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Disability Insurance Policy Basics Disability insurance policies differ widely from insurance company to insurance company. However, there are four components to a disability policy of which you must be aware. Applying these components properly will insure that you are adequately protected. Click on each of the features on the left to view the definition of each. Elimination Period       This is also referred to as an exclusion period. It is the length of time that you must be disabled before your benefits begin. This period can be set at 30, 60, 90, or 180 days, and in some policies as much as one or two years. Benefit Period       The length of time that your benefits will pay. This can be set at one, two, or five years, or they can pay until age 65 or for the rest of your life. Benefit Amount       This is how much of your income you are protecting. This can be represented as a percentage of your income, or a specific dollar amount. Disability Definition       This is very important because this definition will determine when you are considered disabled. This can be defined as being disabled from your occupation or from any occupation. < PREVIOUS NEXT> #38599