Disability insurance is a coverage plan, which provides a monthly income to those who cannot work due to a result of a physical injury. The amount of income payout is determined by the beneficiary’s earned income (I.e. salaries, wages, commissions, net research grants, and net business income).
The disability income insurance payout will not be greater than the person’s original income.
Declared income is used to determine the disability insurance payout although, the person may decide to opt out for a lesser payout.
