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What does the "monthly benefit" refer to when it comes to disability insurance? |
What does the "monthly benefit" refer to when it comes to disability insurance? The cash amount they send you each month while you are disabled, normally this has nothing to do with any medical payments that may be paid to your doctors and the like. When you become disabled, the monthly benefit amount is the amount the policy will directly to you. The amount that you will receive monthly when you become disabled. How much they pay you. With disability, it's usually 60% to 70% of your regular pay. agent, 21+ years How much you receive each month when disabled. insurance agent 23+ years |
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