Disability contract structures compared by definition of disability, benefit period and elimination period — the three clauses that decide whether a claim pays.
Return-of-Premium Term explained: any-occupation definition, 5–10 years benefits, 90 days elimination period, $45–$95/month. Who it fits and the clauses that matter.
Critical Illness Rider Bundle explained: n/a — lump sum on diagnosis definition, Lump sum benefits, Survival period elimination period, $30–$80/month. Who it fits and the clauses that matter.
Disability Buy-Out explained: own-occupation definition, Lump sum benefits, 90–180 days elimination period, $80–$180/month. Who it fits and the clauses that matter.
Key Person Disability explained: own-occupation definition, 1–5 years benefits, 90 days elimination period, $60–$150/month. Who it fits and the clauses that matter.
Business Overhead Expense explained: n/a — pays business costs definition, 12–24 months benefits, 30–60 days elimination period, $50–$120/month. Who it fits and the clauses that matter.
Short-Term Disability explained: own-occupation definition, 3–6 months benefits, 0–14 days elimination period, $15–$40/month. Who it fits and the clauses that matter.
Group Long-Term Disability explained: any-occupation after 24 months definition, To 65 (while employed) benefits, 90–180 days elimination period, Employer-paid/month. Who it fits and the clauses that matter.
Individual Any-Occupation explained: any-occupation definition, 2–5 years benefits, 90 days elimination period, $40–$90/month. Who it fits and the clauses that matter.
Individual Modified Own-Occupation explained: modified own-occ definition, 5 years–to 65 benefits, 90 days elimination period, $70–$140/month. Who it fits and the clauses that matter.
Individual Own-Occupation explained: own-occupation definition, To age 65 benefits, 90 days elimination period, $120–$220/month. Who it fits and the clauses that matter.
