Some coverage characteristics of Disability Insurance that are beneficial to the insured are as follows:
1) Guaranteed renewable or guaranteed non-cancellable;
2) Own occupation feature;
3) Coverage to age 65;
4) Elimination period that fits with how long you could afford to live without your paycheck;
5) Residual disability feature;
6) Cost of Living increase;
7) Future benefit increases guaranteed; and
8) Choice of how what % of your income you want to replace.
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1) Guaranteed renewable or guaranteed non-cancellable;
2) Own occupation feature;
3) Coverage to age 65;
4) Elimination period that fits with how long you could afford to live without your paycheck;
5) Residual disability feature;
6) Cost of Living increase;
7) Future benefit increases guaranteed; and
8) Choice of how what % of your income you want to replace.