Sentences with phrase «occupation definition»

The phrase "occupation definition" refers to the specific description and understanding of a person's job or profession. It explains the tasks, responsibilities, and skills required for a particular occupation. Full definition
An option for 2 - year or 5 - year own occupation definition of total disability is available.
A true own occupation definition of disability is often the most desired for a high - income professional.
The own occupation definition for total disability requires that you are unable to perform the substantial and material duties of your regular occupation.
The individual plan can have a regular occupation definition of disability, and riders can be added to customize the plan to suit your need.
For more information on occupation definitions when it comes to long - term disability insurance, check out our full primer here.
The policy provides a 2 year own occupation definition of total disability.
The best long term disability insurance provides a true own occupation definition of total disability.
Some insurers will offer a policy that starts with one of the first three own occupation definitions above, but then after a period of time (24 months, 5 years, etc.) changes to a stricter definition — for example, it may only continue to pay the benefit if you remain unable to work at an occupation for which you're qualified and do not to work at any other occupation.
A true own occupation definition for total disability and partial disability means you will receive your benefits if you are unable to return to work in your regular occupation, even if you return to work at a different occupation in some capacity.
Other policies might offer a «transitional» own occupation definition of disability.
Own occupation definition of disability means you can not perform the substantial and material duties of your own occupation.
In order to receive your disability benefits under an any occupation definition of disability, you can not be able to return to any gainful employment.
It provides a true own occupation definition of total disability that may allow you to work in another occupation and still receive benefits.
Any occupation definition of disability means you can not perform the substantial and material duties of any gainful employment.
Our supplemental dentist disability insurance plans are built around the own - occupation definition of disability.
Private disability insurance policies often have an own - occupation definition, meaning you still receive benefits if you can't do all of the duties of your current job even if you're able to do other work.
An own occupation definition of total disability requires that solely due to injury or illness, you are not able to perform the material and substantial duties of your regular occupation.
Most group disability insurance plans, particularly long - term disability plans, allow a two year own occupation definition of total disability.
When designing your private disability insurance there are certain key features that you should consider, such as own occupation definition of total and partial disability, guaranteed renewability, non-cancelable, a cost of living adjustment rider.
Ideally, you want an OWN OCCUPATION definition of total disability.
For example, going from a modified occupational definition to a true own - occupation definition.
The any occupation definition is much broader than the own occupation definition of total or partial disability.
Now, it is important to understand that certain occupations do not qualify for an own occupation definition.
Often, employer based plans will have a 2 year own occupation definition for total disability that changes to any occupation definition after two years have passed.
Any occupation definition of disability is broader, and therefore it provides lower long term disability insurance premiums than the own occupation disability definition.
Own occupation definition of disability refers to your inability to do the substantial and material duties of your own occupation.
It is important that you choose a policy that uses the own occupation definition of total disability, as compared to any occupation.
a b c d e f g h i j k l m n o p q r s t u v w x y z