A group or individual policy which provides coverage for longer than a short term, often until the insured reaches age 65 in the case of illness and for the remainder of his lifetime in the case of accident.
Disability benefit for those participating employees on or after October 15, 1992. The disability must be total and permanent and prevent the employee from being gainfully employed in any occupation. Authorized under ETF 50, Wis. Admin. Code. This does not use the employees retirement account as it is insurance, not retirement.
Private, employer sponsored disability programs typically provided by an employer as an employee benefit.
Pays an insured a percentage of their monthly earnings if they become disabled.
A disability insurance designed to offer income payments for long-term injuries, illnesses or disabilities. Long-term is often considered over 90 days.
Disability insurance to cover the loss of income suffered by an employee due to serious and lasting disability, usually up to age 65.
Insurance issued to an employer to provide a reasonable replacement of a portion of an employee's earned income lost through serious and prolonged illness or injury.
A type of group or individual health insurance policy which provides coverage for a period of time longer than a "short-term." Often, a long-term policy will provide coverage for a person suffering from illness until they reach the age of sixty-five or, in the case of an accident, for the rest of the person's life.
a policy that pays income to the insured during illnesses, injuries or disabilities that last longer than 90 days.
A disability insurance policy that provides coverage in the form of monthly income payments for as long as the insured remains disabled (usually up to age 65).
Insurance to provide a reasonable replacement of a portion of an employee's earned income lost through serious illness or injury during the normal work career.