Benefit Period
How long your disability insurance will pay benefits once a qualifying claim is approved.
What You Need to Know
The benefit period determines the maximum length of time you can receive disability benefits for a single claim.
Typical Choices:
- 2 years or 5 years (lower cost, limited protection)
- To age 65 or 67 (most popular for long-term security)
- To age 70 or lifetime (highest premium, strongest protection)
Select a benefit period that covers you until traditional retirement age so a long disability does not derail retirement plans.
Sources & References
This information is sourced from authoritative government and academic institutions:
- longtermcare.acl.gov
https://longtermcare.acl.gov/costs-how-to-pay/understanding-insurance.html
Related Calculators & Tools
Put your knowledge into action with these interactive tools:
Related Terms in Healthcare & Insurance
ADLs (Activities of Daily Living)
Six basic self-care tasks—like bathing and dressing—that determine long-term care eligibility.
Any Occupation
Disability coverage that only pays benefits if you cannot work in any reasonable job based on your experience and education.
Assisted Living
Housing for people who need help with daily tasks but not round-the-clock medical care.
Beneficiary
The person, trust, or organization that receives the life insurance payout.
Cash Value
The savings component inside certain permanent life insurance policies.
DIME Method
A rule of thumb for estimating life insurance needs: Debt, Income, Mortgage, Education.