What Does Disability Insurance Cover?
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Written by
Jeffrey Johnson
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UPDATED: Jul 16, 2021
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After an initial period called the ‘elimination’ or ‘waiting’ period, disability income insurance pays a specified percentage of your income while you are disabled. The payments continue for the duration of the disability or until the maximum time limit stipulated in the policy. As a rule, insurance companies will not allow you to have disability coverage for more than about 60 percent or 70 percent of your normal taxable income.