Total Disability.
- Regular Occupation
You are disabled if you cannot perform the substantial duties of your occupation AND you are not gainfully employed elsewhere.
This is MORE LIBERAL than the Any Occupation definition of Total Disability. You will receive benefits as long as you are disabled in your occupation. However, if you decide to work elsewhere, your claim benefits will cease …
- Own Occupation
You are disabled if you cannot perform the substantial duties of your occupation.
This is the MOST LIBERAL definition of Total Disability. You will receive full benefits if you cannot work in your regular occupation even though you are working elsewhere and earning an income.The DEFINITION of TOTAL DISABILITY is the most important feature of any disability contract!
Did you enjoy this article? It may a “benefit” to have a chat, or at least subscribe to our newsletter.
Read our other articles:
Disclaimer: Please note that the information provided, while authoritative, is not guaranteed for accuracy and legality. The site is read by a world-wide audience and employment, taxation, legal vary accordingly. Please seek legal, accounting and human resources counsel from qualified professionals to make certain your legal/accounting/compliance interpretation and decisions are correct for your location. This information is for guidance, ideas, and assistance.