风险与保险原理课件_ch20 残疾收入保险的一般性质(英文版)(45页)ppt.pdf
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1.Provides periodic payments to person insured when he
or she is unable to work because of injury or illness.
2.Coverage may be provided for accidents only or for
accidents and sickness. Coverage for sickness only is rare.
3.Benefit eligibility presumes loss of income, but this
is usually defined as the inability to pursue an occupation.
Types of Disability Insurers
1.Property and liability insurers
2.Life insurers3.Specialty (monoline) health insurers
Methods of Marketing Disability Insurance
1.Group
2.IndividualNeed for Disability Income Insurance
1.Probability of disability at most ages before
retirement is greater than the probability of death
2.Because disability can be both total and permanent,
severity ranks with death of the wage earner in severity
3.When persons other than the disabled person were
supported by the lost income, the problem is compounded
Protection from Other Sources
1.Workers Compensation for work-related disabilities
2.Compulsory Temporary Disability programs in California,
Hawaii, New Jersey, New York, Rhode Island, and Puerto Rico
3.OASDI for total and permanent disability
4.Employer-provided sick leave or cash benefits
Extent of Coverage for Disability
1.About 57% of nongovernment workers covered under short-term
disability plans (including sick leave)
2.Slightly less than
30% of nongovernment workforce covered for long-term disability
Disability Income Contracts