Healthcare & Insurance

Benefit Period

How long your disability insurance will pay benefits once a qualifying claim is approved.

Also known as: coverage period, benefit duration

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: