Group Disability Insurance Policies
Group disability insurance policies are policies that are made available to participants of organizations, such as members of professional associations, like the American Medical Association (AMA) or the American Dental Association (ADA). Instead of providing a set monthly benefit amount, group policies typically confer benefits calculated as a percentage of the insured’s base salary (usually somewhere between 50% and 75%). Group policies also often contain provisions that reduce the amount of benefits payable to the insured if the insured receives income from other sources, such as Social Security disability benefits or worker’s compensation.
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