The person who receives a disability insurance benefit from an individual or group policy is the person who becomes disabled. The benefit replaces some of the income lost by being unable to work.
Some business owners take out disability insurance on key employees that would pay the benefit to the business while that employee is disabled. They normally only pay the benefit long enough to find a new employee, if the disability appears to be permanent.
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Some business owners take out disability insurance on key employees that would pay the benefit to the business while that employee is disabled. They normally only pay the benefit long enough to find a new employee, if the disability appears to be permanent.