DISABILITY INCOME INSURANCE POLICY. This is a non-participating Disability Income Insurance Policy. The Standard Life Insurance Company of New York, a stock life insurance company, issued this policy to the Owner in consideration of the statements made in the application and payment of the premium. A copy of the application is attached to and made part of the policy.
DISABILITY INCOME INSURANCE POLICY. This rider provides a benefit if you’re residually disabled rather than totally disabled. You can receive benefits for residual disability if you’re working but experiencing a loss of income, along with either a loss of duties or a loss of time, because of a sickness or injury. When you can work but can’t perform those duties that make up at least 20% of your work time, this qualifies as a loss of duties. When you can do all of your duties at work but you can’t do them for at least 20% of the time that you previously spent doing them, this qualifies as a loss of time. When you experience at least a 20% loss in earnings because of an injury or illness, this qualifies as a loss of income. This rider pays no less than 50% of your basic monthly benefit for the first six months that you receive residual disability benefits. After that, the benefit amount depends on the percentage of income lost. STANDARD INSURANCE COMPANY BASIC RESIDUAL DISABILITY RIDER For purposes of this rider only, the definitions of Disability/Disabled and Disability Benefit/Disability Benefits in the policy are changed as follows: Disability/Disabled means Total Disability/Totally Disabled, as defined in the policy; and Residual Disability/Residually Disabled, as defined below. Disability Benefit / Disability Benefits means any benefit payment or payments for Total Disability or Residual Disability that are made under this policy. RESIDUAL DISABILITY You will be eligible for a Disability Benefit during your Residual Disability if you meet the requirements below.
DISABILITY INCOME INSURANCE POLICY. This is a non-participating Disability Income Insurance Policy. Standard Insurance Company, a stock life insurance company, issued this policy to the Owner in consideration of the statements made in the application and payment of the premium. A copy of the application is attached to and made part of the policy. The Guaranteed Renewable language is replaced by the Noncancelable Policy Rider. We want you to be satisfied with the policy we deliver to you. If you decide within 30 days that you don’t want the policy, we’ll cancel it with no questions asked and refund your premium.
