Benefit Period Insurance: Safeguarding Financial Stability During Extended Disability
Benefit period insurance is a specialized form of disability insurance that provides income protection for a specified duration, known as the benefit period, in the event of a prolonged disability that prevents an individual from working. Consider the case of Sarah, a dedicated healthcare worker who contracts a debilitating illness, leaving her unable to continue her profession. Benefit period insurance ensures that Sarah receives a portion of her regular income for an extended period, helping her maintain financial stability while she navigates her recovery journey.