Phabbyfundz
Active member
— Additional purchase option; the insurance company gives the policyholder the right to buy additional insurance at a later time.
— Coordination of benefits; the amount of benefit policy holders receives from their insurance company depends on other benefit they receive because of the disability. The policy specifies a target amount the policy holder would receive from all the policies combined and would make up the difference not paid by other policies.
— Cost of living adjustment; this increases disability benefits over time based on the increase cost of living measured by the consumer price index. Policy holders would pay a higher premium if they select this option.
— Residual or partial disability rider; this provision allows workers to return to work part time collecting part of their salaries and receiving a partial disability payment if they are still partially disabled.
— Coordination of benefits; the amount of benefit policy holders receives from their insurance company depends on other benefit they receive because of the disability. The policy specifies a target amount the policy holder would receive from all the policies combined and would make up the difference not paid by other policies.
— Cost of living adjustment; this increases disability benefits over time based on the increase cost of living measured by the consumer price index. Policy holders would pay a higher premium if they select this option.
— Residual or partial disability rider; this provision allows workers to return to work part time collecting part of their salaries and receiving a partial disability payment if they are still partially disabled.