What Is Disability.?
Disability is for when you can't work anymore due to things like your health and what not.
Business Overhead, National Social, Employer-Supplied, (&} Veterans.!
Reimburses the business for overhead expenses if the owner experiances disability
Disability
A safety net to catch anyone that is uninsured or underinsured.
You use disability when you can't work. The longer you have to stay out of work the more money you get.
For employers to cover their employees when they get hurt on the job.
There are also different types of disability.
when they get hurt in the army, military,etc. and can't serve anymore.
There is Individual Disability, High Limit Disability,Key Person Disability,BOE Disability,National Social,Employer- Supplied,and Veterans Disabilty
Individual Disabilty, High Limit, (&} Key Person.!
It varies between companies,occupations,states,and countries.
High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level
Key Person Disability Insurance provides benefits to protect a company from financial hardship that may result from the loss of a key employee due to disability